Northrop said it intends to sell its...

Northrop said it intends to sell its Northrop Worldwide Aircraft Services Inc. to a new corporation to be formed by Corporate Acquisitions Inc. of Dallas and Matrix Equity Group of Los Angeles. Terms of the deal were not disclosed, but aerospace analysts said the Lawton, Okla.-based unit was worth substantially less than $100 million. Northrop did not disclose the unit’s sales, but they were estimated at about $100 million annually. Matrix is a privately held firm, whose principals are William Rogers and Thomas J. Barrack. Analysts say Corporate Acquisitions is funded by the Bass family of Texas.