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Tag Archives: aerospace systems

L3 Consolidates Two Businesses Into New ISR Tech Segment; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has integrated the company’s aerospace and sensor systems businesses into a new segment that will develop and offer intelligence, surveillance, reconnaissance and signals intelligence technology platforms. “This business realignment action supports our objective to improve operating margin to 12 percent for 2019,” L3 Chairman, President and CEO Christopher Kubasik said …

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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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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Eric Scholten Appointed Northrop Aerospace Systems Sector VP, Controller

Eric Scholten, formerly director of business management at Northrop Grumman (NYSE: NOC), has been named vice president and controller for Northrop’s aerospace systems sector. Northrop said Monday he will report to Sunil Navale, VP of business management and chief financial officer for the aerospace systems sector. Scholten will oversee the finance, budgets, management, government relations, …

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Northrop Appoints Stuart Linsky, Mick Jaggers to Roles Under Aerospace Systems Unit

Northrop Grumman (NYSE: NOC) has appointed Stuart Linsky as vice president of engineering and global product development for the aerospace systems business and Mick Jaggers as VP and program manager of the Global Hawk programs. The company said Wednesday Linsky will succeed retiring Peggy Nelson and lead the aerospace systems sector’s product delivery …

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Kevin Mitchell Named Aerospace Global Supply Chain VP at Northrop

Kevin Mitchell, a 12-year veteran of Northrop Grumman (NYSE: NOC) and formerly site manager for the company’s El Segundo, Calif. site, has been appointed VP of global supply chain for Northrop’s aerospace systems sector. Northrop said Tuesday Mitchell will oversee work to develop and maintain the sector’s supply base for …

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Thomas Mendez Jr. Named Northrop Aerospace Systems VP, Controller; Ken Bedingfield Comments

Thomas Mendez Jr., formerly corporate director and assistant controller at Northrop Grumman (NYSE: NOC), has been appointed vice president and controller for the company’s aerospace systems unit. The 13-year aerospace and defense veteran served as a lead financial adviser to senior management in his prior role and also led corporate …

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Kelly Ortberg: ARINC Deal to Expand Rockwell Collins’ Opportunities in Airport Info Systems, Transportation, Security

Rockwell Collins (NYSE: COL) has finalized a move to beef up its portfolio of information management solutions as it completed its acquisition of ARINC for $1.4 billion. Cedar Rapids, Ia.-based Rockwell Collins announced the closure Monday, several months after Reuters reported Carlyle Group was preparing the sale of Annapolis, Md.-based …

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Amy Hopkins, Thomas Laux to Help Lead New Northrop Aerospace Systems Org

Amy Hopkins, a former Senate Intelligence Committee staffer, and former Deputy Assistant Navy Secretary Thomas Laux have joined Northrop Grumman (NYSE: NOC) as directors of a new organization under the aerospace systems sector. Hopkins will lead tactical planning and research initiatives and Laux will develop mission support programs for the …

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Kenneth Bedingfield Named Northrop Aerospace Systems CFO; Tom Vice Comments

Kenneth Bedingfield, Northrop Grumman‘s (NYSE: NOC) corporate vice present, controller and chief accounting officer since November 2011, has been appointed VP of business management and chief financial officer for the aerospace systems sector. Bedingfield succeeds Chuck Wands, who plans to retire from the company later this year, Northrop said Wednesday. …

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