Litton Industries Inc., founded in 1953 and headquartered in Woodland Hills, California, specializes in aerospace and defense technologies. The company provides advanced systems for military and commercial applications, including avionics, radar systems, and satellite communications.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NOC 7.75% 2026-03-15 USDLitton Industries Inc. | United States | 2026-03-15 | 7.750 | 8.33 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Litton Industries began issuing bonds in the early 1990s to finance its expansion and acquisitions. Notably, its 1996 bond offering raised $500 million to support the acquisition of a key competitor, enhancing its market position. As of 2023, the yield on Litton's corporate bonds is competitive at 4.2%, slightly above the industry average, reflecting investor confidence in its robust financial health and growth prospects. Recent news highlights plans for a new bond issuance to fund research and development initiatives aimed at next-generation defense solutions.