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Northrop Grumman (NOC) reaches two settlements with the government: 1) Northrop will pay $325M...

Northrop Grumman (NOC) reaches two settlements with the government: 1) Northrop will pay $325M to settle civil claims about defective parts for spy satellites. 2) The gov't will pay Northrop $325M to settle a suit regarding stealth cruise missiles.
Comments (4)
  • fakeAppl
    , contributor
    Comments (7) | Send Message
     
    Wow, so no one pays anyone anything...
    3 Apr 2009, 10:13 AM Reply Like
  • Ryan Yamada
    , contributor
    Comments (60) | Send Message
     
    Maybe strucutred to look like that - I don't know enough about the tax treatment of the settlements to make that conclusion.
    3 Apr 2009, 10:28 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    And the lawyers get to collect for each settlement.
    3 Apr 2009, 10:54 AM Reply Like
  • OperativeWord
    , contributor
    Comments (61) | Send Message
     
    Boy, are bankers running that outfit?
    3 Apr 2009, 11:05 AM Reply Like
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