Northrop Grumman Corporation is an American global aerospace and defense technology company formed by the 1994 purchase of Grumman by Northrop. The company was the fourth-largest defense contractor in the world as of 2010. Northrop Grumman employs over 68,000 people worldwide. It reported revenues of 25.218 billion in 2012. Northrop Grumman ranks No. 72 on the 2011 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.