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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:45 EDTNOC, CVUCPI Aerostructures announces $11.45M purchase order from Northrop Grumman
CPI Aerostructures (CVU) announced that on December 20, 2012 it received an $11.45M purchase order from Northrop Grumman Corporation (NOC) for Outer Wing Panel kits. The kits are for use in the manufacture of complete wings for the C-2A Greyhound, a high-wing carrier on-board delivery aircraft used by the Navy. This order was included in the previously reported total contract awards of approximately $81.6M, received from all customers in 2012.
News For CVU;NOC From The Last 14 Days
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November 24, 2014
09:19 EDTNOCDefense Secretary Hagel said to be stepping down, NY Times reports
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November 21, 2014
16:06 EDTCVUCPI Aerostructures receives protest in connection with F-16 wing contract
CPI Aerostructures announced that its status as a small business concern has been protested in connection with its previously announced receipt of a U.S. Government prime contract from the Defense Logistics Agency to provide structural wing components and logistical support for F-16 aircraft maintenance, repair and overhaul operations. The company has been notified by the U.S. Small Business Administration that the SBA will be making a determination of the size status of the company after the company provides required information to the SBA. Because of the protest, the company has received a stop-work order from the DLA. The company is preparing its response to the SBA.
November 20, 2014
08:04 EDTNOCNorthrop Grumman appoints Patrick M. Antkowiak as CTO
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November 19, 2014
13:16 EDTNOCNorthrop Grumman awarded $121M contract by NASA
Northrop Grumman Corporation has been awarded a $121M contract by NASA to build and deliver the third Advanced Technology Microwave Sounder for NOAA's Joint Polar Satellite System. Under the cost-plus-award-fee contract, Northrop Grumman will manufacture, test and deliver the ATMS instrument, support instrument integration on the JPSS-2 spacecraft, and provide launch and post-launch support. This ATMS instrument will be the third flight unit overall and is slated for launch on the second JPSS satellite in 2021. The second ATMS is scheduled for delivery in the spring of 2015 to fly aboard the JPSS-1 satellite, which is scheduled to launch in 2017. NASA is responsible for developing and building the JPSS instruments and spacecraft, and NOAA is responsible for operating the JPSS satellites and providing data to users around the globe.
09:13 EDTNOCNorthrop Grumman to hold a media briefing
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07:55 EDTCVUCPI Aerostructures to host analyst/investor meeting
Analyst/Investor Meeting to be held in New York on November 24 at 9:45 am. Webcast Link
November 18, 2014
09:02 EDTNOCNorthrop Grumman awarded $116M contract by U.S. military
Northrop Grumman has received an award of $116M to upgrade AN/AAQ-28 LITENING Advanced Targeting Systems for the U.S. military. Under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps. This award will bring all Air Force Block 1 pods to the G4 configuration, completing the service's transition to the latest version of the LITENING system.
November 17, 2014
08:47 EDTCVUCPI Aerostructures awarded $53.5M contract for F-16 wing components from DLA
CPI Aerostructures announced that it has received a U.S. Government prime contract from the Defense Logistics Agency, or DLA, to provide structural wing components and logistical support for global F-16 aircraft maintenance, repair and overhaul, or MRO, operations. DLA Aviation, Richmond, VA is the contracting activity. CPI Aero will support wing MRO efforts for both the U.S. fleet of more than 1,000 F-16 aircraft as well as the nearly 1,900 F-16s flown by air forces around the world. The term of the contract is for a period of 5 years, with a single option for an additional 3-year period. The company estimates the value of the contract, including options, to be approximately $53.5M.
08:18 EDTNOCNorthrop Grumman awarded Marine Corp. helicopter computer contract
Northrop Grumman has been awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for the Marine Corps' H-1 helicopter upgrade program. Under this contract, Northrop Grumman will provide FlightPro Gen III mission computers for the UH-1Y and AH‑1Z aircraft. These aircraft will be the first to benefit from the latest model in the FlightPro product line. Deliveries will be completed by October 2017.
November 14, 2014
09:31 EDTNOCNorthrop Grumman downgraded to Hold from Buy at Drexel Hamilton
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09:02 EDTNOCNorthrop Grumman awarded $210M contract from US Air Force
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November 12, 2014
11:03 EDTNOCNorthrop Grumman awarded $306M contract from DoD
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08:05 EDTNOCGoldman to hold a conference
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