How they do it at Northop Grumman

In some ways Northrop Grumman presents a big challenge for investor relations. A year ago Northrop completed what amounted to a hostile takeover of Grumman, which had agreed a merger with Martin Marietta. Both companies' businesses were concentrated in the defence sector which, although it was holding up much better than anyone expected in the post Cold War environment, was no longer quite the ready cash generator it had been in the glory days of Ronald Reagan. In addition, a Congressional