Serco to Acquire Northrop Grumman’s Training Services Business

Northrop Grumman Corporation (NYSE: NOC) and Serco Inc., announced a definitive agreement for Serco Inc. to acquire Northrop Grumman’s training services business for $327 million in cash. The transaction is expected to close mid-year 2025, subject to regulatory approvals and customary closing conditions. This divestiture reflects Northrop Grumman’s strategy to focus on growing core businesses where technology and innovation are key differentiators. 

Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.

Note: Statements in this announcement contain or may contain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “anticipate,” “intend,” “may,” “could,” “should,” “plan,” “project,” “forecast,” “believe,” “estimate,” “guidance,” “outlook,” “trends,” “goals” and similar expressions generally identify these forward-looking statements. Forward-looking statements include, among other things, statements relating to the timing of the proposed sale. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of this release, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. Specific risks that could cause actual results to differ materially from those expressed or implied in these forward-looking statements include, but are not limited to: those identified and discussed more fully in the section entitled “Risk Factors” in the Form 10-K for the year ended December 31, 2023 and from time to time in our other filings with the Securities and Exchange Commission; the possibility that the conditions to closing the proposed sale may not be satisfied on a timely basis, or at all; and other events or circumstances that could adversely impact the completion of the proposed sale and other industry, political or economic conditions outside of our control.