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...(NYT) News Round-Up House of Fraser survival in doubt as rescue plan falls apart (FT) Carlyle/AIG: alternative lifestyle (FT Lex) Uber names former Northrop Grumman CEO as independent chair (FT) Tech...
...Aerospace and defence stocks rallied as Northrop Grumman’s $7.8bn deal to buy Orbital helped spur consolidation hopes....
...For example, Northrop Grumman appointed Wes Bush to the role in 2007 before bumping him up to the top job in 2010....
...The divestments will leave L-3 with revenues of about $13.5bn and four main divisions, providing aircraft modernization and maintenance, electronic systems, intelligence and surveillance systems, and cyber...
...“We’ve identified cyber as one of our four key areas for growth for the next five years,” says Tim McKnight, vice-president at Northrop’s intelligence systems division....
...Evercore also lured Eduardo Mestre from Citigroup, where he was chairman of the investment bank and a top dealmaker, advising on landmark mergers such as Northrop’s combination with Grumman and AOL’s tie-up...
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