United States

Northrop Grumman Corp (NOC)

NOC on New York Consolidated

27 Oct 2016
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$-2.70 (-1.18%)
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Latest Key Developments (Source: Significant Developments)

Northrop Grumman Q3 earnings per share $3.35
Wednesday, 26 Oct 2016 06:32am EDT 

Northrop Grumman Corp : Q3 earnings per share $3.35 . Q3 sales rose 3 percent to $6.2 billion . Sees fy 2016 earnings per share $11.55 to $11.75 . Northrop Grumman says 2016 EPS guidance range increased to $11.55 to $11.75 . Northrop Grumman says sees 2016 sales $23,900 - $24,100 million . Sees 2016 capital expenditures $800 million - $1,000 million . Northrop Grumman says Q3 results include a federal tax benefit of $42 million, or $0.23 per diluted share . Northrop Grumman says also recorded pre-tax benefits totaling $55 million, or $0.20 per diluted share, for two unallocated corporate items in quarter . Sees 2016 operating margin in the mid to high 12% percent range . Northrop Grumman says estimated capital expenditures in 2016 reflect increased programmatic requirements and $239 million for purchase of mission systems facilities . Q3 earnings per share view $2.81, revenue view $6.02 billion -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $11.05, revenue view $23.82 billion -- Thomson Reuters I/B/E/S .Northrop Grumman says Q3 aerospace systems sales $2,782 million versus $2,544 million.  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

Heico Corp says unit enters into license agreement with Northrop Grumman
Thursday, 14 Jul 2016 08:00am EDT 

Heico Corp - : Unit entered into license agreement with Northrop Grumman to perform overhaul, repair of select inertial reference units .Says inertial aerospace services will receive Northrop's parts inventory and test equipment for Northrop Grumman licensed products.  Full Article

Northrop Grumman hikes qtrly dividend 12.5 pct to $0.90 per share
Tuesday, 17 May 2016 05:15pm EDT 

Northrop Grumman Corp :Northrop Grumman increases quarterly dividend 12.5 percent to $0.90 per share.  Full Article

Northrop Grumman Corporation board declares quarterly dividend
Tuesday, 16 Feb 2016 05:40pm EST 

Northrop Grumman Corporation:Declared a quarterly dividend of $0.80 per share on Northrop Grumman common stock, payable March 16 to shareholders of record as of Feb. 29.  Full Article

Northrop Grumman Selected to Improve Survivability of US Air Force C-130 Aircraft
Monday, 4 Jan 2016 02:00pm EST 

Northrop Grumman Corporation:Says The U.S. Special Operations Command has selected Northrop Grumman Corporation to provide advanced countermeasure systems for AC-130J and MC-130J aircraft.Under the terms of the $32.8 million award, Northrop Grumman's Land and Avionics C4ISR division will provide radio frequency countermeasure systems to detect, identify, locate, deny, degrade, disrupt and defeat threats to these aircraft.  Full Article

Northrop Grumman Wins Contract to Support Next Generation Air Transportation System
Monday, 26 Oct 2015 03:30pm EDT 

Northrop Grumman Corp:Says has been awarded an $81 million contract from the Federal Aviation Administration (FAA) to support the Aeronautical Information Management Modernization (AIMM) program.Under this contract, Northrop Grumman will support the FAA safety mission and Next Generation Air Transportation System (NextGen) objectives of developing automation, and information systems and services to address future air traffic requirements.This program will also provide aviation users with digital Aeronautical Information (AI) that conforms to international standards.  Full Article


Northrop posts 16.7 percent profit rise, raises full-year forecast

U.S. weapons maker Northrop Grumman Corp reported a 16.7 percent rise in quarterly profit on Wednesday, helped by higher sales in its aerospace systems business that makes the center fuselage of the F-35 fighter jets.