Northrop Grumman Completes sale of TASC

Northrop Grumman announced Friday the conclusion of its sale of TASC, Inc., its advisory services business, to a group of investors led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. TASC was sold for $1.65 billion.

Credit Suisse and Goldman Sachs represented Northrop Grumman in the deal and Fried, Frank, Harris, Shriver & Jacobson LLP served as Northrop Grumman’s legal advisors.

TASC is now the first company that was formerly part of a major government contractor to become independent and non-conflicted.

You may also be interested in...

QuantiTech

QuantiTech Buys Spaceflight Engineering Firm DCI; Darryl Wortman Quoted

QuantiTech, a technical engineering services provider to the government sector, has purchased Dynamic Concepts Inc. for an undisclosed sum in a move to expand work with NASA across human spaceflight programs.

Seth Moore CEO T-Rex Solutions

T-Rex Solutions Buys Zot in Intell Community Services Expansion Push; Seth Moore Quoted

T-Rex Solutions has acquired information technology engineering services firm Zot for an undisclosed sum as part of efforts to expand its presence in the intelligence community and broaden its IT management service offerings to national security agencies.