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Stock Market & Financial Investment News

News Breaks
May 27, 2014
11:02 EDTNOC, GDNorthrop Grumman awarded contract by General Dynamics Electric Boat
Northrop Grumman (NOC) has been awarded a contract by shipbuilder General Dynamics (GD) Electric Boat to complete detailed design and subsequent manufacturing, assembly, qualification and delivery of the first turbine generator units for the Ohio Replacement Program , the U.S. Navy's next-generation ballistic nuclear submarine. The turbine generators provide all of the submarine's propulsion and other electrical power requirements. This award follows separate ORP contract awards from General Dynamics to Northrop Grumman's Marine Systems business unit for other ORP components. The ORP plan is to design and build a new class of 12 ballistic missile submarines to replace the Navy's current force of 14 Ohio-class SSBNs, which will be retired starting in 2027.
News For NOC;GD From The Last 14 Days
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April 20, 2015
10:01 EDTNOCNorthrop Grumman, Caltech establish space solar power initiative
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April 16, 2015
08:02 EDTNOCNorthrop Grumman signs lease agreement as anchor in North Dakota technology park
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April 15, 2015
17:22 EDTNOCNorthrop Grumman awarded $105.29M government contract modification
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April 14, 2015
09:06 EDTNOCNorthrop Grumman expands cyber work with University of Maryland
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05:18 EDTNOCNorthrop Grumman opens new cyber center in UK
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April 10, 2015
10:01 EDTNOCNorthrop Grumman signs DOD mentor-protege agreement
Northrop Grumman has signed a new U.S. Department of Defense mentor-protege agreement with the Missile Defense Agency mentor-protege program office in Huntsville. The DOD mentor-protege program encourages prime contractors to help small businesses increase their participation in federal subcontracts and establish long-term relationships with prime contractors. Under the 36-month agreement, Northrop Grumman will assist QTEC to enhance QTEC's engineering and technology capabilities, business infrastructure and business development. Key focus areas include information assurance and DOD certifications, cybersecurity operations, emerging security technologies and systems engineering.
06:22 EDTGD, NOCDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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