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Litton Industries, Inc. 6.98% 15-MAR-2036

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Key terms


Outstanding amount
‪34.72 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
6.98% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.94%
Maturity date
Mar 15, 2036
Term to maturity
11 years

About Litton Industries, Inc. 6.98% 15-MAR-2036


Issuer
Litton Industries, Inc.
Sector
Electronic Technology
Industry
Aerospace & Defense
Issue date
Mar 19, 1996
FIGI
BBG0000144Z5
Litton Industries, now owned by Northup Grumman, is a company built on vacuum tubes and early computers. Charles Litton, Sr., was a scientist working at Stanford University in the 1930s when radio was the major technology of the day. By 1932, he had started his own business, using an invention hed developed to mass-produce glass radio transmitting tubes. In these early days of the company, Litton Industries was primarily focused on supplying the burgeoning radio industry, and exploring the generation and interception of radio waves.
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