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Northrop Grumman Corporation (NOC)

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  • Feb. 22, 2013, 3:57 AM
    Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's purchasers and program managers to start talking to suppliers about the plans for implementing $46B of automatic cost reductions, which are due to take effect next Friday. The impact of the cuts will be exacerbated by the DOD not receiving an appropriation for this year, with much of its money in the wrong accounts.
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  • Feb. 20, 2013, 5:55 AM
    Northrop Grumman Corporation (NOC) declares $0.55/share quarterly dividend, in line with previous. Forward yield 3.32%. For shareholders of record Mar. 04. Payable Mar. 20. Ex-div date Feb. 28. (PR)
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  • Feb. 9, 2013, 8:25 AM
    Shares of big defense companies - NOC, GD, LMT - have dropped during the past two weeks ahead of possible federal budget cuts coming March 1. D.C. politicians may yet kick the can down the road, but some say House Republicans won't flinch, since defense spending "can always be replaced [later] during the appropriations process, after the cuts are put into place."
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  • Jan. 30, 2013, 8:57 AM
    More on Northrop Grumman (NOC -0.4%) Q4: net profit from continuing operations -2.7% to $533M as revenue slips 0.5%. Forecasts 2013 EPS $6.85-$7.15 vs $7.81 in 2012 and consensus of $6.97; sales seen at $24B vs $25.2B and $24.4B. NOC attributes the expected sharp drop in earnings to defense cuts. Q4 revenue breakdown: aerospace +7% to $2.6B, electronic-systems -5% to $1.78B.
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  • Jan. 30, 2013, 7:03 AM
    Northrop Grumman (NOC): Q4 EPS of $2.06 beats by $0.31. Revenue of $6.47B beats by $0.14B. (PR)
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  • Jan. 30, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC
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  • Jan. 29, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC
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  • Dec. 5, 2012, 6:05 AM
    The Senate yesterday unanimously approved a bill authorizing $631.4B for defense spending for this fiscal year, slightly below the House's $635.2B package. The Senate measures face a veto threat from President Obama over an amendment related to Guantanamo Bay detainees. Should Obama sign the act into law, contractors that would benefit include Huntington Ingalls Industries (HII), Boeing (BA) and GD (GD).
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  • Nov. 29, 2012, 8:39 AM
    Frank Kendall, the Pentagon's chief weapons buyer, reassured defense execs yesterday that "there's a lot of money still to be made" even in the worst case scenario that automatic spending cuts of $50B a year kick in from January. That's on top of $487B of cuts over ten years that aren't up for negotiation in talks over the fiscal cliff.
    | 3 Comments
  • Nov. 14, 2012, 6:04 PM
    Northrop Grumman (NOC) declares $0.55/share quarterly dividend, in line with previous. Forward yield 3.46%. For shareholders of record Nov. 26. Payable Dec. 12. Ex-div Nov. 21. (PR)
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  • Nov. 14, 2012, 9:40 AM
    The Pentagon yesterday launched its "Better Buying Power 2.0" initiative, which is intended to "wring every possible cent of value" from the falling defense budget. The first version of the scheme saved $2B of the projected cost of replacing the navy's aging Ohio-class submarines. LMT, BA, NOC, GD and RTN are among those likely to be watching closely, especially with the fiscal cliff coming up.
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  • Nov. 6, 2012, 6:03 PM
    Northrop Grumman (NOC) has entered a long-term contract with the advanced composites manufacturer Terma A/S in Denmark to manufacture component parts for the international F-35 Lightning II program. The contract has a potential value of more than $97M and, equally important, demonstrates the company's commitment to globally supporting the F-35 Lightning II project.
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  • Nov. 2, 2012, 11:26 AM
    In an effort to avoid giving repeat orders to Israel's Rafael, the Indian Air Force has decided to solicit bids from several companies around the world for six additional aerostat radars worth over $400M. Lockheed Martin (LMT), Northrop Grumman (NOC +0.5%) and BAE Systems (BAESY.PK) are among the firms expected to compete for the deal.
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  • Oct. 24, 2012, 7:04 AM
    Northrop Grumman (NOC): Q3 EPS of $1.73 beats by $0.04. Revenue of $6.27B (-5.2% Y/Y) misses by $70M. (PR)
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  • Oct. 24, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: AEP, ALXN, ATI, BA, BMY, CP, DAL, DPS, DTE, EAT, ECA, ELN, EMC, GD, GLW, HCBK, IACI, KMB, LCC, LL, LLY, LMT, LO, LVLT, MSI, NDAQ, NEE, NOC, NYB, OC, PVR, PX, RCI, REGN, RES, SAP, T, TMO, TROW, WYN
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  • Oct. 23, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AEP, ALXN, ATI, BA, BMY, CP, DAL, DPS, DTE, EAT, ECA, ELN, EMC, GD, GLW, HCBK, IACI, KMB, LCC, LL, LLY, LMT, LO, LVLT, MSI, NDAQ, NEE, NOC, NYB, OC, PVR, PX, RCI, REGN, RES, SAP, T, TMO, TROW, WYN
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Company Description
Northrop Grumman Corporation is a security company providing systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance.
Country: United States