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Northrop Board Approves New $4B Share Buyback Plan, Increases Dividend; Wes Bush Comments
Wes Bush
Northrop Grumman‘s (NYSE: NOC) board of directors has approved a plan to repurchase $4 billion of the company’s common stock with the goal of retiring nearly 25 percent of the company’s outstanding shares byBudget Year the end of 2015.
Northrop has 235 million shares outstanding as of March 31 and will use available cash balances...
Northrop Wins $555M to Update AF Global Hawks
Northrop Grumman (NYSE: NOC) has won a potential $555.6 million contract to manage configurations and data for the U.S. Air Force‘s Global Hawk unmanned aerial vehicle fleet.
The Air Force will issue delivery or task orders to Northrop under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Monday.
Orders will include...
Northrop to Update Navy Growler Electronic Systems
Northrop Grumman (NYSE: NOC) has won a $7 million delivery order to update electronic attack systems used on the U.S. Navy‘s fleet of EA-16G Growler jets, built byBudget Year Boeing (NYSE: BA).
The order is a ceiling-priced award under a basic ordering agreement, the Defense Department said Thursday.
Work will occur in Elkridge, Md. through May...
Northrop Selects Curtiss-Wright RF Systems for Navy Program; Tom Quinly Comments
Northrop Grumman (NYSE: NOC) has awarded Curtiss-Wright Controls an initial $1 million contract to supply a digital radio frequency system to the U.S. Navy.
Future contracts for the Navy’s Integrated Topside program could be worth more than $50 million, Curtiss-Wright Controls said Tuesday.
The company will also supply commercial-offOffice Forms...
John Pranzatelli Promoted to MBDA Inc. President
John Pranzatelli
John Pranzatelli has been promoted to president of MBDA Inc., the U.S. operations of global missile systems maker MBDA Group.
He will work with U.S. military customers and partners to develop new products and be responsible for growing the MBDA Group’s presence in the U.S. market, MBDA Inc. says on its website.
BAE Systems, EADS...
BAE, General Dynamics Win $340M in Ground Combat Vehicle Tech Extensions
BAE Systems and General Dynamics (NYSE: GD) have won an estimated $340 million combined in contract modifications to continue developing technology for a future U.S. Army ground combat vehicle.
The Army awarded BAE $159,481,403 and General Dynamics $180,399,976 to continue work for six more months, the Defense Department said Tuesday.
Two years ago, the...
Northrop to Demo DARPA Navigation System on Android; Charles Volk Comments
Northrop Grumman (NYSE: NOC) has won an 18-month contract to demonstrate an open architecture navigation system on an Android mobile device for the Defense Advanced Research Projects Agency.
Under the follow-on contract, the company will aim to present the system’s scalability across different types of systems and its plug-and-play features, Northrop...
Northrop to Help Run Army Enterprise Web Portal
Northrop Grumman (NYSE: NOC) has won a potential $56.7 million contract from the U.S. Army to help operate a web-based portal that provides users classified and unclassified access to features such as email and instant messaging.
The contract for the Army Knowledge Online Enterprise Services system contains one base year and one option year, according...
Rich Sorelle Promoted to Exelis Electronic Systems Lead
Rich Sorelle
Rich Sorelle, former ITT Exelis (NYSE: XLS) vice president and general manager of integrated electronic warfare systems, has been promoted to president of the electronic systems division.
The 16-year company veteran and former Northrop Grumman (NYSE: NOC) executive will be responsible for the division’s performance, strategy, leadership...
Constance Soloway Named Northrop Electronic Systems HR Lead
Constance Soloway
Constance Soloway, a 28-year veteran of Northrop Grumman (NYSE: NOC), has been appointed vice president of human resources in the electronic systems sector.
The appointment takes effect immediately and she will report to Gloria Flach, corporate vice president and president of the sector, Northrop said Wednesday.
Soloway will be responsible...





