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Northrop Grumman Corp (NOC.N)

NOC.N on New York Stock Exchange

316.37USD
19 Jan 2018
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$2.07 (+0.66%)
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Latest Key Developments (Source: Significant Developments)

Orbital ATK Receives Second Request From Federal Trade Commission
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Orbital Atk Inc ::ORBITAL ATK RECEIVES SECOND REQUEST FROM FEDERAL TRADE COMMISSION.‍CONTINUES TO EXPECT ACQUISITION TO CLOSE IN FIRST HALF OF 2018, AFTER RECEIVING REGULATORY APPROVALS​.ORBITAL - ‍ SECOND REQUEST IS PART OF REGULATORY PROCESS IN CONNECTION WITH FTC'S REVIEW OF NORTHROP GRUMMAN'S PROPOSED ACQUISITION OF ORBITAL ATK​.  Full Article

Orbital Stockholders Approve Acquisition By Northrop Grumman Corporation
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Orbital ATK Inc ::ORBITAL ATK STOCKHOLDERS APPROVE ACQUISITION BY NORTHROP GRUMMAN CORPORATION.SAYS ‍HOLDERS OF MORE THAN 99% OF CO'S STOCK VOTED IN FAVOR OF APPROVING AND ADOPTING MERGER AGREEMENT​.SAYS EXPECTS TRANSACTION TO CLOSE IN FIRST HALF OF 2018, PENDING RECEIPT OF REGULATORY APPROVALS​.  Full Article

Northrop Grumman will not submit bid on MQ-25 program
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Northrop Grumman Corp ::Says notified Navy that Northrop Grumman will not be submitting a bid on the MQ-25 program - conf call.Sees 2017 aerospace systems sales of $11.7 billion to $11.8 billion versus prior guidance of $11.5 billion to $11.7 billion - conf call.Sees 2017 mission systems sales range between $11.2 billion and $11.3 billion versus prior guidance of $11.1 billion to $11.3 billion.Sees 2017 technology services sales of about $4.7 billion - conf call.Says submitted a bid for the joint STARS recap program as a prime - conf call.  Full Article

Northrop Grumman Corp reports qtrly earnings per share of $3.68 ‍​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Northrop Grumman Corp :Northrop Grumman Corp - qtrly earnings per share $3.68 ‍​.Northrop Grumman Corp - 2017 sales guidance increased to approximately $25.5 billion - SEC filing‍​.Northrop Grumman Corp - qtrly aerospace systems sales of $3,082 ‍​ million versus $2,782 million.Northrop Grumman Corp - qtrly sales $6,527 million versus $6,155 million.Northrop Grumman Corp - 2017 EPS guidance increased to $12.90 - $13.10.FY2017 earnings per share view $12.55, revenue view $25.38 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $2.92 -- Thomson Reuters I/B/E/S.Q3 revenue view $6.33 billion -- Thomson Reuters I/B/E/S.Northrop Grumman Corp sees 2017 capital expenditures of about $900 mln‍​.  Full Article

Northrop Grumman prices $8.25 billion debt offering
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Northrop Grumman Corp :Northrop Grumman prices $8.25 billion debt offering.  Full Article

Northrop Grumman is nearing a purchase of Orbital ATK - WSJ
Sunday, 17 Sep 2017 

Sept 17 (Reuters) - :Northrop Grumman Corp is nearing a purchase of Orbital ATK Inc, a deal that could be worth upward of $7.5 billion - WSJ, citing sources.  Full Article

Northrop Grumman sets quarterly dividend of $0.90 per share
Wednesday, 17 Aug 2016 

Northrop Grumman Corp :Sets quarterly dividend of $0.90 per share.  Full Article

Northrop Grumman says awarded Department of Veterans Affairs contract
Thursday, 4 Aug 2016 

Northrop Grumman: Northrop grumman awarded Department of Veterans Affairs contract for health information technology .The multi-vendor indefinite-delivery contract has potential value of $22.3 billion over 10 yrs - a five-year base with 5-yr option period.  Full Article

Northrop says had no "material impact" related to Brexit vote in Q2 - Conf Call
Wednesday, 27 Jul 2016 

Northrop Grumman Corp : Says expected 2017 FAS expense would be about $200 million higher or $670 million . Says saw no material impact related to Brexit vote in second-quarter . Says see a higher level of capex on the "non-facilities side of things" in H2 2016 . Says margin rate co is realizing on F-35 program currently, is not what it expected at this level of maturity . Says co is talking about F-35 LRIP 9 and 10 contracts moving into full rate production, and would expect margins to be a bit higher . Says will move to performance-based payments as it gets on F-35 LRIP 9 and 10 contracts, which "will liquidate some of the withhold in terms of cash flow" Further company coverage: [NOC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Northrop Grumman reports quarterly earnings of $2.85/share
Wednesday, 27 Jul 2016 

Northrop Grumman Corp : Q2 earnings per share $2.85 . Q2 sales rose two percent to $6.0 billion . Q2 earnings per share view $2.53, revenue view $5.99 billion -- Thomson Reuters I/B/E/S . Quarterly pension-adjusted diluted EPS $2.60 . Increased its guidance for 2016 diluted earnings per share to a range of $10.75 to $11.00 . Full year forecast increased to reflect about $40 million, or $0.20 per share, tax benefit to be recorded in Q3 of 2016. . Northrop Grumman Corp says Q2 aerospace systems sales $2,600 million versus $2,498 million last year . IRS resolution will reduce Q3 2016 income tax expense by about $40 million or $0.20 per share . Aerospace systems Q2 sales increased four percent due to higher volume for manned aircraft and autonomous systems programs . Full year 2016 revenue view $23.79 billion -- Thomson Reuters I/B/E/S . In July, U.S. Congressional joint committee on taxation approved a resolution of IRS examination of company's 2007-2011 tax returns . Q2 aerospace systems sales $2.60 billion versus $2.50 billion . Full year 2016 earnings per share view $10.70 -- Thomson Reuters I/B/E/S . Guidance for company's 2016 effective tax rate and diluted earnings per share reflect Q3 2016 tax benefit .Sees 2016 sales of $23.5 billion to $24 billion.  Full Article

U.S government shutdown would increase Pentagon's weapons costs

WASHINGTON, Jan 19 A U.S. government shutdown will stall new defense department contracts and ultimately increase the costs of weapons, creating even more budgetary headaches as lawmakers grapple with a government funding crisis.