Tag Archives: Northrop Grumman

Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments

Christopher Kastner, corporate vice president and general manager of corporate development at Huntington Ingalls Industries (NYSE: HII) will transition into new roles as chief financial officer and corporate VP for business development by March 1. Kastner will succeed the retiring Barbara Niland and oversee business and profit growth strategies as …

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Weekly Roundup Oct 26 – Oct 30 2015: Northrop Records Double Victory w/ 3Q Earnings, Bomber Win & more

Weekly Roundup Oct 26 – Oct 30 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s fifth-largest defense contractor received a double-billing of good news this week via third quarter financial results that beat The Street and a landmark contract win …

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October 28 Market Close: GovCon Index Hits New Record High on Earnings Reports, US Stocks Rise

The GovCon Index rose 2.474 percent to an all-time high of 77.167 Wednesday on strong earnings reports from listed companies and high volume on a positive day for U.S. markets as the Federal Reserve released its latest policy statement. Northrop Grumman (NYSE: NOC) rose 5.48 percent to $190.50 on the U.S. Air Force‘s Tuesday …

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Northrop 3Q Earnings, Revenue Beat Wall Street Forecasts; Wes Bush Discusses Reorg to Investors

Northrop Grumman (NYSE: NOC) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.75 per share, 56 cents higher Wall Street analyst forecasts and 59 cents more than the prior year period. The company posted a $516 million profit for the quarter and recorded $5.98 billion …

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Northrop Wins Air Force Long Range Strike Bomber Contract

Northrop Grumman (NYSE: NOC) has beaten out a team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) for the highly-anticipated contract to build the U.S. Air Force‘s Long Range Strike Bomber plane, Defense Department officials announced Tuesday. The service branch plans to purchase up to 100 of the bombers at a cost of $511 million per plane …

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Northrop Gets Extension on Logistics Support for Australia’s F/A-18 Fleet

TYSONS CORNER, VA, October 27,  2015 — Northrop Grumman (NYSE: NOC) will continue to provide logistics support for the Australian air force’s F/A-18 Hornet fleet under a four-year contract extension, ExecutiveBiz reported Monday. The company said Sunday the contract covers in-service support for the AN/AAQ-28(V) LITENING pods and data links of the Hornet’s Target …

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Northrop Grumman Lands $81M FAA Aeronautical Info Mgmt Contract; Ed Sturms Comments

Northrop Grumman Corp. (NYSE: NOC) has received an $81 million contract to update the Federal Aviation Administration’s aeronautical information management system. Northrop said Monday that the company will assist FAA in developing automation and information systems in support of the agency’s safety mission and the Next Generation Air Transportation System …

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Bloomberg: Air Force Could Unveil Bomber Contract Winner by Tuesday

The U.S. Air Force has received the go-ahead from Pentagon acquisition chief Frank Kendall to proceed with the awarding of its Long Range Strike Bomber contract, Bloomberg reported Tuesday. Anthony Cappacio and Julie Johnsson write USAF could name Northrop Grumman (NYSE: NOC) or a team of Boeing (NYSE: BA) and …

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October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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Weekly Roundup Oct 19 – Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more

Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and …

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