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Search Results for: Wes Bush

Northrop Reports 10% Rise in Q2 2018 Sales; Wes Bush Comments

Northrop Grumman (NYSE: NOC) posted $7.1 billion in sales for the second quarter of fiscal 2018, up 10 percent from the same period last year. The company said Monday it recorded $689 million in Q2 net earnings, showing a 24 percent increase from the prior year period, and saw its backlog …

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Kathy Warden to Succeed Wes Bush as Northrop CEO in 2019

Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC) and a three-time Wash100 recipient, has been elected to serve as president and CEO of the company in a move slated to take effect Jan. 1. She will succeed Wes Bush, who will continue to serve as chairman …

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Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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Former AF Chief of Staff Mark Welsh Joins Northrop Board of Directors; Wes Bush Comments

Mark Welsh III, a retired U.S. Air Force general and current dean of the Bush School of Government and Public Service at Texas A&M University, has joined the board of directors at Northrop Grumman (NYSE: NOC). Northrop expands its board of directors to 14 members with the addition of Welsh, the …

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Northrop 3Q Earnings, Revenue Beat Wall Street Forecasts; Wes Bush Discusses Reorg to Investors

Northrop Grumman (NYSE: NOC) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.75 per share, 56 cents higher Wall Street analyst forecasts and 59 cents more than the prior year period. The company posted a $516 million profit for the quarter and recorded $5.98 billion …

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Mark Caylor, Stephen Movius Add New Northrop Leadership Roles; Wes Bush Comments

Mark Caylor, a corporate vice president and president for enterprise shared services at Northrop Grumman (NYSE: NOC), has taken the additional role of chief strategy officer for the company. He adds corporate development and supply chain management to his work responsibilities and will continue to report directly to CEO Wes …

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William Hernandez Appointed to Northrop Board of Directors; Wes Bush Comments

William Hernandez, formerly chief financial officer and senior vice president at chemical manufacturer PPG Industries, has been elected to the board of directors at Northrop Grumman (NYSE: NOC). Hernandez’ election increases the number of Northrop board members to 13 and 12 of the directors are not employees, the company said Friday. “His …

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Northrop to Acquire Australia’s Qantas Airways Defense Unit; Wes Bush Comments

A Northrop Grumman Corp. (NYSE: NOC) subsidiary has reached an agreement to buy Qantas Airways’ defense business for an undisclosed amount as Northrop looks to further its international strategy. Northrop Grumman Australia Pty Ltd.’s acquisition of Qantas Defence Services Pty Ltd. could wrap up in 2014 after meeting several conditions, Northrop Grumman …

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Northrop Board Approves New $4B Share Buyback Plan, Increases Dividend; Wes Bush Comments

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 by the end of 2015. Northrop has 235 million shares outstanding as of March 31 and will …

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