LPC: Northrop Grumman scores biggest US defense acquisition loan in 6 years
September 18, 2017 at 14:05 PM EDT
NEW YORK, Sept 18 (Reuters) - Global defense and security systems company Northrop Grumman is backing its US$9.2bn purchase of aerospace and defense technology company Orbital ATK with an US$8.5bn bridge loan, the largest loan for an acquisition by an investment-grade company in the sector in six years.