Northrop Grumman, Carlyle Complete Sale
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Northrop Grumman Corp. completed the $843-million sale of its commercial aircraft structures business to Carlyle Group. The unit, with about 6,000 employees, builds fuselages for the Boeing 747 and other Boeing passenger jets at plants in California, Texas, Georgia and Florida, Century City-based Northrop said in a news release. In addition to the cash payment, Carlyle Group will assume about $400 million in unfunded retirement benefits. Carlyle said it will change the name of the unit to Vought Aircraft Industries Inc. The companies announced the sale in June.
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