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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 Grumman‘s (NYSE:NOC) board of directors has approved an increase in the company’s outstanding share repurchase authorization to $2 billion in common stock, the company announced Wednesday.
The company reported itInformation Technology had 248 million shares outstanding and $1.1 billion remaining on its share repurchase authorization...
Northrop Grumman Corp. (NYSE: NOC) has made a series of executive appointments as two of its sector presidents announced their intentions to retire, the company announced Tuesday.
Check out our coverage on GovCon Executive for the related succession plans in the aerospace systems and electronic systems sectors.
Each executive will report...
Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors.
The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors centralizing in the area.
Northrop Grumman (NYSE: NOC) has elected Thomas M. Schoewe, former executive vice president and chief financial officer of Wal-Mart Stores Inc., to its board of directors.
Schoewe served those roles between 2000 and 2010. He previously was senior vice president and CFO for Black and Decker Corp.
Schoewe also serves on the boards of directors of Kohlberg...
Northrop Grumman‘s (NYSE: NOC) board of directors has elected company CEO and President Wes Bush as its chairman, effective immediately.
Bush has served on the board since 2009. At Northrop, he has been president and chief operating officer, corporate vice president and chief financial officer and president of the former space technology sector.
Northrop Grumman (NYSE: NOC) will announce its second-quarter 2011 financial results July 27, 2011.
The company will hold a conference call that day at 11:30 a.m. EST, which will be webcast live on Northrop Grumman’s website. Participants will include President and CEO Wes Bush and CFO Jim Palmer.
Boeing Company (NYSE: BA) will release its...
Northrop Grumman Corporation (NYSE: NOC) announced this week its annual shareholders meeting is scheduled for today.
Northrop’s CEO Wes Bush will conduct the meeting, which will be webcast at 8 a.m. EST. A replay of the webcast will be available on the company’s website for two weeks.
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Sheila C. Cheston has come on board at Northrop Grumman (NYSE:NOC) to serve as corporate vice president and general counsel.
She takes over for Stephen D. Yslas, who is retiring Dec. 31, 2010.
Yslas will remain on as corporate vice president with the company until his retirement.
“We are delighted to welcome Sheila Cheston, a seasoned and highly...
Northrop Grumman (NYSE:NOC) reported the following financial information: “second quarter 2010 earnings from continuing operations increased to $711 million, or $2.34 per diluted share, from $368 million, or $1.13 per diluted share, in the second quarter of 2009. The 2010 second quarter included a tax benefit of $296 million, or $0.97 per diluted...