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Northrop Grumman Corp (NOC)

NOC on New York Consolidated

278.33USD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

JPMorgan to provide Northrop Grumman bridge loan of up to $8.5 bln for Orbital deal
Monday, 18 Sep 2017 06:59am EDT 

Sept 18 (Reuters) - Northrop Grumman Corp :Northrop Grumman - ‍​entered letter with JPMorgan; JPMorgan committed to provide bridge loan facility of up to $8.5 billion to fund part of Orbital deal.  Full Article

Orbital ATK says deal with Northrop Grumman obliges co to abide by “no-shop” restrictions on ability to solicit takeover proposals from third parties
Monday, 18 Sep 2017 06:44am EDT 

Sept 18 (Reuters) - Orbital ATK Inc :Orbital ATK-deal with northrop grumman obliges co to abide by “no-shop” restrictions on ability to solicit takeover proposals from third parties.Orbital ATK -upon termination deal with Northrop Grumman under specified circumstances, co will be required to pay Northrop termination fee of $275 million.  Full Article

Northrop Grumman gets $328 mln contract to execute TMRR phase of GBSD program​
Monday, 21 Aug 2017 05:58pm EDT 

Aug 21 (Reuters) - Northrop Grumman Corp :Northrop Grumman Corp - ‍Company was awarded a $328 million contract to execute technology maturation and risk reduction (TMRR) phase of GBSD program​.  Full Article

Northrop Grumman sets quarterly dividend of $1.00 per share
Wednesday, 16 Aug 2017 05:45pm EDT 

Aug 16 (Reuters) - Northrop Grumman ::Sets quarterly dividend of $1.00 per share.  Full Article

Northrop expects aerospace systems being relatively flat from F-35 perspective for full year - conf call
Wednesday, 26 Jul 2017 01:08pm EDT 

July 26 (Reuters) - Northrop Grumman Corp :Northrop Grumman says continues to expect a modest upward trend in national security spending for the foreseeable future.Northrop CEO - " we encourage our government leaders to work together to avoid negative impacts of a long-term continuing resolution in fiscal year 2018".Northrop expects full year aerospace systems sales to a range of $11.5 billion to $11.7 billion.Northrop expects 2017 mission systems revenue of $11.1 billion to $11.3 billion, up from prior forecast of low $11 billion - Conference Call.Northrop expects 2017 technology services sales of $4.5 billion to $4.7 billion.Northrop expects aerospace systems being relatively flat from F-35 perspective for full year.Northrop says in mission systems sees f-35 increase of probably quarter of billion dollars for full year.  Full Article

Northrop Grumman Q2 earnings of $3.15‍​ per share
Wednesday, 26 Jul 2017 06:42am EDT 

July 26 (Reuters) - Northrop Grumman Corp :Q2 EPS $3.15‍​.qtrly sales increase 6 percent to $6.4 billion.Q2 aerospace systems sales $2,970 million versus $2,600 million.2017 EPS guidance increased to $12.10 to $12.40.Q2 earnings per share view $2.87, revenue view $6.21 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $12.36 -- Thomson Reuters I/B/E/S.Sees 2017 capital expenditures about $900 million.sees 2017 sales at low $25 bln‍​ level.Fy2017 revenue view $25.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Northrop Grumman increases quarterly dividend
Tuesday, 16 May 2017 06:32pm EDT 

May 16 (Reuters) - Northrop Grumman Corp ::Northrop Grumman increases quarterly dividend 11 percent to $1.00 per share.  Full Article

Northrop says expects a modest upward trend in defense spending for foreseeable future - Conf call
Wednesday, 26 Apr 2017 01:10pm EDT 

April 26 (Reuters) - Northrop Grumman Corp :Says expects a modest upward trend in national security spending for the foreseeable future.Says seeing increased retention and interest in its Triton system platform around the globe, starting with Australia.Says expects its E-2D program to be an attractive international opportunity over the next decade or so.Says addressing opportunities on Air Force's JSTARS recap program, Navy's MQ-25 program, and international opportunities for autonomous systems business, within its aerospace unit.Northrop says continues to pursue SABR radar opportunities for the U.S. Air force and international customers .Northrop says also competing for the radar program on JSTARS recap, as well as for a number of significant restricted opportunities and international programs.Northrop says many of the award dates for the programs its looking at now, are into the 2018 time frame.  Full Article

Northrop Grumman Q1 earnings per share $3.63
Wednesday, 26 Apr 2017 06:46am EDT 

April 26 (Reuters) - Northrop Grumman Corp ::Q1 earnings per share $3.63.Northrop Grumman Corp - 2017 EPS guidance increased to $11.80 to $12.10.Northrop Grumman Corp - Q1 sales increase 5 percent to $6.3 billion.Q1 earnings per share view $2.93, revenue view $6.14 billion -- Thomson Reuters I/B/E/S.Northrop Grumman Corp qtrly pension-adjusted diluted EPS $3.13.Northrop Grumman Corp - qtrly aerospace systems sales $2,898 million versus $2,574 million.FY 2017 earnings per share view $11.87 -- Thomson Reuters I/B/E/S.Northrop - 2017 guidance assumes no disruption or cancellation of any of significant programs, no disruption or shutdown of government operations - SEC filing.  Full Article

Wesco Aircraft extends multi-year agreement with Northrop Grumman Corp
Thursday, 6 Apr 2017 04:30pm EDT 

Wesco Aircraft Holdings Inc : Wesco Aircraft extends multi-year agreement with Northrop Grumman Corp. .Wesco - Multi-year agreement extends co's current contract to provide integrated supply chain services for C-class aerospace hardware for F-35 program.  Full Article

Deals of the day-Mergers and acquisitions

Sept 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: