Northrop Grumman (NYSE: NOC) will continue to provide logistics support for the U.S. Army‘s MQ-5B Hunter tactical unmanned aircraft systems under a two-year, $190.3 million contract. The Army Contracting Command received one bid for the cost-plus-fixed-fee contract and obligated $44.2 million at the time of award from the military branch’...
Northrop Grumman (NYSE: NOC) CEO Wes Bush described to investors Wednesday the aerospace and defense contractor’s moves to focus on affordability and make corporate-level investments to take costs out of programs such as the B-21 bomber in response to slower-growing budgets. Budgets have not expanded at the same speed as global secur...
Executive Mosaic’s GovCon Index traded higher against mixed activity in U.S. stock markets Wednesday for a second consecutive session on large contributions from Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) after both aerospace-defense companies boosted their full-year outlooks. GovCon Index advancers edged ...
Three of the world’s largest government contractors listed in both Executive Mosaic’s GovCon Index and the U.S. stock bellwether S&P 500 composite index released third quarter financial results before markets opened Wednesday. Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) all posted earnings per shar...
Northrop Grumman (NYSE: NOC) has secured a potential one-year, $35.8 million contract from the U.S. Navy to implement risk reduction efforts for the future MQ-25 unmanned carrier aviation air system. The Defense Department said Wednesday the company will work to refine concepts and develop trade space ahead of the engineering and...
Northrop Grumman™s (NYSE: NOC) technical services business has received two separate contracts worth $54.1 million and $42.3 million from the U.S. Air Force to provide engine overhaul services and logistics support for the KC-10 program. The company will overhaul 12 KC-10 engines in Vancouver, Canada under the first contract that runs through S...
Comtech Telecommunications (Nasdaq: CMTL) has undergone a series of executive and organizational changes that include the appointment of Board Chairman Fred Kornberg to the CEO and president roles he served in between 1976 and 2015. Comtech said Thursday former CEO and President Stanton Sloane will leave the company and...
Northrop Grumman (NYSE: NOC) has secured $350 million in contract funds to produce MQ-4C Triton unmanned aerial vehicles, control stations and interim spares for the U.S. Navy. The company will work on three lot 1 low-rate initial production MQ-4C UAVs, main and forward operation control stations, tooling and training cours...
Northrop Grumman (NYSE: NOC) has secured a potential $149.7 million firm-fixed-price, cost-plus-fixed-fee contract from the U.S. Navy for hardware, production test stations and technical services in support of the installation of large aircraft infrared countermeasures. The Defense Department said Friday Northrop will help integrate L...
The State Department has given Japan the go-ahead to purchase the Boeing-built (NYSE: BA) KC-46A Pegasus tanker aircraft and related support from the U.S. government under a potential $1.9 billion foreign military sales agreement. Japan asked to procure four KC-46A aerial refueling planes equipped with Raytheon-made (NYSE: RTN) A...
