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Stock Market & Financial Investment News

News Breaks
July 8, 2014
11:02 EDTATK, NOCNorthrop Grumman, ATK complete testing of PMBSS
Northrop Grumman (NOC) and ATK (ATK) have completed static testing of the primary mirror backplane support structure, moving NASA's James Webb Space Telescope one step closer to its 2018 launch. The structure was delivered to Northrop Grumman's facilities in Redondo Beach, completing a path program milestone. Static testing demonstrates that the backplane has the structural integrity to withstand the forces and vibrations of launch, and is the final test prior to starting the integration of the backplane with the rest of the telescope.
News For NOC;ATK From The Last 14 Days
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December 16, 2014
17:21 EDTNOCNorthrop Grumman awarded $657.4M government contract
Northrop Grumman Systems has been awarded a $657.4M hybrid contract including firm-fixed-price, cost-plus-incentive-fee and cost-plus-fixed-fee undefinitized contract action for aircraft for the Republic of Korea. Contractor will provide four RQ-4B Block 30 Global Hawk air vehicles, two spare engines, and the applicable Ground Control Environment elements. Each will contain an Enhanced Integrated Sensor Suite. Work will be performed at San Diego, California, and is expected to be complete by June 28, 2019. This contract involves foreign military sales. This award is the result of a sole-source acquisition.
December 15, 2014
17:01 EDTNOCNorthrop Grumman names Carl Hahn Chief Compliance Officer
Northrop Grumman has named Carl Hahn vice president, chief compliance officer, effective Jan. 15. Hahn is succeeding Judy Perry Martinez, who will be retiring, and will report to Sheila C. Cheston, corporate vice president and general counsel.
December 11, 2014
15:35 EDTNOCNorthrop Grumman renews service contract with Carisbrooke Shipping
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December 9, 2014
10:01 EDTNOCNorthrop Grumman selected by Lockheed Martin to supply navigation system
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December 8, 2014
16:36 EDTNOCNorthrop Grumman CFO Palmer to retire, Kenneth Bedingfield elected CFO
Northrop Grumman announced that its board has elected Kenneth L. Bedingfield, corporate vice president and CFO, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. The company expects to file its annual report in February 2015, at which time Palmer will continue as a corporate vice president with the company until he retires in the summer of 2015. This will facilitate an orderly transition. Bedingfield joined Northrop Grumman in 2011.
December 5, 2014
10:00 EDTNOCOn The Fly: Analyst Upgrade Summary
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09:56 EDTATKATK to host special shareholder meeting
Special shareholder meeting to be held in Arlington, VA on December 9 at 9 am.
07:55 EDTNOCNorthrop Grumman upgraded at Bernstein
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06:54 EDTNOCNorthrop Grumman upgraded to Outperform from Market Perform at Bernstein
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06:40 EDTNOCNorthrop Grumman upgraded to Conviction Buy from Buy at Goldman
Goldman added Northrop to the Conviction Buy List to reflect strength in its largest program, JSF, favorable macro exposures that include a bottoming in the U.S. defense budget, and strong free cash flow. Price target raised to $165 from $163.

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