Acquisition of Northrop Grumman Term Paper Example | Topics and Well Written Essays - 2000 words

Acquisition of Northrop Grumman - Term Paper Example The primary objective of this paper is to recognize the overall structure of the company and whether acquiring it in order to obtain the company’s technological patent rights is a profitable venture or not. This paper has been formed by also considering the long-term future perspectives of the firm. Northrop Grumman was formed in the year 1994, by way of the purchase by Northrop. It is headquartered in Virginia, United States (Northrop Grumman, 2014). Northrop Grumman is one of the largest companies dealing in defense and aerospace technology. The main business sectors of the company are Aerospace systems, Electronic systems, Information systems and Technical services. The core values on which the firm is based on are quality, customer satisfaction, leadership as a company and as individuals, integrity in all actions as well as valuing employees and suppliers as effective members of the firm. Excellence, speed, collaboration and open communication are some of the key elements of behavior observed in this company. The firm gives adequate importance to its corporate responsibilities, ethics and business conduct. It uses advanced technology to deliver the best performance and to provide high-quality service for clients located across the globe. The security solutions provided by Northrop Grumman are highly innovative and is developed keeping in mind the importance of security and freedom for nations worldwide. Delivering such service is considered by them as not only a part of business goals but also a moral responsibility. Such values and philosophies make this company stand tall. Northrop Grumman aims at delivering technology solutions at maximized cost efficiency. They also pay attention towards developing innovative technical solutions for which they have formed an effective team of researchers and scientists who work towards discovering new and effective ways of dealing with aerospace and defense.