Northrop Grumman Agrees to Acquire Australian Cybersecurity Company M5 Network Security
FALLS CHURCH, Va., June 7, 2012 /PRNewswire/ — Northrop Grumman Corporation (NYSE: NOC) announced that it has signed a definitive agreement to acquire privately held M5 Network Security Pty Ltd, a Canberra, Australia-based provider of cybersecurity and secure mobile communications products and services, and advanced analytics to Australian military and intelligence organizations.
The acquisition is subject to Australian government review. Terms of the transaction, which is expected to close later this year, were not disclosed. The acquisition is not material to Northrop Grumman’s 2012 financial outlook.
“This acquisition enhances our ability to provide innovative, agile and proven cybersecurity and communication solutions to Australian customers,” said Wes Bush, Northrop Grumman chairman, chief executive officer and president.
“M5 Network Security remains committed to maintaining the highest level of performance and service for our customers. We expect that as part of Northrop Grumman, our customers also will benefit from the cybersecurity leadership and extensive resources that Northrop Grumman can bring to M5 Network Security and its employees,” said Matthew Wilson, managing director, M5 Network Security.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
This release contains statements, other than statements of historical fact, which constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” “guidance,” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to update or revise any forward-looking statements after the date of this announcement. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission.
SOURCE Northrop Grumman Corporation