CA sells Sterling to Northrup Grumman for $150M
- 19 September, 2000 12:37
Los Angeles-based defense contractor Northrup Grumman announced today that it has agreed to purchase Computer Associates International's Sterling Software for US$150 million.
Northrup Grumman said it would incorporate Sterling into its Logicon unit which had revenue of about $1.5 billion last year. If approved, the deal is expected to be completed by the end of next month.
The announcement comes about one month after CA announced a major restructuring as well as plans to shed some of its software units. Sterling Software had revenue of $159 million last year. The firm sells information systems to intelligence, government and space agencies.