Northrop revises cuts gain on TRW stock sale


NEW YORK, March 21 (Reuters) - Northrop Grumman Corp. has cut its expected after-tax gain on a sale of shares in TRW Holdings Corp. stock to $45 million, or 12 cents a share, from a previously announced $70 million, or 19 cents a share, the defense contractor said on Monday. Los Angeles-based Northrop Grumman said in a statement it would pay no cash taxes on the sale and would record a $25 million reduction of goodwill from the deal.

Premium Content (PAID Subscription Required)

"Northrop revises cuts gain on TRW stock sale" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×