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Litton Industries

(LIT) - Get Global X Lithium & Battery Tech ETF Report

is exploring the sale of its

Advanced Electronics

group, which consists of 12 divisions that make up the company's navigation and electronic warfare businesses.

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The division employs 9,500 workers and is involved in airborne avionics systems, inertial navigation, electronic warfare, night vision equipment and laser systems.

The division generated $1.6 billion in revenue for fiscal 2000, out of Litton's total revenue of $5.6 billion.

Shares of Litton were recently trading up $2.63, or 5.7%, to $48.38 on the

New York Stock Exchange

.