LOS ANGELES - Northrop Grumman today announced plans to close its Interconnect Technologies (ITD) business in Springfield, Mo., and exit the business of manufacturing printed circuit boards for third parties, effective July 31, 2007. ITD was acquired as part of Northrop Grumman's acquisition of Litton, Inc. in 2001.
The actions resulted from an ongoing analysis of the company's operations based on strategic alignment, profitability and cash generation criteria. The plant is currently operating at about 25 percent of capacity.
