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McAleese & Associates: Sales of Northrop Climbed 22% to $8.2B in Q1 2019

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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Navy, Northrop Grumman Mark Start of MQ-4C Triton Flight Operations

TYSONS CORNER, VA, June 5, 2018 — Northrop Grumman (NYSE: NOC) and the U.S. Navy have begun flight operations for the MQ-4C Triton unmanned aircraft system at Naval Base Ventura County in Point Mugu, California, ExecutiveBiz reported Monday. The company said Friday the first pair of operational Triton drones will undergo tests with Navy maintainers …

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Northrop Grumman Delivers 1st Operational Triton Drone to Navy

TYSONS CORNER, VA, Nov. 14, 2017 — Northrop Grumman (NYSE: NOC) has rolled out and shipped the first operational unit of its MQ-4C Triton unmanned aircraft system to the U.S. Navy in Point Mogu, California, ExecutiveBiz reported Monday. The company said Friday the UAS will support Navy maritime intelligence, surveillance and reconnaissance operations, with …

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Fmr. Air Force Intel Chief Urges Rehaul of DoD Drone Program

The former Air Force deputy chief of staff for intelligence, surveillance and reconnaissance Lt. Gen. David Deptula has a new report that offers the Defense Department suggestions as it writes a 25-year plan for unmanned aircraft. The U.S. military needs to overhaul the way it is buying and managing drones, …

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Boeing & Northrop Boost 2016 Outlooks as General Dynamics Posts 3Q Earnings Beat

Three of the world’s largest government contractors listed in both Executive Mosaic’s GovCon Index and the U.S. stock bellwether S&P 500 composite index released third quarter financial results before markets opened Wednesday. Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) all posted earnings per share figures …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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Tony Abbott: Australia to Buy Northrop’s Triton UAV

Australia plans to purchase a Northrop Grumman (NYSE: NOC)-built unmanned aerial vehicle for maritime surveillance operations over the country’s northern region, Flight International reported Thursday. Prime Minister Tony Abbott announced Thursday the government intends for the aircraft to help protect Australia’s border, assets and marine resources, according to the report. …

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BAE ‘Friend or Foe’ Transponder Receives DoD Approval; Sal Costa Comments

BAE Systems has obtained Defense Department approval for a transponder intended to help the military identify both allies and enemies during combat operations. The AN/DPX-7 Identification Friend or Foe system weighs half the existing identification friend or foe system and enables pilots to track, plan and dispatch flights, BAE said Thursday. …

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