Key Developments: Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

30 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Northrop Grumman-built E-2D Advanced Hawkeye Reports for Duty
Monday, 27 Oct 2014 04:30pm EDT 

Northrop Grumman:The U.S. Navy has declared initial operational capability (IOC) for the E-2D Advanced Hawkeye aircraft, designed, developed and manufactured by Northrop Grumman Corporation.It is the newest and most technologically advanced variant of the venerable E-2 Hawkeye airborne early warning command and control (AEW&C) platform.  Full Article

Northrop Grumman sees FY 2014 sales at top end of prior guidance range and raises FY 2014 EPS guidance
Wednesday, 22 Oct 2014 07:00am EDT 

Northrop Grumman:Expects FY 2014 sales to be in the range be $23.800 bln compared to prior range of $23.500-$23.800 bln.Expects FY 2014 diluted EPS in the range of $9.40-$9.50 compared to prior range of $9.15-$9.35.FY 2014 revenue of $23.710 bln - Thomson Reuters I/B/E/S.FY 2014 EPS of $9.35 - Thomson Reuters I/B/E/S.  Full Article

Northrop Grumman to supply new attitude and heading reference system for Airbus Helicopters
Tuesday, 21 Oct 2014 08:00am EDT 

Northrop Grumman Corp:Says it has been selected by Airbus Helicopters to certify and deliver its new LCR-350 Attitude and Heading Reference System (AHRS) for several helicopter platforms.  Full Article

Northrop Grumman awarded Lockheed Martin contract for SBIRS GEO-5 and GEO-6 Satellite Payloads
Wednesday, 15 Oct 2014 09:59am EDT 

Northrop Grumman Corp:Says it has been awarded a $422 mln contract from Lockheed Martin to produce sensor payloads on the fifth and sixth Space Based Infrared System ( SBIRS ) Geosynchronous Earth Orbit (GEO) satellites, known as GEO-5 and GEO-6.Says the U.S. Air Force's SBIRS provides the nation with continuous early warning of ballistic missile launches and other tactical intelligence.  Full Article

Lockheed Martin Corp and Northrop Grumman deliver payload for fourth SBIRS Missile defense early warning satellite
Wednesday, 8 Oct 2014 09:00am EDT 

Lockheed Martin Corp and Northrop Grumman:Says company and payload provider Northrop Grumman have delivered payload for fourth Geosynchronous Earth Orbit (GEO) satellite of U.S. Air Force's Space Based Infrared System.Says payload, delivered on Sept. 30, will now be integrated with SBIRS GEO-4 satellite bus in final assembly, integration and test at Lockheed Martin's Sunnyvale, California satellite manufacturing facility.SBIRS GEO-4 payload includes highly sophisticated scanning and staring sensors, which will provide satellite with improved infrared sensitivity and a reduction in area revisit times over legacy constellation.  Full Article

Northrop Grumman secures medicare beneficiary database contract
Monday, 6 Oct 2014 11:00am EDT 

Northrop Grumman Corp:Says Centers for Medicare and Medicaid Services (CMS) have selected Northrop Grumman Corporation for the Medicare Beneficiary Database Suite of Systems (MBDSS).Says $53.7 million contract will run through Nov. 2018.  Full Article

Northrop Grumman receives US Navy Performance Based Logistics Contract
Thursday, 25 Sep 2014 04:00pm EDT 

Northrop Grumman Corp:Receives a $61 mln performance based logistics supply support contract from the U.S. Naval Supply Systems Command's NAVSUP Weapon Systems Support facility in Mechanicsburg, Pennsylvania.Contract includes the management of various Northrop Grumman-supplied products and systems including the WSN Ring Laser Gyro Navigation system, AN/BPS-15/16 Radar Set Weapon system, Steering/Scalable Integrated Bridge System and SPQ-9B radar set items.  Full Article

DARPA selects Northrop Grumman to develop breakthrough active electronically scanned array (AESA) technology
Wednesday, 10 Sep 2014 09:00am EDT 

Northrop Grumman Corp:Says it has been selected by Defense Advanced Research Projects Agency (DARPA) to develop and demonstrate advanced wideband digital antenna technology for next generation radio frequency (RF) sensors using active electronically scanned arrays (AESAs).Key subcontractors on the Northrop Grumman ACT team are Semtech and Systems & Technology Research.  Full Article

Northrop Grumman Corp declares quarterly dividend
Wednesday, 20 Aug 2014 06:30pm EDT 

Northrop Grumman Corp:Declares quarterly dividend of $0.70 per share on Northrop Grumman common stock.Payable Sept. 17 to shareholders of record as of the close of business Sept. 2.  Full Article

Northrop Grumman to Supply Shipboard Navigation Systems for Seven Peter Dohle Bulk Carrier Ships
Monday, 18 Aug 2014 02:00am EDT 

Northrop Grumman Corp:Receives a contract by Peter Dohle Schiffahrts-KG to supply the Integrated Bridge Systems, including navigation, voyage data recorders and radio systems, to seven new bulk carrier ships.Says its Sperry Marine business unit will supply the equipment to Jiangsu Hantong Shipyard in Nantong, Jiangsu, China.Full Integrated Bridge System package will include VisionMaster FT Radars, VisionMaster FT ECDIS, Magnetic Compass System, Echosounder, VoyageMaster G4 Voyage Data Recorder, Gyrocompass, GMDSS Radio, Autopilot and Steering Control System and Speed Logs.  Full Article


Northrop must face whistleblower anti-missile lawsuit: U.S. judge

- A Chicago federal judge on Thursday rejected Northrop Grumman Corp's bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft.

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