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Northrop Grumman Corp (NOC)

NOC on New York Consolidated

256.99USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

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

Northrop Grumman Corp files for potential mixed shelf offering, size not disclosed
Friday, 31 Mar 2017 05:21pm EDT 

Northrop Grumman Corp :Northrop Grumman Corp files for potential mixed shelf offering, size not disclosed - sec filing.  Full Article

Northrop Grumman CEO Wesley Bush's FY 2016 total compensation was $19.8 mln vs $15.8 mln in FY 2015
Friday, 31 Mar 2017 04:49pm EDT 

Northrop Grumman Corp :CEO Wesley bush's FY 2016 total compensation was $19.8 million versus $15.8 million in FY 2015 - sec filing.  Full Article

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

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BRIEF-Northrop Grumman increases quarterly dividend

* Northrop Grumman increases quarterly dividend 11 percent to $1.00 per share Source text for Eikon: Further company coverage: