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Industry Icon Key Matchmaker in Merger of Northrop, TRW Newspaper Clipping, July 30, 2002
Industry Icon Key Matchmaker
in Merger of Northrop, TRW
Aerospace: Simon
the nation's first intercontinental
not be identified, said Ramo was
ballistic missiles.
instrumental in working behind
Ramo, 89, saw benefits
Simon Ramo, 89, who co-
the scenes to bring the haggling
of the marriage early
founded TRW in the 1950s, is
companies together, often acting
credited with helping bring to-
as the "sounding board" and ulti-
on.
gether Northrop Grumman and
mately a key source of intelli-
TRW, making him one of the old-
gence for both sides.
By PETER PAE
est matchmakers in corporate
Northrop Chairman Kent Kresa
America.
TIMES STAFF WRITER
was coy about Ramo's exact role,
After more than four months of
but acknowledged that Ramo
The $7.8-billion merger be-
wrangling, Northrop and TRW
"certainly understood the impor-
tween Northrop Grumman Corp.
struck a friendly deal earlier this
tance of the marriage" and "he
and TRW Inc. had all the players
month to create the nation's sec-
talks to a lot of people and he's in-
typical in a big corporate deal:
ond-largest military contractor. It
volved in everything."
Wall Street bankers, lawyers and
culminated Northrop's remark-
Ramo declined to comment
top corporate executives.
able transformation from a strug-
about the scope of his involve-
But a key role in orchestrating
gling bit player to a defense in-
ment, saying only that "acquisi-
the deal was played by someone
dustry powerhouse.
tions and mergers are always un-
unrecognized as being a power
Ramo retired from TRW nearly
der discussion."
broker, a man-many years older
a quarter century ago. But execu-
"I know a lot of people in the in-
AWRENCE Ho / Los Angeles Times
than Pope John Paul II-who un-
tives and directors for both
dustry. Many of them worked for
til recently was known for his vio-
Northrop and TRW, most of
me, SO when they call and ask for
Simon Ramo, the "R" in TRW says of his role in its merger with Northrop: "I know a lot of people in
lin playing and as an architect of
whom spoke on condition they
Please see RAMO, C14
the industry. Many of them worked for me, so when they call and ask for advice, I give it to them."
Times 7/30/02
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Industry Icon Key Matchmaker in Merger of Northrop, TRW Newspaper Clipping, July 30, 2002
Peter Pae writes about Simon Ramo and his life and the merger of Northrop and TRW.