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Tag Archives: Northrop Grumman Innovation Systems

Northrop Reports Synergies Amid Continued Integration of Acquired Orbital ATK Business

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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McAleese & Associates: Northrop Posts 16% Sales Growth Driven by Aerospace, Innovation Systems Segments

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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Matt Desch: Rideshare Could Make Launch Opportunity for Iridium NEXT Ground Spare Satellites

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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Northrop Increases Cannon Production Capacity With Arizona Plant Expansion

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, SSL, Sierra Nevada Awarded NASA Small Spacecraft Dev’t Contracts

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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Northrop Grumman Innovation Systems Concludes 9th ISS Cargo Resupply Mission

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 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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Northrop Closes Orbital ATK Purchase; Blake Larson Named Innovation Systems Sector President

Northrop Grumman (NYSE: NOC) wrapped up its approximately $9.2 billion purchase of Orbital ATK on Wednesday and will now run the newly acquired company as its fourth business sector called Northrop Grumman Innovation Systems. Blake Larson, most recently chief operating officer at Orbital ATK, has been elected by the board as …

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FTC Clears Northrop’s Orbital ATK Purchase

The Federal Trade Commission has given Northrop Grumman (NYSE: NOC) antitrust approval to proceed with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Tuesday the FTC clearance calls for it to make solid-rocket motors available to competitors on “a non-discriminatory basis” and that it expects to close the deal …

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Kathy Warden: Northrop to Form Innovation Systems Unit After Orbital ATK Purchase

Kathy Warden, president and chief operating officer at Northrop Grumman (NYSE: NOC), has said the company will establish a new business sector once the Falls Church, Virginia-based defense contractor completes the $9.2 billion purchase of Orbital ATK (NYSE: OA), Inside Defense reported Thursday. Warden told analysts Thursday that Blake Larson, COO …

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