Northrop Acquires Fibersense Technology
From Bloomberg News
Northrop Grumman Corp. bought navigation-systems maker Fibersense Technology Corp. for $44 million in cash.
The acquisition will help Northrop develop fiber optic gyroscope-based navigation systems, the company said. Fibersense, of Canton, Mass., makes the systems for missiles, aircraft and other uses.
Shares of Northrop rose $3.10 to $94.36 on the NYSE.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
