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Northrop Grumman Corporation is an American global aerospace and defense technology company formed by Northrop's 1994 purchase of Grumman. The company was the fifth-largest arms trader in the world in 2015. Northrop Grumman employs over 85,000 people worldwide. It reported revenues of $24.508 billion in 2016. Northrop Grumman ranks No. 124 on the 2015 Fortune 500 list of America's largest corporations and ranks in the top ten military-friendly employers. It is headquartered in West Falls Church, Virginia.