Serco completed the acquisition of US defence business from Northrop Grumman for $327m.

Serco, a multinational defence, health, space, justice, migration, customer services, and transport company, completed the acquisition of US defence business from Northrop Grumman, an aerospace and defense company, for $327m. "Following this acquisition, defence will be our largest sector, representing approximately 40% of Group revenue1, with operations in all our major geographies. North America will represent approximately 50% of Group underlying operating profit," Anthony Kirby, Serco Group Chief Executive.