Advertisement

AEROSPACE

Share
Times Staff and Wire Reports

Litton Agrees to Drop Contract: The Woodland Hills-based firm, which plans to buy computer services provider PRC Inc., agreed to divest a $40-million PRC contract for computer engineering help on the Navy’s Aegis destroyer program, the Federal Trade Commission said. Litton Industries Inc. did so to settle FTC charges that its $425-million purchase of McLean, Va.-based PRC from Black & Decker Corp. would violate antitrust laws. Litton and General Dynamics Corp. are the two builders of Aegis destroyers, and the FTC asserted the PRC deal, among other things, would allow Litton access to “competitively sensitive, nonpublic information” about General Dynamics.

Advertisement