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Northrop Grumman Corporation (NOC)

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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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  • Oct. 17, 2012, 10:00 AM
    Northrop Grumman (NOC) announces three new orders, with one being an eight year contract to provide training data products to the Navy's Air Warfare Center Training Systems Division. Northrop will also supply a machinery control system for the LHA-7 amphibious assault ship in a $50.6M contract. In addition, Northrop receives a $32M booking to modernize the army's Joint Tactical Ground Station.
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  • Oct. 11, 2012, 10:15 AM
    With defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1.
    | 5 Comments
  • Oct. 2, 2012, 10:55 AM
    Tighter military budgets in the U.S. and Europe have reduced revenues for the top weapons makers by nearly 1% in H1, and are likely to continue to depress sales for the remainder of the year. The top 20 global aerospace and defense companies reported a $1.3B drop in revenues in the first half, following a 3.3% decline in 2011. The decline however, was offset by record-setting production of commercial aircraft, driving commercial revenues 14.9% higher and helping to increase overall revenues in the combined A&D sector by $7.2B, or 5.5%, over the same period.
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  • Sep. 17, 2012, 2:02 PM
    Northrop (NOC +0.2%) is in talks with the Air Force to keep its Block 30 long-range Global Hawk drones active. The program, which has been in the cross-hairs for cost-cutting, would remain in service for at least another year if the talks are successful. NOC's contract for the drones was set to expire next month.
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  • Sep. 16, 2012, 4:27 AM
    Boeing (BA), Northrop Grumman (NOC) and other major U.S. aerospace and defense companies are weighing their responses to EADS's proposed merger with BAE Systems, the WSJ reports. Options include opposing the tie-up or trying to forge their own deals, although companies are unlikely to make immediate moves.
    | 1 Comment
  • Sep. 13, 2012, 11:49 AM
    Northrop Grumman (NOC -2.8%) slips on a downgrade to Sell on valuation at UBS this morning, citing concerns over it's outsized exposure to a declining U.S. defense budget. As our military commitments draw down globally, the looming fiscal cliff debate puts it squarely against cuts to hot point programs like Medicare coverage, Social Security benefits and safety net programs for the poor.
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  • Sep. 13, 2012, 10:18 AM
    EADS's merger talks with BAE come as defense budgets are being slashed, and executives and U.S. government officials expect further consolidation in the industry, particularly among smaller and medium-sized players. It might even involve the bigger players: the WSJ speculates that Boeing (BA) could rekindle talks with BAE or carry out a long-rumored tie-up with Northrop Grumman (NOC).
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  • Sep. 7, 2012, 12:49 PM
    Stock buybacks are nice, but history suggests companies tend to do so just when profits (and the share price) are at their plumpest. Here are a few companies buying back shares trading at a discount to the market multiple: AET, DELL, HPQ, STX, WDC, LLL, NOC, GME.
    | 1 Comment
  • Aug. 28, 2012, 3:52 PM
    The smart money is selling some upwardly mobile industrial names right now, says Seeking Alpha contributor Kapitall. The firm screened for industrial stocks trading near their highs that were impacted by significant net institutional sales over the last quarter of at least 5% of their share float. Those Kapitall anticipates to underperform over the near term include: Avery Dennison (AVY +0.2%), Emerson Electric (EMR +0.2%), Honeywell (HON +0.4%), Lockheed Martin (LMT +0.3%), Northrop Grumman (NOC -0.2%) and Snap-on (SNA -0.1%).
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  • Aug. 23, 2012, 9:45 AM
    RBC downgrades Northrop Grunman (NOC -0.8% to $67.25) to "underperform" from "sector perform" and gives it a price target of $68, citing uncertainty in Northrop's key DoD end markets and further spending cuts.
    | 1 Comment
  • Aug. 16, 2012, 6:28 AM
    Northrop Grumman (NOC) declares $0.55/share quarterly dividend, in line with previous. Forward yield 3.22%. For shareholders of record Aug 27. Payable Sep 12. Ex-div date Aug 23. (PR)
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  • Aug. 3, 2012, 2:49 PM
    Surprise, surprise: After the U.S. Postal Service defaults on a $5.5B payment to fund healthcare for future retirees and sees warnings pop up right and left that even more dramatic operational defaults could occur, a peak at which companies the USPS might leave holding the bag could be of interest. Northrop Grumman (NOC +1.4%), United Continental (UAL +0.9%), and UPS (UPS +1.2%) all brought in more than $100M last year from the USPS, but topping the list is FedEx (FDX +2.4%) at $1.495B.
    | 1 Comment
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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