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Tag Archives: NYSE: NOC

Northrop Grumman Wins $22.5M Air Force Contract to Advance Development Program

The U.S. Air Force has awarded Northrop Grumman Systems Corp., Integrated Systems Sector (NYSE: NOC), San Diego, Calif., a $22, 433, 052 cost-plus-incentive-fee contract modification to maintain and support software for air vehicle, ground and support segments and enable the Global Hawk system integrator to participate in planning, provisioning, conducting, …

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Northrop Grumman Snags $428M Polar Satellite Deal

Northrop Grumman’s (NYSE: NOC) Space and Mission Systems, based in Redondo Beach, Calif., has been awarded a nearly $428 million Air Force contract modification, according to the Defense Department. The new deal authorizes the firm to design and develop changes to the the National Polar Orbiting Operational Environmental Satellite System …

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Northrop Grumman Wins Follow-on Biometrics Task Order Valued $141 Million

Northrop Grumman Corporation (NYSE: NOC) has been awarded a follow-on task order worth up to $141 million for continued work of the U.S. Department of Defense Automated Biometric Identification System, which provides military personnel with reliable and timely identification of individuals suspected as threats to U.S. national security. Under the …

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Northrop Grumman, Navistar Awarded Navy Contract Mods for UAVs, ‘Survivable’ Ambulances

In the latest issuing of Navy contract awards, Northrop Grumman Systems Corp.’s (NYSE: NOC) aerospace and unmanned systems divisions picked up a $42 million modification to a previously awarded firm fixed-price contract to convert the Army’s vertical-takeoff-and-landing unmanned aerial vehicles to “Navy configuration, ” according to the Defense Department. Work …

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Northrop Grumman Latest Firm on DOJ IT Project

Northrop Grumman (NYSE:NOC) won a spot on the Department of Justice’s ID/IQ contract for IT solutions. The work will continue to modernize and secure the department’s information systems while delivering more cost-effective and efficient IT operations. According to the firm, “Northrop Grumman is one of 20 companies selected to compete …

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Northrop Grumman Moves Forward with $372 Million Stealth Bomber Deal

Northrop Grumman (NYSE:NOC) is working on an antenna system that will “enable the B-2 Spirit stealth bomber to send and receive battlefield information securely by satellite up to 100 times faster than it can today.” The deal, awarded by the Air Force is valued at $372 million. “Our work on …

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Northrop Grumman Wins Army Work

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $16, 732, 693 firm-fixed-price contract.  The award will provide for the procurement of vehicle intercom communication, vehicle testing, ten percent spares, and a contractor-provided field service representative for the Saudi Arabian National Guard.  Work will be performed …

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Northrop Grumman Enters $1 Billion Deal with Goldman Sachs

Northrop Grumman (NYSE: NOC) announced that it has entered into a $1 billion accelerated share repurchase agreement with Goldman, Sachs & Co. “This transaction will immediately reduce outstanding shares by approximately five percent and demonstrates our continued commitment to value creation through effective cash deployment, ” CEO Wes Bush said. …

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BAE Adds Northrop Grumman to JLTV Team

BAE Systems announced today it has added Northrop Grumman (NYSE: NOC) to its Joint Light Tactical Vehicle team. The team currently consists of BAE Systems, Navistar Defense and Meritor Defense. Northrop Grumman will serve as the C4ISR lead. “Our decision to team with one of the world’s leaders in C4ISR …

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Northrop Grumman’s Wes Bush Comments on ‘Very Productive’ Quarter

Northrop Grumman (NYSE: NOC) first quarter 2011 results earnings from continuing operations increase to $496 million, up from $410 million in the first quarter last year. First quarter 2011 sales totaled $6.7 billion compared with $6.9 billion in the prior year period. “This was a very productive quarter, ” CEO …

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