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Northrop Grumman Corporation (NOC)

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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.
  • 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.
  • 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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  • 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.
  • 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.
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  • 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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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