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Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Northrop says costs related to certain new programs weighing on margins in 2017 - Conf call
Thursday, 26 Jan 2017 02:00pm EST 

Northrop Grumman Corp : Says expects higher levels of capital investments to continue for couple more years as it expands workforce and ramps up on large new programs . Says expect F-35 volume to be comparable to 2016 . Says, in 2017, cost type development work is growing at a faster rate than higher margin production work Further company coverage: [NOC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Northrop Grumman Corp sees 2017 EPS guidance of $11.30-$11.60
Thursday, 26 Jan 2017 06:45am EST 

Northrop Grumman Corp : Northrop Grumman Corp sees 2017 EPS guidance of $11.30 to $11.60 . Says q4 sales increase 12 percent to $6.4 billion . Qtrly earnings per share $2.96 . Northrop Grumman Corp - total backlog as of dec. 31, 2016, was $45.3 billion compared with $35.9 billion as of dec. 31, 2015 . Q4 earnings per share view $2.49, revenue view $5.93 billion -- Thomson Reuters I/B/E/S . Northrop Grumman Corp sees 2017 sales about $25,000 million . Northrop Grumman Corp sees 2017 capital expenditures about $900 million . Northrop Grumman Corp - Q4 aerospace systems sales $2,872 million versus $2,400 million . Northrop Grumman Corp qtrly manned aircraft sales rose due to higher restricted and e-2d volume, as well as increased f-35 deliveries .Fy2017 earnings per share view $12.23, revenue view $25.03 billion -- Thomson Reuters I/B/E/S.  Full Article

LLR Partners acquires BluVector from Northrop Grumman
Monday, 9 Jan 2017 08:00am EST 

LLR Partners: LLR partners acquires BluVector from Northrop Grumman . LLR Partners has committed $50 million to BluVector to support acquisition and future growth plans .Terms of transaction were not disclosed.  Full Article

Northrop Grumman elects Mark A. Welsh III to board
Thursday, 8 Dec 2016 09:09am EST 

Northrop Grumman Corp : Northrop Grumman Corp - addition of Welsh increases Northrop Grumman's board of directors to 14 members, 13 of whom are independent directors .Northrop Grumman elects Mark A. Welsh III to its board of directors.  Full Article

Northrop Grumman sets quarterly dividend of $0.90 per share
Wednesday, 16 Nov 2016 06:00pm EST 

Northrop Grumman Corp :Sets quarterly dividend of $0.90 per share.  Full Article

Northrop Grumman says F-35 is currently 7 pct of total revenue
Wednesday, 26 Oct 2016 01:11pm EDT 

Northrop Grumman Corp : Northrop Grumman Corp says it is evaluating tax event options to repatriate certain earnings from foreign subsidiaries . Northrop Grumman Corp says if it repatriates cash, it would repatriate majority of foreign held cash balances . Northrop Grumman Corp says f-35 is currently 7 percent of total revenue Further company coverage: [NOC.N] (Reporting by Mike Stone) ((mike.stone1@thomsonreuters.com;)).  Full Article

Northrop Grumman sets quarterly dividend of $0.90 per share
Wednesday, 17 Aug 2016 06:15pm EDT 

Northrop Grumman Corp :Sets quarterly dividend of $0.90 per share.  Full Article

Northrop Grumman says awarded Department of Veterans Affairs contract
Thursday, 4 Aug 2016 02:00pm EDT 

Northrop Grumman: Northrop grumman awarded Department of Veterans Affairs contract for health information technology .The multi-vendor indefinite-delivery contract has potential value of $22.3 billion over 10 yrs - a five-year base with 5-yr option period.  Full Article

Northrop says had no "material impact" related to Brexit vote in Q2 - Conf Call
Wednesday, 27 Jul 2016 01:15pm EDT 

Northrop Grumman Corp : Says expected 2017 FAS expense would be about $200 million higher or $670 million . Says saw no material impact related to Brexit vote in second-quarter . Says see a higher level of capex on the "non-facilities side of things" in H2 2016 . Says margin rate co is realizing on F-35 program currently, is not what it expected at this level of maturity . Says co is talking about F-35 LRIP 9 and 10 contracts moving into full rate production, and would expect margins to be a bit higher . Says will move to performance-based payments as it gets on F-35 LRIP 9 and 10 contracts, which "will liquidate some of the withhold in terms of cash flow" Further company coverage: [NOC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Northrop Grumman reports quarterly earnings of $2.85/share
Wednesday, 27 Jul 2016 06:21am EDT 

Northrop Grumman Corp : Q2 earnings per share $2.85 . Q2 sales rose two percent to $6.0 billion . Q2 earnings per share view $2.53, revenue view $5.99 billion -- Thomson Reuters I/B/E/S . Quarterly pension-adjusted diluted EPS $2.60 . Increased its guidance for 2016 diluted earnings per share to a range of $10.75 to $11.00 . Full year forecast increased to reflect about $40 million, or $0.20 per share, tax benefit to be recorded in Q3 of 2016. . Northrop Grumman Corp says Q2 aerospace systems sales $2,600 million versus $2,498 million last year . IRS resolution will reduce Q3 2016 income tax expense by about $40 million or $0.20 per share . Aerospace systems Q2 sales increased four percent due to higher volume for manned aircraft and autonomous systems programs . Full year 2016 revenue view $23.79 billion -- Thomson Reuters I/B/E/S . In July, U.S. Congressional joint committee on taxation approved a resolution of IRS examination of company's 2007-2011 tax returns . Q2 aerospace systems sales $2.60 billion versus $2.50 billion . Full year 2016 earnings per share view $10.70 -- Thomson Reuters I/B/E/S . Guidance for company's 2016 effective tax rate and diluted earnings per share reflect Q3 2016 tax benefit .Sees 2016 sales of $23.5 billion to $24 billion.  Full Article

More From Around the Web

Germany to buy Triton drone to replace canceled Euro Hawk-sources

BERLIN Germany's defense ministry has decided to buy high-altitude MQ-4C Triton unmanned surveillance planes built by U.S. weapons maker Northrop Grumman Corp for deliveries after 2025, ministry sources said on Tuesday.