Northrop Grumman Buys Completes Buyout Of Xontech To Boost Missile Defense Offerings

Northrop Grumman Buys Xontech To Ensure Accurate Anti Missile Bid

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Los Angeles - Jul 25, 2003
Northrop Grumman said Thursday that it had completed its acquisition of XonTech, a Van Nuys, Calif.-based science and technology firm specializing in missile defense, and sensor and intelligence data analysis. The acquisition boosts the company's missile defense capabilities.

XonTech, with 450 employees, generated 2002 revenues of approximately $73 million. The company will be integrated into Northrop Grumman's Mission Systems sector headquartered in Reston, Va.

"Missile defense is one of the nation's great challenges, requiring the best the defense industry has to offer," said Donald C. Winter, president, Northrop Grumman Mission Systems and lead corporate executive for missile defense.

"XonTech's technology complements Northrop Grumman's expertise in data analysis and interpretation, phenomenology, sensors, radar design, algorithm development and modeling. XonTech's expertise and technology also strengthens our ability to develop the missile defense systems essential to countering 21st century threats."

Kenneth W. Schultz, XonTech's president and chief executive officer said, "For the past 20 years, the company has been dedicated to advancing the technologies required to field an effective U.S. missile defense. XonTech's employees are looking forward to making even greater contributions to this strategic imperative as part of Northrop Grumman."

Houlihan Lokey Howard & Zukin's Aerospace Defense Government Group served as exclusive financial advisor to XonTech.

MISSILE DEFENSE

Missile Defense Strategy Not Feasible Warns American Physical Society

Washington - Jul 16, 2003
Intercepting missiles while their rockets are still burning would not be an effective approach for defending the U.S. against attacks by an important type of enemy missile. This conclusion comes from an independent study by the American Physical Society into the scientific and technical feasibility of boost-phase defense, focusing on potential missile threats from North Korea and Iran.