Consulting firm McAleese & Associates has released a new report listing several defense programs under the “watchlist” of Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC).
Jim McAleese, founder and principal at McAleese & Associates, said those include the U.S. Air Force’s Ground Based Strategic Deterrent competition, Overhead Persistent Infrared Geosynchronous, U.S. Navy‘s Next-Gen Jammer Low-band and “restricted space” programs.
“Many of the things that we are pursuing are awards in the 2020 timeframe…For the OPIR programs, we have both the ‘GEO’ payload, as well as the OPIR Polar satellite program,” Warden, a three-time Wash100 recipient, said during the company’s third-quarter earnings call on Wednesday, Oct. 24.
Also included in Warden’s watchlist are the OPIR “Block 1” competition in 2022, the Integrated Air and Missile Defense Battle Command System and Common Infrared Countermeasures program of the U.S. Army as well as the U.S. Marine Corps’ Ground/Air Task Oriented Radar initiative.
Warden, who will succeed Wes Bush as Northrop CEO in January, said the company expects “revenue-synergies” to become evident in the coming year and plans to pursue work in hypersonics, precision munitions and space.
Northrop saw its sales rise 23 percent to $8.1B in Q3 2018, according to the McAleese report.
The company recorded a 29 percent increase in Q3 2018 segment operating income to $979M and $1.2B in corporate operating income, up 41 percent from the prior year period.
Northrop’s Q3 earnings per share rose 78 percent to $6.54 per share, while its backlog reached $52.6B in the previous quarter.