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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 9, 1995
LITTON INDUSTRIES, INC.
(Exact name of registrant as specified in charter)
Delaware 1-3998 95-1775499
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
21240 Burbank Boulevard, Woodland Hills, California 91367
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (818) 598-5000
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Exhibit Index appears on Page 2
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Item 5. Other Events
As previously reported in the Registrant's Annual Report on Form 10-K for the
fiscal year ended July 31, 1994, on August 31, 1993 a U.S. District Court jury
rendered a verdict in favor of Litton against Honeywell, Inc. in the amount of
$1.2 billion. The jury found that Honeywell willfully infringed a Litton
patent relating to the manufacture of ring laser gyro navigation systems which
are used in commercial aircraft. The jury also found that Honeywell actively
induced a Litton licensee to infringe Litton's patent and Honeywell interfered
with Litton's prospective economic advantage.
In response to certain post trial motions filed by both Honeywell and Litton,
on January 9, 1995, the Court released a Memorandum of Decision finding
Litton's patent invalid and unenforceable. As a result, the Jury verdict was
overturned.
Item 7. Exhibits
99.1 Press Release issued by the Registrant on January 9, 1995
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LITTON INDUSTRIES, INC.
(Registrant)
By /s/ John E. Preston
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John E. Preston
Senior Vice President
January 10, 1995
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[LETTERHEAD OF LITTON CORPORATE]
FOR IMMEDIATE RELEASE
JUDGE DECLINES TO ENTER
$1.2 BILLION JURY AWARD TO LITTON
WOODLAND HILLS, CA, Jan. 9 -- U.S. District Court Judge Mariana
Pfaelzer declined to enter a jury verdict rendered in August 1993 in favor of
Litton in the amount of $1.2 billion in Los Angeles today. The jury earlier
found that Honeywell had willfully interfered with Litton's prospective
business and an agreement with a Litton licensee, and had willfully infringed a
Litton patent relating to the manufacture and production of precision ring
laser gyro navigation and guidance systems. In declining to enter the jury's
verdict, Judge Pfaelzer found Litton's patent to be invalid.
John M. Leonis, president and chief executive officer of Litton, stated
"We are disappointed that the judge disregarded the jury's verdict in this
matter. Litton believes the Court is in error in its findings and we will be
reviewing the Court's action and anticipate filing an appeal in the U.S. Court
of Appeals for the Federal Circuit. Litton has invested significant funds in
the development and production of this technology. We will continue to pursue
vigorously all available avenues of protecting our investment. In addition to
this patent infringement and related litigation, Litton has brought an
antitrust action against Honeywell which is scheduled to be heard in November
1995."
Litton is a leader in worldwide technology markets for advanced
electronic and defense systems, and a major designer and builder of surface
combatant ships for the U.S. Navy and allied nations.
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