Key Developments: Northrop Grumman Corp (NOC)

NOC on New York Consolidated

16 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Northrop Grumman Corp reaffirms FY 2014 revenue outlook; raises FY 2014 EPS outlook
Wednesday, 23 Jul 2014 07:01am EDT 

Northrop Grumman Corp:Expects FY 2014 sales in the range of 23,500-23,800 mln, as compared to previous range of 23,500-23,800 mln.Expects FY 2014 diluted EPS in the range of 9.15-9.35, as compared to previous range of 8.90-9.15.FY 2014 revenue of $23,672 mln, EPS of $9.24 - Thomson Reuters I/B/E/S.  Full Article

US Navy selects Northrop Grumman for ship self-defense system
Tuesday, 22 Jul 2014 10:00am EDT 

Northrop Grumman Corp:The U.S. Navy has awarded Northrop Grumman Corporation (NYSE: NOC) $12 mln task order for a full range of engineering services to continue modernizing the Ship Self-Defense System Mark 2 (SSDS MK2).Contract has a potential value of $61 mln over five years, if all options are exercised.SSDS MK2 is a combat system designed for anti-air defense of U.S. and coalition partner aircraft carriers and amphibious ships.System coordinates the ship's existing sensors, self-defense weapons and countermeasures to shorten the detect-to-engage cycle.Task order was awarded under the SeaPort-e indefinite delivery, indefinite quantity contract vehicle.Under direction of Combat Direction Systems Activity (CDSA), Dam Neck, Virginia Beach, the company will provide life cycle engineering, system engineering and integration, and hardware prototype development.Replacing obsolete components with open systems COTS computing hardware will allow adaptable deployment of more current and secure capabilities.With the SSDS MK2 program, Northrop Grumman continues its decade-long collaboration with CDSA delivering flexible, quality engineering services for naval combat systems.  Full Article

Northrop Grumman Corp announces new space assembly and test facility
Monday, 14 Jul 2014 06:30pm EDT 

Northrop Grumman Corp:Says new $20 million Maryland Space Assembly and Test (M-SAT) facility on back of Baltimore campus adjacent to Baltimore Washington International Thurgood Marshall Airport.  Full Article

Northrop Grumman Corp receives $3.6 billion multiyear contract for 25 E-2D Advanced Hawkeye Aircraft
Monday, 30 Jun 2014 05:35pm EDT 

Northrop Grumman Corp:Receives $3.6 bln fixed price, incentive fee multiyear contract to deliver 25 new E-2D Advanced Hawkeye aircraft, bringing the total number of aircraft on contract to 50 from U.S. Navy.  Full Article

Northrop Grumman Corp receives $238 million contract modification for LAIRCM Missile Defense System
Wednesday, 18 Jun 2014 10:30am EDT 

Northrop Grumman Corp:Receives $238 mln modification to previously awarded firm-fixed-price contract from U.S. Air Force to provide hardware and support for the Large Aircraft Infrared Countermeasure (LAIRCM) system.Under the terms of contract modification, Northrop Grumman will deliver additional transmitters, missile warning sensors, processors, lasers, control interface units and supporting equipment to the Air Force through April 2016.  Full Article

Northrop Grumman secures joint force development support services contract
Tuesday, 10 Jun 2014 10:30am EDT 

Northrop Grumman Corp:Says the Naval Supply Fleet Logistics Center has selected the company to continue providing logistics, intelligence, and technology support to the Joint Staff J7 Directorate for Joint Force Development (JFD) in Suffolk.Multiple-award, indefinite delivery, indefinite quantity contract has a potential value of $877 million over five years, if all options are exercised.  Full Article

Northrop Grumman Corp to supply navigation system for South Korea's GEO-KOMPSAT-2 Satellites
Tuesday, 10 Jun 2014 08:30am EDT 

Northrop Grumman Corp:Receives contract from Korea Aerospace Research Institute (KARI) to provide space inertial reference systems for the GEO-KOMPSAT-2 space satellite program.  Full Article

Northrop Grumman receives contract to develop miniaturized inertial navigation system for DARPA
Thursday, 5 Jun 2014 08:30am EDT 

Northrop Grumman Corp:Receives a contract from U.S. Army Aviation and Missile Research Development and Engineering Center to develop a miniaturized navigation grade inertial system for Defense Advanced Research Projects Agency.  Full Article

U.S. Air Force selects Northrop Grumman Corp for combatant and strategic command collaboration system
Monday, 2 Jun 2014 09:30am EDT 

Northrop Grumman Corp:U.S. Air Force has selects Northrop Grumman Corporation enhance and maintain Global Adaptive Planning Collaborative Information Environment (GAP CIE) software system with five year, indefinite delivery, indefinite quantity contract valued at up to $98 mln.  Full Article

Northrop Grumman Corp and Diamond Aircraft Collaborating on Intelligence-Gathering Aircraft Systems for Canadian
Wednesday, 28 May 2014 08:01am EDT 

Northrop Grumman Corp:Says it is collaborating with Diamond Aircraft Industries, Inc., to deliver new intelligence-gathering aircraft capabilities to Canadian and international markets.As part of this effort, Northrop Grumman will establish a presence in Ontario, near Diamond Aircraft's production facility at London International Airport.  Full Article


Russia, China aim to close military technology gap with U.S.: Hagel

NEWPORT Rhode Island - Russia and China are trying to close the technology gap with the U.S. military and developing weapons systems that appear designed to counter traditional U.S. advantages, Defense Secretary Chuck Hagel said on Wednesday.

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