UPDATE 2-Bidding war for defense firm TRW heats up


(releads, adds bylines, details throughout, New York dateline) By Arindam Nag and Daniel Morrissey NEW YORK/LONDON, June 25 (Reuters) - The bidding war for defense and auto parts maker TRW Inc heated up on Tuesday with Northrop Grumman Corp. raising an earlier offer to about $7.2 billion and three other companies bidding for its defense assets, sources familiar with the talks said. The competition for TRW comes at time the U.S. government and some of its allies are raising defense ...

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