Northrop Grumman Completes Acquisition of Mannesmann Dematic Postal Automation S.A. Business;

New Company To Be Called Solystic



Apr 24, 2001, 01:00 ET from Northrop Grumman Corporation

    LOS ANGELES, April 24 /PRNewswire Interactive News Release/ -- Northrop
 Grumman Corporation (NYSE:   NOC) announced today that it has acquired
 Mannesmann Dematic Postal Automation S.A. (MDPA), a leading European-based
 manufacturer of postal sorting equipment.  Terms of the sale were not
 disclosed.
     MDPA will be known as Solystic S.A., a Northrop Grumman company, and will
 operate as a wholly-owned subsidiary of the corporation.  Solystic, which has
 approximately 700 employees, will report into the Automation and Information
 Systems Division (A&IS), a business unit of the company's Electronic Sensors
 and Systems Sector (ES3), headquartered in Baltimore, Md.
     The Solystic business base complements Northrop Grumman's position in
 automation and systems integration for postal service and parcel courier
 sortation and delivery customers.  In addition, the acquisition will provide
 further international growth for A&IS.
     Solystic has a worldwide presence with customers in more than
 20 countries.  Key customers include La Poste in France, the United Kingdom
 and the United States Postal Service (USPS).
     "Solystic's core capabilities and strong international customer base are
 an excellent fit for our business," said Mitch Mroz, vice president of
 Northrop Grumman's A&IS Division.  "ES3 continues to focus on high-growth
 businesses that dovetail with, and enhance, our business strategies."
     Pierre Andre Barriere, president and chief executive officer of Solystic,
 said, "We will continue to grow as we combine resources to further enhance our
 ongoing relationships with our postal customers worldwide."
     Solystic is recognized as the world leader of flat mail (magazines,
 catalogs and circulars) automation equipment.  A key product of the
 French-based company is the AFSM-100, known in Europe as TOP FSM, a machine
 that sorts "flats" at more than twice the speed and at less operating cost
 than existing USPS flat sorters.
     The AFSM-100 is currently being built and installed by a team comprising
 Rapistan Systems and Northrop Grumman A&IS.  The team is currently under
 contract with USPS to install 537 machines throughout the United States.
 Additionally, the team has a contract with the British Royal Mail to deploy
 the next generation of flats sorting machine, the TOP 2000, a system with a
 capacity of 40,000 pieces per hour.
     Other Solystic products include STAR, a letter sortation system capable of
 sorting 53,000 pieces of mail an hour; MARS, a local post office delivery
 point sequencing system; and advanced optical character recognition and video
 encoding equipment and software.
 
     Northrop Grumman Automation & Information Systems has been providing
 automation design, equipment fabrication, field deployment, and logistics
 support to the USPS for more than 11 years.  Solystic has been a leader in the
 postal automation market for nearly 50 years.  This acquisition builds upon
 the existing solid base of business and positions Northrop Grumman and
 Solystic to grow together into the future.
     Northrop Grumman's ES3 is a leading designer, systems integrator and
 manufacturer of defense electronics and systems, airspace management systems,
 marine systems, precision weapons, space systems, logistics services, and
 automation and information systems.
     Northrop Grumman Corporation is a $15 billion, global aerospace and
 defense company with its worldwide headquarters in Los Angeles.  Northrop
 Grumman provides technologically advanced, innovative products, services and
 solutions in defense and commercial electronics, systems integration,
 information technology and non-nuclear shipbuilding and systems.  With
 80,000 employees and operations in 44 states and 25 countries, Northrop
 Grumman serves U.S. and international military, government and commercial
 customers.
 
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                http://tbutton.prnewswire.com/prn/11690X01492767
 
 

SOURCE Northrop Grumman Corporation
    LOS ANGELES, April 24 /PRNewswire Interactive News Release/ -- Northrop
 Grumman Corporation (NYSE:   NOC) announced today that it has acquired
 Mannesmann Dematic Postal Automation S.A. (MDPA), a leading European-based
 manufacturer of postal sorting equipment.  Terms of the sale were not
 disclosed.
     MDPA will be known as Solystic S.A., a Northrop Grumman company, and will
 operate as a wholly-owned subsidiary of the corporation.  Solystic, which has
 approximately 700 employees, will report into the Automation and Information
 Systems Division (A&IS), a business unit of the company's Electronic Sensors
 and Systems Sector (ES3), headquartered in Baltimore, Md.
     The Solystic business base complements Northrop Grumman's position in
 automation and systems integration for postal service and parcel courier
 sortation and delivery customers.  In addition, the acquisition will provide
 further international growth for A&IS.
     Solystic has a worldwide presence with customers in more than
 20 countries.  Key customers include La Poste in France, the United Kingdom
 and the United States Postal Service (USPS).
     "Solystic's core capabilities and strong international customer base are
 an excellent fit for our business," said Mitch Mroz, vice president of
 Northrop Grumman's A&IS Division.  "ES3 continues to focus on high-growth
 businesses that dovetail with, and enhance, our business strategies."
     Pierre Andre Barriere, president and chief executive officer of Solystic,
 said, "We will continue to grow as we combine resources to further enhance our
 ongoing relationships with our postal customers worldwide."
     Solystic is recognized as the world leader of flat mail (magazines,
 catalogs and circulars) automation equipment.  A key product of the
 French-based company is the AFSM-100, known in Europe as TOP FSM, a machine
 that sorts "flats" at more than twice the speed and at less operating cost
 than existing USPS flat sorters.
     The AFSM-100 is currently being built and installed by a team comprising
 Rapistan Systems and Northrop Grumman A&IS.  The team is currently under
 contract with USPS to install 537 machines throughout the United States.
 Additionally, the team has a contract with the British Royal Mail to deploy
 the next generation of flats sorting machine, the TOP 2000, a system with a
 capacity of 40,000 pieces per hour.
     Other Solystic products include STAR, a letter sortation system capable of
 sorting 53,000 pieces of mail an hour; MARS, a local post office delivery
 point sequencing system; and advanced optical character recognition and video
 encoding equipment and software.
 
     Northrop Grumman Automation & Information Systems has been providing
 automation design, equipment fabrication, field deployment, and logistics
 support to the USPS for more than 11 years.  Solystic has been a leader in the
 postal automation market for nearly 50 years.  This acquisition builds upon
 the existing solid base of business and positions Northrop Grumman and
 Solystic to grow together into the future.
     Northrop Grumman's ES3 is a leading designer, systems integrator and
 manufacturer of defense electronics and systems, airspace management systems,
 marine systems, precision weapons, space systems, logistics services, and
 automation and information systems.
     Northrop Grumman Corporation is a $15 billion, global aerospace and
 defense company with its worldwide headquarters in Los Angeles.  Northrop
 Grumman provides technologically advanced, innovative products, services and
 solutions in defense and commercial electronics, systems integration,
 information technology and non-nuclear shipbuilding and systems.  With
 80,000 employees and operations in 44 states and 25 countries, Northrop
 Grumman serves U.S. and international military, government and commercial
 customers.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X01492767
 
 SOURCE  Northrop Grumman Corporation