Key Developments: Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

27 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Northrop Grumman Corp receives $111 mln contract modification for LAIRCM Missile Defense System
Monday, 1 Jun 2015 09:00am EDT 

Northrop Grumman Corp:Has been awarded combined order of $111 million to the previously awarded firm-fixed-price contract from the U.S. Air Force.To provide hardware and support for Large Aircraft Infrared Countermeasure (LAIRCM) system.Under terms of contract modification, Northrop Grumman will deliver additional transmitters, missile warning sensors, processors, lasers, control interface units and supporting equipment to the Air Force and various customers around globe through April 2017.In addition to legacy hardware, delivery will include modernized control interface unit replacement.  Full Article

Northrop Grumman Corp announces 14 pct dividend increase to $0.80 per share
Wednesday, 20 May 2015 07:00am EDT 

Northrop Grumman Corp:Declared quarterly dividend of $0.80 per share on Northrop Grumman common stock, a 14 percent increase from the prior quarterly dividend of $0.70 per share.Says this is 12th consecutive annual increase in Northrop Grumman's common stock dividend.Dividend is payable June 17 to shareholders of record as of the close of business June 1.  Full Article

Northrop Grumman Corp wins contract
Tuesday, 12 May 2015 08:00am EDT 

Northrop Grumman Corp:Has been awarded 28.8 mln pounds contract by the United Kingdom Home Office.To provide service and systems operations and maintenance to the Forensic and Biometric Interim Capability, otherwise known as FABrIC.  Full Article

Northrop Grumman Corp reaffirms FY 2015 revenue guidance and raises FY 2015 EPS guidance
Wednesday, 29 Apr 2015 07:00am EDT 

Northrop Grumman Corp:Expects FY 2015 sales in the range of $23.400-$23.800 bln compared to prior range of $23.400-$23.800 bln.Expects FY 2015 diluted EPS in the range of $9.40-$9.60 compared to prior range of $9.20-$9.50.FY 2015 revenue of $23.6 bln and EPS of $9.48 - Thomson Reuters I/B/E/S.  Full Article

Northrop Grumman to provide Gyrocompass Navigation Systems for the Royal Canadian Navy
Monday, 27 Apr 2015 03:00am EDT 

Northrop Grumman Corp:Northrop Grumman Corporation's Sperry Marine business unit has been selected to design and supply gyrocompass navigation systems for 12 Kingston Class coastal defence vessels for the Royal Canadian Navy, as a subcontractor to SNC-Lavalin Defence Programs Inc.The contract will include Dual NAVIGAT X MK1 gyrocompass systems, NAVITWIN IV Heading Management Systems and a complete suite of Heading Repeaters.Installation will start in June 2015 and extend through early 2017.Says Six of the vessels being upgraded are based in Esquimalt, British Columbia and six are based in Dartmouth, Nova Scotia, where the first field tests will be conducted this summer.Beyond the supply of equipment, the contract will also include system design and configuration, factory acceptance testing, commissioning, harbor acceptance testing, site acceptance testing as well as familiarization training, which will involve 12 trainers.  Full Article

Northrop Grumman Corp signs long-term agreement with Raytheon for LN-200 Inertial Measurement Units
Thursday, 23 Apr 2015 11:00am EDT 

Northrop Grumman Corp:Has entered a long-term agreement with Raytheon Company to supply its LN-200 Inertial Measurement Unit (IMU) for Raytheon optical targeting systems.The long-term agreement with Raytheon's Space and Airborne Systems business extends through 2018.An initial purchase order valued at $2 million was placed in December.  Full Article

Northrop Grumman Corp partnership with UMBC
Tuesday, 14 Apr 2015 09:00am EDT 

Northrop Grumman Corp:Says expansion of their cyber work with University of Maryland, Baltimore County (UMBC), to include research on health data analytics.UMBC-Northrop Grumman collaboration began with cybersecurity initiative and is now leveraging the big data analytics used in cyber and applying the tools and technologies to health.This has enabled Northrop Grumman to dive into expansive health data on a variety of subjects, such as impacts of cardiovascular disease as it relates to smoking, obesity and pharmaceutical drug use.  Full Article

Northrop Grumman Corporation's Remotec Inc and AirRobot US signs distribution agreement
Tuesday, 31 Mar 2015 01:22pm EDT 

Northrop Grumman Corporation:Says its subsidiary Remotec Inc and AirRobot US have entered into a distribution agreement for AirRobot's line of small unmanned aerial systems.Under agreement, Remotec Inc is sole reseller of these products to first responder and law enforcement market in the United States.As part of agreement, which commenced earlier this month, Remotec Inc also will provide service, maintenance and technical support for all AirRobot systems in the U.S.  Full Article

Northrop Grumman's Electronic Systems sector announces realignment of ISR&TSD
Monday, 30 Mar 2015 02:30pm EDT 

Northrop Grumman Corporation:Says its Electronic Systems sector the realignment of its Intelligence, Surveillance, Reconnaissance and Targeting Systems division (ISR&TSD) to expand focus on its growing airborne and space ISR business.Former ISR&TSD is being reorganized into two separate divisions: Airborne Intelligence, Surveillance Reconnaissance and Targeting Systems; and Space Intelligence, Surveillance & Reconnaissance Systems.  Full Article

Northrop Grumman to provide directional infrared countermeasure system for Canadian Chinook Fleet
Wednesday, 25 Mar 2015 08:00am EDT 

Northrop Grumman Corp:Has been selected by the Royal Canadian Air Force to provide infrared missile protection on its fleet of CH-147F Chinooks.  Full Article

Lockheed wins U.S. approval to upgrade fighter jets for South Korea

WASHINGTON - The U.S. government on Wednesday said it had approved Lockheed Martin Corp to upgrade 134 U.S.-made F-16 jet fighters for South Korea with new mission computers, radars and other equipment in a deal worth an estimated $2.5 billion.

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