Faster approvals could deliver a revenue hike in coming years to Pfizer Inc., AstraZeneca Plc, GlaxoSmithKline Plc and other multinationals that are expanding there.
The sale is part of a broader reorganization of GE Energy Connections & Lighting, the company’s least-profitable unit last year.
The talks for a tie up come as all three companies are facing increased competition from industry leader CRRC Corp. of China.
The companies flagged the possible loss of as many as 4,000 jobs, from a newly combined workforce of about 48,000.
The push is part of ABB’s broader ambition to surpass Fanuc Corp. as the top global provider in robotics and automation.
The deal expands Northrop’s product line-up in areas such as rocket propulsion, composites and munitions.
The chargers will deliver less power than those located along highways or at longer-distance destinations.