Northrop Grumman Corporation announced today that in order to provide the government the time
necessary to review its pending acquisition of Litton Industries Inc.
, the company has voluntarily withdrawn its Hart-Scott-Rodino
(HSR) notification of Jan. 4, 2001, which commenced the governmental and regulatory review process.
The company stated that it continues to have positive and productive discussions with the government and expects to re-file its HSR notification in a timely manner. Northrop Grumman also said that it plans to provide the European Union regulatory authorities with the required filings before the end of this month. The company added that it expects to complete U.S. and European regulatory approvals by the end of the first quarter of 2001.