Litton Explores Sale of Advanced Electronics Division - TheStreet

Litton Industries

(LIT) - Get 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.

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