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Northrop Grumman Corp (NOC)

NOC on New York Consolidated

299.89USD
20 Nov 2017
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$3.04 (+1.02%)
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Latest Key Developments (Source: Significant Developments)

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

Northrop Grumman announces leadership transitions
Tuesday, 26 Sep 2017 05:00pm EDT 

Sept 26 (Reuters) - Northrop Grumman Corp :Northrop Grumman announces leadership transitions.Northrop Grumman Corp - ‍northrop Grumman board of directors has elected Kathy J. Warden president and chief operating officer, effective Jan. 1, 2018​.  Full Article

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

UPDATE 3-Raytheon gets OK for $10.5 bln Patriot sale to Poland -Pentagon

Nov 17 The U.S. State Department approved a possible $10.5 billion sale of Raytheon Co's Patriot missile defense system to Poland, the Pentagon said on Friday.