Press Release

Northrop Grumman Completes Acquisition of XonTech, Boosting Missile Defense Capabilities

By SpaceRef Editor
July 25, 2003
Filed under , ,

Northrop Grumman
Corporation announced today that it has completed its acquisition
of XonTech, a Van Nuys, Calif.-based science and technology firm specializing
in missile defense, and sensor and intelligence data analysis. The
acquisition boosts the company’s missile defense capabilities.

XonTech, with 450 employees, generated 2002 revenues of approximately
$73 million. The company will be integrated into Northrop Grumman’s Mission
Systems sector headquartered in Reston, Va.

“Missile defense is one of the nation’s great challenges, requiring the
best the defense industry has to offer,” said Donald C. Winter, president,
Northrop Grumman Mission Systems and lead corporate executive for missile
defense. “XonTech’s technology complements Northrop Grumman’s expertise in
data analysis and interpretation, phenomenology, sensors, radar design,
algorithm development and modeling. XonTech’s expertise and technology also
strengthens our ability to develop the missile defense systems essential to
countering 21st century threats.”

Kenneth W. Schultz, XonTech’s president and chief executive officer said,
“For the past 20 years, the company has been dedicated to advancing the
technologies required to field an effective U.S. missile defense. XonTech’s
employees are looking forward to making even greater contributions to this
strategic imperative as part of Northrop Grumman.”

Houlihan Lokey Howard & Zukin’s Aerospace Defense Government Group served
as exclusive financial advisor to XonTech.

Northrop Grumman — through its Mission Systems and Space Technology
sectors — plays a key role in all phases of missile defense, providing the
battle management command control and communications system, spacecraft,
lasers and target launch vehicles. The company’s major missile defense
programs include the Defense Support Program satellite; Fire
Control/Communications system for the Ground-based Midcourse Defense system;
Space Tracking and Surveillance System; Airborne Laser; Space Based Laser;
Mobile Tactical High Energy Laser and the Liquid Booster Development Program.
Mission Systems also serves as prime contractor for the nation’s premier
missile defense wargaming and test facility, the Joint National Integration
Center in Colorado Springs.

Northrop Grumman Mission Systems, based in Reston, Va., is a global
integrator of complex, mission-enabling systems and services for defense,
intelligence and civil government markets. The sector’s technology leadership
and expertise spans areas such as strategic systems, including ICBMs; missile
defense; intelligence, surveillance and reconnaissance; command and control;
and technical services and training.

Northrop Grumman Corporation is a $25 billion global defense company,
headquartered in Los Angeles, Calif. Northrop Grumman provides
technologically advanced, innovative products, services and solutions-systems
integration, defense electronics, information technology, advanced aircraft,
shipbuilding, and space technology. With approximately 120,000 employees and
operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and
international military, government and commercial customers.

SpaceRef staff editor.