Northrop Grumman has agreed pay $55 million for the Inter-National Research Institute (INRI), a privately owned software developer, which specialises in tracking, command and control systems for the US military. INRI employs 500 and will bring sales of around $60 million to Northrop Grumman's growing information technology grouping. That business now stands at $1 billion after last year's Logicon acquisition and which is due to double again by 2002.
Source: Flight International