Serco Acquires Northrop Grumman's Defense Business for $327 Million
Serco Acquires Northrop Grumman's Defense Business for $327 Million

Serco Acquires Northrop Grumman's Defense Business for $327 Million

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Serco Group's U.S. subsidiary has announced its acquisition of Northrop Grumman's mission training and satellite ground network communications software business for $327 million. This strategic acquisition aims to enhance Serco's capabilities and growth potential in the U.S. defense market, which is the largest in the world. With this deal, Serco expects to exceed $2 billion in revenue and $200 million in profit, while also broadening its customer base both in North America and internationally. CEO Mark Irwin emphasized that the acquisition aligns with the U.S. military's focus on improving warfighting standards through advanced technology. The transaction is anticipated to close in mid-2025, pending regulatory approvals. Following the announcement, Serco's shares saw an increase of nearly 4%.

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