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Northrop Grumman Corporation

5/23/2013, 5:33 PM ET

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Thursday, February 4, 2010, 8:38 AM Northrop Grumman (NOC): Q4 EPS of $1.19 misses by $0.07. Revenue of $8.9B (+1.7%) vs. $9B. (PR) Comment!
Thursday, February 4, 2010, 12:05 AM Notable earnings before Thursday's open: AGN, AVP, BCE, BCRX, BG, BKC, CI, CINF, CLX, DO, ENTG, HOT, K, MA, MCO, MF, NCR, NOC, RAI, RDS.A, SE, SLE, TEN Comment!
Monday, January 4, 2010, 4:15 PM Northrop Grumman (NOC +1.8%) will move its headquarters from Los Angeles to the nation's capital by summer 2011. About 30,000 employees work in California; NOC -0.5% AH. (PR) 5 Comments
Tuesday, December 1, 2009, 3:51 PM Northrop Grumman (NOC) bows out of bidding for the Air Force refueling tanker program as proposed, due to "contractual and financial burdens." Northrop and its partner - Airbus parent EADS - had claimed the Air Force gave previous pricing data to competitor Boeing (BA). The contract, which could be worth more than $35B, may be announced by June. (previously) Comment!
Monday, November 9, 2009, 5:56 PM On Northrop Grumman's (NOC) TASC sale analyst call, Barclays' Carter Copeland notes that prices for units sold by defense firms have consistently been higher than a sum-of-parts analysis would indicate, and wonders - if so - why don't they continue to carve themselves up? To which CFO Jim Palmer replies: Who says we aren't? 1 Comment
Sunday, November 8, 2009, 4:31 PM Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays (BCS), Royal Bank Of Canada (RY), Deutsche Bank (DB) and a lending unit of the Canada Pension Plan - are providing senior debt of well under $1B to fund the buyout, a figure that would have been a rounding error for one bank during the credit boom. 1 Comment
Sunday, November 8, 2009, 4:07 PM Sources say Northrop Grumman (NOC) will sell its TASC consulting unit to a pair of private-equity firms - KKR and General Atlantic - for $1.65B. TASC unit provides engineering and consulting services to the U.S. military and state governments. Welcome home LBOs. Update at 4:25: Confirmed. Northrop expects the sale to generate net cash proceeds of $1.1B, which it will use to repurchase shares. 1 Comment
Wednesday, October 21, 2009, 8:56 AM Northrop Grumman (NOC): Q3 EPS of $1.29 beats by $0.11. Revenue of $8.73B (+4.1%) vs. $8.58B. (PR) 1 Comment
Wednesday, October 21, 2009, 12:05 AM Notable pre-market earnings: AAI, AMR, APD, ATI, BA, CAL, ELN, FLIR, FCX, GENZ, HCBK, KEY, LLY, MAN, MO, MS, NITE, NOC, NTRS, OMC, PENN, STJ, USB, USG, WFC Comment!
Friday, October 2, 2009, 9:08 AM Northrop Grumman (NOC) beats out Boeing (BA) for a $3.8B contract to maintain and service the U.S. Air Force's fleet of KC-10 refueling tankers. Analysts called the win a "stunning upset," given that Boeing has been servicing the KC-10 since its introduction. 1 Comment
Tuesday, September 29, 2009, 2:19 PM Northrop Grumman (NOC +2.4%) is claiming the government gave competitor Boeing (BA +3.3%) an unfair edge in a battle over a potential $50B refueling-tanker contract through access to its previous pricing information. A year ago, a deal awarded to Northrop and Airbus parent EADS was scrapped after a protest by Boeing. Comment!
Thursday, August 20, 2009, 7:37 AM Northrop Grumman (NOC) reportedly plans to sell its Tasc unit, which advises military and intelligence agencies, for as much as $2B as the government prepares to tighten scrutiny of firms that both advise and sell equipment to the government. Comment!
Thursday, July 23, 2009, 9:03 AM Northrop Grumman (NOC): Q2 EPS of $1.29 in-line. Revenue of $8.96B (+4%) vs. $8.68B. (PR) Comment!
Thursday, July 23, 2009, 12:05 AM Notable earnings before Thursday's open: ALXN, BG, BLL, BMY, CBE, CELG, CLS, CME, DHR, DO, ECA, EMC, ESI, ESV, F, FITB, FLIR, GR, HBAN, HOT, HSY, IGT, JBLU, KMB, LCC, LLL, MMM, NCR, NEM, NIHD, NOC, NUE, NYT, OMC, ORI, OXY, PLD, PM, PNC, POT, R, RAI, RS, RTN, RX, SIAL, SPNC, T, TIN, TMO, TRA, UNP, UPS, WYE, XRX, ZMH Comment!
Friday, June 12, 2009, 8:50 AM The Pentagon terminates Northrop Grumman's (NOC) missile-defense program, once valued at $6.3B, as part of a restructuring of missile-defense efforts under the proposed fiscal 2010 budget. Northrop had already carried out about $1.2B of work. 6 Comments
Wednesday, April 22, 2009, 8:06 AM Northrop Grumman (NOC): Q1 EPS of $1.17 beats by $0.09. Revenue of $8.32B (+7.7%) vs. $7.98B. Full-year guidance in line. Shares +0.6% premarket. (PR) Comment!