HEXCEL SELLS PLANT TO NORTHROP GRUMMAN, KEEPS TECHNOLOGY LICENSES

Composites-specialist Hexcel, struggling to emerge from bankruptcy protection, sold its Chandler, Ariz., honeycomb plant to Northrop Grumman for $30 million, Hexcel said, adding that it will book a $16 million gain on the deal. Northrop Grumman, prime contractor for the B-2, has said it is buying...

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