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The Deal: The Northrop Grumman Corp. has agreed to purchase Litton Industries Inc. for $3.8 billion. The acquisition gives Grumman's defense-electronics and information-systems operations a boost and also launches it into the shipbuilding business. According to the terms of the deal, Grumman will also assume $1.3 billion in Litton debt.
Discussion: Litton Industries Inc.'s...





