A team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) has won a five-year, $985.3 million contract to build and demonstrate an air-launched, scramjet-powered weapon system designed to operate at a speed greater than Mach 5. The service branch is obligating $100 million for the Hypersonic Attack Cruise Missile procurement effor...
Mary Petryszyn, corporate vice president and president of the defense systems sector at Northrop Grumman (NYSE: NOC), intends to retire on Jan. 13, 2023, after a decadelong career at the company. Northrop said Thursday its board of directors chose Roshan Roeder, VP and general manager of the airborne multifunction sensors division under the mission ...
Northrop Grumman (NYSE: NOC) has agreed to share data with the U.S. Air Force related to the ongoing development of the B-21 Raider Long Range Strike Bomber and its virtual model. Under a signed agreement, USAF will have access to common data environments, including a cloud-based platform that houses a suite of ground systems data...
Mick Jaggers, a nearly 15-year veteran of Northrop Grumman (NYSE: NOC), has joined CAES to serve as vice president of program management at the Arlington, Virginia-headquartered aerospace and defense contractor. In a LinkedIn post Tuesday, he shared his transition from serving as a Northrop VP to joining the CAES team and organization. Jaggers worke...
LMI has elevated Joe Niehaus, a 23-year industry veteran, to senior vice president of the consultancy’s logistics service line and hired Zaki Saleh, formerly an executive at Peraton, to serve as SVP for the health and civilian market. Pete Pflugrath, executive VP of markets and growth at LMI, said in a statement released Monday the...
Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago. The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close...
Mustafa Veziroglu, former chief operating officer of CACI International’s (NYSE: CACI) SA Photonics subsidiary, has been named president of Mynaric (Nasdaq: MYNA) and member of the laser communication equipment manufacturer’s management board. He will be based at Mynaric’s headquarters in Munich, Germany, and oversee product develo...
Northrop Grumman (NYSE: NOC) stated an 8 percent year-over-year growth in space segment sales for the second quarter to $2.98 billion with the increase partially offsetting lower revenues at the company’s three other core business sectors. April-June sales were $8.80 billion, compared to $9.15 billion for the same period last year, and Northro...
Northrop Grumman (NYSE: NOC) has won a potential five-year, $3.29 billion contract from the Missile Defense Agency to design, build, test and deploy a next-generation weapon system for defending against ballistic missile strikes. The company will aim to produce Ground-Based Midcourse Defense software and hardware that would exceed the performance of...
Northrop Grumman (NYSE: NOC) has won a five-year, $533.8 million contract to manufacture fuze devices for U.S. Army artillery. The branch’s contracting command received two bids for the M782 multi-option fuze procurement via an online solicitation and expects work under the firm-fixed-price contract to be complete by July 26, 2027, t...
