Key Developments: Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

3 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Northrop Grumman elects Kenneth L. Bedingfield corporate vice president and chief financial officer; James F. Palmer to retire in 2015
Monday, 8 Dec 2014 04:30pm EST 

Northrop Grumman Corporation:Says it has elected Kenneth L. Bedingfield, corporate vice president and chief financial officer, effective after the company files its 2014 annual report.Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015.  Full Article

Northrop Grumman announces new $3 billion share repurchase authorization
Thursday, 4 Dec 2014 04:15pm EST 

Northrop Grumman Corporation:Authorizes an additional $3 bln for repurchase of company's common stock.Share repurchases will take place from time to time, subject to market conditions and management's discretion, in the open market or in privately negotiated transactions.  Full Article

Northrop Grumman Corp declares quarterly dividend
Wednesday, 19 Nov 2014 06:30pm EST 

Northrop Grumman Corp:Says that it has declared a quarterly dividend of $0.70 per share on Northrop Grumman common stock.Payable Dec. 17, 2014, to shareholders of record as of the close of business Dec. 1, 2014.  Full Article

Northrop Grumman Corp receives $116 million award to upgrade US Air Force, US Marine Corps LITENING Advanced Targeting Systems
Tuesday, 18 Nov 2014 09:00am EST 

Northrop Grumman Corp:Says it has received an award of $116 mln to upgrade AN/AAQ-28(V) LITENING Advanced Targeting Systems for the United States military.Says under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps.Says this award will bring all Air Force Block 1 pods to the G4 configuration, completing the service's transition to the latest version of the LITENING system.  Full Article

Northrop Grumman Corp awarded contract to supply new mission computer for Marine Corps H-1 Helicopter Upgrades
Monday, 17 Nov 2014 08:00am EST 

Northrop Grumman Corp:Has been awarded contract from Naval Air Systems Command to deliver its next-generation mission computer for the Marine Corps' H-1 helicopter upgrade program.Under this contract, Northrop Grumman will provide FlightPro Gen III mission computers for the UH-1Y and AH*1Z aircraft.These aircraft will be the first to benefit from the latest model in the FlightPro product line.Deliveries will be completed by Oct. 2017.The lightweight FlightPro(tm)Gen III mission computer integrates advanced mission, weapons and video processing capabilities into a conduction-cooled, high-performance airborne computer.  Full Article

Northrop Grumman Corp receives $210 mln to Sustain Joint STARS Fleet
Friday, 14 Nov 2014 09:00am EST 

Northrop Grumman Corp:Says the U.S. Air Force awarded Northrop Grumman Corp a $210 million contract to continue sustaining its E-8C Joint Surveillance Target Attack Radar System (Joint STARS) fleet.Says the contract is a continuation of Northrop Grumman's Joint STARS sustainment contract, which was first awarded in 2000.  Full Article

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

Northrop wins U.S. Navy deal for electronic warfare upgrades

WASHINGTON, Feb 12 - Northrop Grumman Corp has won a contract valued at up to $267 million to design an updated electronic warfare package for surface warships, the U.S. Navy announced Thursday.

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