A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its sales rise 22 percent to $8.2B in the first quarter of 2019 and recorded a sector operating profit growth of 27 percent. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based …
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General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) have secured contract modifications from the U.S. Army to supply new and recapitalized cartridges for 120mm tank training ammunition. The service awarded a potential $58.9M modification to General Dynamics’ ordnance and tactical systems business and a $36.8M modification to Northrop’s innovation …
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TYSONS CORNER, VA, March 18, 2019 — Northrop Grumman‘s (NYSE: NOC) innovation systems sector seeks to generate 175 new jobs in Cecil County, Md., in line with the expansion of its rocket engine manufacturing facility in Elkton, ExecutiveBiz reported March 5. The office of Maryland Gov. Larry Hogan said March …
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TYSONS CORNER, VA, February 5, 2019 — Northrop Grumman (NYSE: NOC) has pointed to progress in cost, operational and revenue synergy goals as it continues to integrate the Orbital ATK business it acquired in 2018, ExecutiveBiz reported Monday. SpaceNews reported Thursday that Northrop CEO Kathy Warden told analysts in an earnings …
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Consulting firm McAleese and Associates has released a report that provides an overview of the financial performance of Northrop Grumman (NYSE: NOC) during the fourth quarter and full year 2018. Northrop saw its 2018 sales jump 16 percent to $30B driven by sales growth at its innovation systems business and …
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TYSONS CORNER, VA, January 10, 2018 — Matt Desch, CEO of Iridium Communications (Nasdaq: IRDM), has indicated the possibility that the company will launch the six ground spare satellites in the Iridium NEXT constellation if there is an opportunity for a rideshare mission, ExecutiveBiz reported Friday. Space News reported Jan. …
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TYSONS CORNER, VA, December 14, 2018 — Northrop Grumman (NYSE: NOC) has nearly doubled the capacity at a facility in Arizona that houses the production of its Bushmaster medium-caliber cannons for military customers, as part of an expansion in the company’s innovation systems sector, ExecutiveBiz reported Thursday. The 36K-square-foot plant in …
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Northrop Grumman’s (NYSE: NOC) innovation systems sector, Sierra Nevada and Maxar Technologies’ (NYSE: MAXR) SSL have each won a potential five-year, $750M contract to develop small and medium satellites, payloads, spacecraft subsystems, buses, software and ground platforms for NASA. NASA announced the awardees under the Small Spacecraft Prototyping Engineering Development and …
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TYSONS CORNER, VA, August 1, 2018 — A Northrop Grumman Innovation Systems-built (NYSE: NOC) Cygnus spacecraft that launched in May to deliver an estimated 7,400 pounds of supplies to the International Space Station and perform secondary space missions reentered Earth’s atmosphere Monday after a 52-day stay at the space observatory, ExecutiveBiz …
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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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