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  • Friday, April 19, 2024

Northrop Eyes Expansion Through Australian Cyber Firm Buy; Wes Bush Comments

Northrop Grumman Corp. (NYSE: NOC) has agreed to acquire an Australian cybersecurity firm that works with military and intelligence organizations, Northrop announced Thursday.

Northrop did not disclose terms of the transaction and said the acquisition is not material to its 2012 financial outlook.

Chairman and CEO Wes Bush said in the release that adding M5 Network Security will expand Northrop’s cybersecurity and communications offerings in Australia.

M5, based in the country’s capital Canberra, provides cybersecurity, mobile communications products and services and advanced analytics to military and intelligence organizations.

The transaction is subject to review from the Australian government.

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