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Northrop Grumman Corporation

6/18/2013, 8:29 PM ET

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Wednesday, October 26, 2011, 12:05 AM Notable earnings before Wednesday's open: ADP, AEP, AGN, ARW, ATI, AVY, BA, BEAV, COP, CPX, DPS, EAT, EXC, F, GD, GLW, HBI, HCBK, HES, HSP, JBLU, JNY, LMT, MHS, MWV, MYL, NDAQ, NOC, OC, PLD, PX, RES, S, SAP, SEE, SO, TMO, UMC, WLP, WYN Comment! [Earnings]
Friday, October 21, 2011, 2:23 PM Defense contractors are outperforming in the wake of Honeywell's (HON +4.6%) strong Q3 report, which featured better-than-expected numbers from its Aerospace division. BA +2.7%. GD +2.8%. RTN +2.4%. NOC +2.6%. ATK +3.2%. (HON transcript) 1 Comment [On the Move]
Tuesday, October 18, 2011, 11:24 AM Star Wars defense redux? The Navy's ex-Chief of Naval Operations says the U.S. needs more long-range strike capability to support aircraft carrier groups increasingly stretched across the globe and facing large coastal defensive obstacles: "The U.S. has not had to deal with something like this since the Cold War." Contractors eager to bid: RTN, NOC, BA, GD. Comment! [U.S. Economy, Quick Ideas]
Tuesday, October 11, 2011, 2:25 PM Lockheed Martin (LMT +0.9%) competes with Northrop Grumman (NOC +0.4%) for a $1.7B contract from the U.S. Navy to develop a communications network (Canes) to link 190 ships, subs and operation centers over the next ten years. With the Navy's systems and equipment showing its age, the program is expected to survive defense budget cuts. Comment! [U.S. Economy]
Friday, October 7, 2011, 3:19 PM This is scary: A computer virus has hit the military's system used to fly drone missions overseas. Specialists say no classified info has been lost or sent to an outside source...before adding this zinger: "We keep wiping it off, and it keeps coming back...We think it’s benign. But we just don’t know." Companies tied to defense contracts for aerial drones include BA, LMT, AVAV, and NOC. 3 Comments [U.S. Economy]
Monday, September 19, 2011, 12:16 PM The Senate Appropriations Committee may have killed off two defense programs entirely after reducing funding (.pdf) and issuing a report noting major problems. On the chopping block: Northrop Grumman's (NOC -2.2%) Defense Weather Satellite System, Joint Light Tactical Vehicle being bid on by General Dynamics (GD -1.5%) and Lockheed Martin (LMT -0.1%). 1 Comment [U.S. Economy]
Wednesday, September 14, 2011, 5:06 PM "American leadership in aerospace and defense is being threatened by forces in Congress and the administration," says a coalition of manufacturers attempting to sink their teeth into the supercommittee. Defense spending- not including multiple wars - has doubled to more than $500B annually in the 10 years since 9/11. 5 Comments [U.S. Economy]
Tuesday, September 6, 2011, 1:16 PM The U.S. Postal Service's plan to cut spending by as much as $1B could hit the top-line of firms with lush USPS contracts. Postmaster General Patrick Donahoe is set to announce a plan to cut costs on Sept. 15, just ahead of a potential insolvency. Leading suppliers to the USPS: FedEx(FDX -1.1%), Northrop Grumman (NOC -0.7%), Siemens (SI -5.8%), H-P (HPQ -4.5%). Comment! [Quick Ideas, Consumer]
Wednesday, August 17, 2011, 1:18 PM Like healthcare companies dependent on Medicare, defense contractors such as LMT, NOC, GD, RTN have a lot to lose from the recent budget deal. After soaring from $220.6B in 2001 to $551.8B in 2009, the value of government contracts fell slightly to $532B last year, and is likely to drop further in the coming years. Comment! [Quick Ideas]
Tuesday, August 2, 2011, 2:03 PM Shares of Northrop Grumman (NOC -2.2%) move lower with other defense stocks, but look for a lift if the Air Force replaces U-2 spy planes with the $12B Global Hawk unmanned drone program. Despite cost overruns and reliability issues, the final push could be if ground commanders become more comfortable with the technology. Comment! [Tech]
Monday, August 1, 2011, 4:33 PM Aside from Medicare-dependent firms (I, II), defense contractors (PAA -1.2%) also have much to fear from "devastating" cuts via a debt deal. The Pentagon would take fully 50% of cuts imposed by any triggered second round of $1.2T in cuts, Lazard analyst Michael Lewis warns. LMT -1.7%, RTN -0.9%, NOC -1.5%, GD -0.9%, SAI -2.7%, LLL -3.2%. 2 Comments [On the Move]
Wednesday, July 27, 2011, 8:12 AM Northrop Grumman (NOC): Q2 EPS of $1.81 beats by $0.13. Revenue of $6.56B (-9.6% Y/Y) misses by $0.44B. (PR) Comment! [Earnings]
Wednesday, July 27, 2011, 12:05 AM Notable earnings before Wednesday's open: AET, AN, ARW, ATI, BA, COP, CP, DAL, DOW, DPS, ECL, ELN, ENR, EXC, GD, GLW, HES, HSP, IACI, LM, LVLT, LZ, MCO, MT, MWV, MYL, NDAQ, NEE, NOC, PX, RES, ROC, SO, STD, TEVA, TMO, TUP, WLP, WYN, ZMH Comment! [Earnings]
Tuesday, July 26, 2011, 3:10 PM David Einhorn's Greenlight Capital has taken a 5.1% stake in defense contractor Huntington Ingalls (HII +2.5%), according to an SEC filing. HII, a recent spinoff from Northrop Grumman (NOC), has lost more than 12% in the past three months, badly underperforming its peers. Einhorn sold out of some key positions in Q2, including [[YHOO], CAH and CIT. Comment!
Wednesday, July 20, 2011, 9:19 AM Northrop Grumman (NOC -0.3%) CEO Wes Bush has been handed the position of Chairman, effective immediately. Bush replaces Lewis Coleman. (PR) Comment!
Tuesday, July 12, 2011, 5:50 PM Some of the latest in corporate America's most outrageous acts, as chronicled by Daniel Gross: Athena Health (ATHN) shelled out $7.7M for a Maine beach resort; Ralph Lauren (RL) paid himself and relatives $34M; Northrop Grumman (NOC) paid its CEO $1.6M for "enhancements" to his new Virginia home and its CFO $750,000 to help facilitate the move. 12 Comments