Northrop Grum­man Aus­tralia to ac­quire Qan­tas Group’s de­fence ser­vices busi­ness


Northrop Grum­man Aus­tralia Pty Limited, a sub­sidiary of Northrop Grum­man Cor­po­ra­tion, an­nounced that it has signed a de­fin­i­tive agree­ment with Qan­tas Air­ways Limited to ac­quire Aus­tralia-based Qan­tas De­fence Ser­vices Pty Limited. QDS pro­vides in­te­grated lo­gis­tics, sus­tain­ment and mod­erni­sa­tion sup­port to the Aus­tralian Govern­ment and mil­i­tary cus­tomers. The ac­qui­si­tion is sub­ject to var­i­ous con­di­tions and is ex­pected to close in 2014. Terms of the trans­ac­tions were not dis­closed.

“QDS com­ple­ments our cur­rent in­te­grated lo­gis­tics and mod­ern­iza­tion ef­forts and ad­vances our in­ter­na­tional strat­egy. We ex­pect QDS will pro­vide an im­por­tant plat­form for in­ter­na­tional growth in our key fo­cus ar­eas of un­manned, C4ISR, cyber, and lo­gis­tics and mod­erni­sa­tion,” said Wes Bush, Northrop Grum­man Chair­man, Chief Ex­ec­u­tive Of­fi­cer and Pres­i­dent.

“Northrop Grum­man’s in-coun­try rev­enue and foot­print are sig­nif­i­cantly en­hanced by the QDS ac­qui­si­tion, un­der­scor­ing our com­mit­ment to the Aus­tralian and re­gional de­fence mar­kets,” said Ian Irv­ing, Northrop Grum­man Chief Ex­ec­u­tive for Aus­tralia.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.