Litton to Buy Software Unit From Black & Decker

Litton Industries Inc., a Woodland Hills-based maker of electronic systems, has agreed to buy PRC Inc. from the Black & Decker Corp. for about $425 million in cash.

PRC, based in McLean, Va., will have estimated 1995 sales of $720 million. PRC designs computer information systems for government and businesses.

The purchase will allow Litton to produce the software for its electronic command systems in-house rather than hire subcontractors, said Litton spokesman Bob Knapp. About half of PRC’s government contracts currently are related to defense, he said.

The acquisition is subject to review by the U.S. government.