Edition:
United States

Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

267.85USD
13 Dec 2018
Change (% chg)

$-2.26 (-0.84%)
Prev Close
$270.11
Open
$269.68
Day's High
$270.55
Day's Low
$265.53
Volume
378,626
Avg. Vol
320,541
52-wk High
$360.68
52-wk Low
$246.00

Latest Key Developments (Source: Significant Developments)

Northrop Grumman Announces Change In Pension Accounting
Monday, 10 Dec 2018 04:33pm EST 

Dec 10 (Reuters) - Northrop Grumman Corp ::NORTHROP GRUMMAN ANNOUNCES CHANGE IN PENSION ACCOUNTING.NORTHROP GRUMMAN CORP - ADOPTS MARK-TO-MARKET METHOD TO SIMPLIFY PENSION ACCOUNTING.NORTHROP GRUMMAN CORP - NEW METHOD EXPECTED TO INCREASE 2018, 2019 AND 2020 EARNINGS FROM NET FAS/CAS ADJUSTMENT.NORTHROP GRUMMAN CORP - COMPANY WILL ADOPT MARK-TO-MARKET (MTM) METHOD OF ACCOUNTING.NORTHROP GRUMMAN - ELIMINATION OF AMORTIZATION OF GAINS AND LOSSES EXPECTED TO UP 2018 PRE-TAX EARNINGS BY $535 MILLION BEFORE Q4 MTM ADJUSTMENT.NORTHROP GRUMMAN - FOR 2019, ADOPTION OF MTM METHOD IS EXPECTED TO INCREASE NET FAS/CAS ADJUSTMENT TO $1.35 BILLION FROM $750 MILLION.NORTHROP GRUMMAN - FOR 2019, ADOPTION OF MTM METHOD EXPECTED TO INCREASE PRE-TAX EARNINGS BY ABOUT $600 MILLION, BEFORE ANY Q4 2019 MTM ADJUSTMENT.  Full Article

Northrop Grumman Sets Quarterly Dividend Of $1.20Per Share
Wednesday, 14 Nov 2018 06:01pm EST 

Northrop Grumman Corp ::SETS QUARTERLY DIVIDEND OF $1.20PER SHARE.  Full Article

Northrop Grumman Enters 5-Yr Senior Unsecured Revolving Credit Facility In Aggregate Principal Amount Of $2 Bln Under Credit Agreement
Friday, 17 Aug 2018 05:33pm EDT 

Aug 17 (Reuters) - Northrop Grumman Corp ::NORTHROP GRUMMAN CORP - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.NORTHROP GRUMMAN -ON AUG 17, ENTERED 5-YEAR SENIOR UNSECURED REVOLVING CREDIT FACILITY IN AGGREGATE PRINCIPAL AMOUNT OF $2 BILLION UNDER CREDIT AGREEMENT.NORTHROP GRUMMAN - NEW CREDIT AGREEMENT REPLACES EXISTING $1.6 BILLION 5-YEAR REVOLVING FACILITY ENTERED INTO ON JULY 8, 2015.  Full Article

Northrop Grumman Says CEO Wesley Bush's FY 2017 Total Compensation Was $18.9 Mln Versus $19.8 Mln In FY 2016
Friday, 30 Mar 2018 04:41pm EDT 

March 30 (Reuters) - Northrop Grumman Corp ::NORTHROP GRUMMAN CORP SAYS CEO WESLEY BUSH'S FY 2017 TOTAL COMPENSATION WAS $18.9 MILLION VERSUS $19.8 MILLION IN FY 2016 - SEC FILING.  Full Article

Northrop Grumman Corp Posts Q4 EPS Of $1.01
Thursday, 25 Jan 2018 06:32am EST 

Jan 25 (Reuters) - Northrop Grumman Corp ::Q4 EPS OF $1.01.MADE $500 MILLION PRE-TAX DISCRETIONARY PENSION CONTRIBUTION IN Q4 2017.Q4 SALES INCREASE 4 PERCENT TO $6.6 BILLION - SEC FILING.COMPANY EXPECTS 2018 SALES OF APPROXIMATELY $27 BILLION AND 2018 EPS OF $15.00 TO $15.25.Q4 EARNINGS PER SHARE VIEW $2.74, REVENUE VIEW $6.35 BILLION -- THOMSON REUTERS I/B/E/S.NORTHROP GRUMMAN - Q4 EPS OF $2.82, EXCLUDING TAX REFORM AND RELATED DISCRETIONARY PENSION CONTRIBUTION IMPACTS.FY2018 EARNINGS PER SHARE VIEW $14.23, REVENUE VIEW $26.91 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY AEROSPACE SYSTEMS SALES $3,005 MILLION VERSUS $2,872 MILLION.SEES 2018 CAPITAL EXPENDITURES ABOUT $1 BILLION.CO CURRENTLY EXPECTS ITS PREVIOUSLY ANNOUNCED ACQUISITION OF ORBITAL ATK WILL CLOSE IN THE FIRST HALF OF THIS YEAR.HIGHER ESTIMATED CAPITAL EXPENDITURES IN 2018 REFLECT THE BENEFITS OF TAX REFORM.NORTHROP GRUMMAN -HIGHER TAX EXPENSE FROM TAX CUTS & JOBS ACT, $500 MILLION DISCRETIONARY PRE-TAX PENSION CONTRIBUTION REDUCED Q4 NET EARNINGS BY $1.81/SHARE.  Full Article

