UPDATE 3-Bidding war for defense firm TRW heats up

Newswire

(Updates with comment from analysts, latest shares) 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 its offer to about $7.2 billion, while three other companies vie for just its defense assets, sources familiar with the talks said. The competition for TRW comes as Washington and some of its allies boost defense spending following the Sept. 11 ...

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