Northrop Grumman’s (NYSE: NOC) board of directors has elected finance executive Kenneth Crews to succeed the retiring Dave Keffer as the company’s chief financial officer, effective Oct. 1. The Falls Church, Virginia-based company said Tuesday Keffer intends to retire on Feb. 21 to spend more time with his family. Crews, currently vice president...
The U.S. Navy has awarded eight companies contract options worth $1.86 billion combined to continue providing professional management and technical services in support of the military branch’s cyberspace operation systems and capabilities. The award exercises the second option year of a previously awarded indefinite-delivery/indefinite-quantit...
Northrop Grumman (NYSE: NOC) has secured a $169.7 million contract to provide sustainment engineering and logistics support services for the MQ-4C Triton remotely piloted aircraft systems of the U.S. Navy and Australian air force. The contract covers the provision of life cycle program planning, spare and repair parts, support equipment, engineering...
Northrop Grumman (NYSE: NOC) has received a potential five-year, $7 billion contract from the U.S. Air Force to provide modernization and sustainment support services for the B-2 Spirit stealth bomber. The Department of Defense said Thursday the sole-source, indefinite-delivery/indefinite-quantity contract includes software maintenance, engineering,...
John Nichols, a 25-year aerospace industry veteran, has joined Fornax Advanced Materials as vice president and chief scientist. In a LinkedIn post published Friday, the Chicago-based company said Nichols brings over two decades of experience supporting major satellite development efforts for NASA and the Department of Defense to his position. Nichol...
The Department of Homeland Security has established the Artificial Intelligence Safety and Security Board responsible for providing advice about AI technology’s safe and secure development and deployment in U.S. critical infrastructure. The board consists of more than 20 technology and critical infrastructure executives, including Wash100 awar...
Northrop Grumman (NYSE: NOC) gained $10.1 billion in sales during the first quarter of 2024, up 9 percent from the $9.3 billion it posted in the same period last year, and reported net earnings of $944 million, or $6.32 per diluted share. The company, in a Thursday announcement, attributed the sales growth to higher sales...
The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: ...
Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for...
Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
