LOS ANGELES: Northrop Grumman says it has agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. for $1.65 billion in cash.
The No. 2 U.S. defense contractor said Sunday it will use the proceeds to fund a new $1.1 billion increase to its stock buyback program.
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