Orbital ATK Receives Second Request From Federal Trade Commission
Wednesday, 6 Dec 2017 07:25pm EST 

Dec 6 (Reuters) - Orbital Atk Inc ::ORBITAL ATK RECEIVES SECOND REQUEST FROM FEDERAL TRADE COMMISSION.‍CONTINUES TO EXPECT ACQUISITION TO CLOSE IN FIRST HALF OF 2018, AFTER RECEIVING REGULATORY APPROVALS​.ORBITAL - ‍ SECOND REQUEST IS PART OF REGULATORY PROCESS IN CONNECTION WITH FTC'S REVIEW OF NORTHROP GRUMMAN'S PROPOSED ACQUISITION OF ORBITAL ATK​.  Full Article

Orbital Stockholders Approve Acquisition By Northrop Grumman Corporation
Wednesday, 29 Nov 2017 10:09am EST 

Nov 29 (Reuters) - Orbital ATK Inc ::ORBITAL ATK STOCKHOLDERS APPROVE ACQUISITION BY NORTHROP GRUMMAN CORPORATION.SAYS ‍HOLDERS OF MORE THAN 99% OF CO'S STOCK VOTED IN FAVOR OF APPROVING AND ADOPTING MERGER AGREEMENT​.SAYS EXPECTS TRANSACTION TO CLOSE IN FIRST HALF OF 2018, PENDING RECEIPT OF REGULATORY APPROVALS​.  Full Article

Northrop Grumman will not submit bid on MQ-25 program
Wednesday, 25 Oct 2017 01:05pm EDT 

Oct 25 (Reuters) - Northrop Grumman Corp ::Says notified Navy that Northrop Grumman will not be submitting a bid on the MQ-25 program - conf call.Sees 2017 aerospace systems sales of $11.7 billion to $11.8 billion versus prior guidance of $11.5 billion to $11.7 billion - conf call.Sees 2017 mission systems sales range between $11.2 billion and $11.3 billion versus prior guidance of $11.1 billion to $11.3 billion.Sees 2017 technology services sales of about $4.7 billion - conf call.Says submitted a bid for the joint STARS recap program as a prime - conf call.  Full Article

Northrop Grumman Corp reports qtrly earnings per share of $3.68 ‍​
Wednesday, 25 Oct 2017 06:55am EDT 

Oct 25 (Reuters) - Northrop Grumman Corp :Northrop Grumman Corp - qtrly earnings per share $3.68 ‍​.Northrop Grumman Corp - 2017 sales guidance increased to approximately $25.5 billion - SEC filing‍​.Northrop Grumman Corp - qtrly aerospace systems sales of $3,082 ‍​ million versus $2,782 million.Northrop Grumman Corp - qtrly sales $6,527 million versus $6,155 million.Northrop Grumman Corp - 2017 EPS guidance increased to $12.90 - $13.10.FY2017 earnings per share view $12.55, revenue view $25.38 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $2.92 -- Thomson Reuters I/B/E/S.Q3 revenue view $6.33 billion -- Thomson Reuters I/B/E/S.Northrop Grumman Corp sees 2017 capital expenditures of about $900 mln‍​.  Full Article

Northrop Grumman prices $8.25 billion debt offering
Tuesday, 10 Oct 2017 05:50pm EDT 

Oct 10 (Reuters) - Northrop Grumman Corp :Northrop Grumman prices $8.25 billion debt offering.  Full Article

Photo

Northrop Grumman wins $450 million U.S. defense contract: Pentagon

WASHINGTON The U.S. Defense Department on Thursday awarded a $450 million contract to Northrop Grumman Corp to produce the Joint Threat Emitter, a mobile air defense threat simulator, as well as support equipment, testing and training.