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News Breaks
November 8, 2009
17:53 EDTNOC
theflyonthewall.com: Northrop Grumman sells TASC unit for $1.65B
Northrop Grumman Corp. has signed a definitive agreement to sell TASC , its advisory services business, for $1.65B in cash to an investor group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. :theflyonthewall.com



News For NOC From The Last 14 Days
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February 13, 2012
10:01 EDTNOC
theflyonthewall.com: Northrop Grumman awarded $37M by U.S. Navy
The U.S. Navy has awarded Northrop Grumman $37M for the Consolidated Afloat Networks and Enterprise Services production and limited deployment phase. The contract includes options that would raise the cumulative value of the contract to $638M, if all options are exercised. CANES will consolidate and modernize shipboard network systems to improve operational effectiveness and affordability across the fleet. Under the modification to the CANES contract awarded in March 2010, Northrop Grumman will produce the initial CANES shipsets for installation. CANES is planned to deploy on a fleet destroyer in late FY12. :theflyonthewall.com
08:12 EDTNOC
theflyonthewall.com: Northrop Grumman announces follow-on awards

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07:36 EDTNOC
theflyonthewall.com: Northrop Grumman delivers integrated bridge system for Turkish Megayacht

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February 11, 2012
12:38 EDTNOC
theflyonthewall.com: Pentagon budget to cut weapons procurement, Bloomberg says

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February 8, 2012
12:14 EDTNOC
theflyonthewall.com: Northrop Grumman wins $103M Army National Guard contract

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11:01 EDTNOC
theflyonthewall.com: Northrop Grumman awarded contract valued at nearly $19M
Northrop Grumman has been awarded a contract by the U.S. Naval Supply Systems Command to repair avionics equipment on the SH-60 Seahawk helicopter and the EA-6B Prowler jet.Under a five-year, fixed-price contract valued at nearly $19M with NAVSUP Weapon Systems Support, Northrop Grumman will repair the ASN-150 and ASN-123 tactical navigation/tactical data systems, including Doppler Radar avionics equipment, on the SH-60 and EA-6B aircraft. :theflyonthewall.com

February 7, 2012
08:36 EDTNOC
theflyonthewall.com: Northrop Grumman's Chief Sensor Manager to speak at summit
Ted Zavodny, Chief Sensor Manager of Technologies for the Global Hawk at Northrop Grumman, addresses the Institute for Defense & Government Advancement's 5th Annual Military Radar Summit with a speech entitled, "Overview of Global Hawk Radar Technology", in Alexandria, Virginia on February 7 at 1:15 pm. :theflyonthewall.com

February 6, 2012
08:13 EDTNOC
theflyonthewall.com: Northrop Grumman selected for U.S. Army program

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06:53 EDTNOC
theflyonthewall.com: Government contractors cut costs last quarter, Washington Post reports
Government contractors such as Northrop Grumman (NOC) and Booz Allen Hamilton (BAH) cut expenses during Q4 in order to keep their profits high, according to The Washington Post. Some analysts, however, question, whether the cost-cutting can continue over the long-term, the newspaper added. Reference Link :theflyonthewall.com

February 2, 2012
10:19 EDTNOC
theflyonthewall.com: On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Buy at Citigroup...JDSU (JDSU) downgraded to Neutral from Buy at UBS...Vanguard Health (VHS) downgraded to Market Perform from Outperform at Wells Fargo...Steel Dynamics (STLD) downgraded to Neutral from Buy at BofA/Merrill...AK Steel (AKS) downgraded to Underperform from Neutral at BofA/Merrill...Northrop Grumman (NOC) downgraded to Underperform from Neutral at BofA/Merrill...Sykes Enterprises (SYKE) downgraded to Neutral from Outperform at RW Baird...NYSE Euronext (NYX) downgraded to Market Perform from Outperform at BMO Capital...QuinStreet (QNST) downgraded to Hold from Buy at ThinkEquity...Edwards Lifesciences (EW) downgraded to Neutral from Outperform at Credit Suisse...Ann Inc. (ANN) downgraded to Underweight from Neutral at Piper Jaffray...Johnson & Johnson (JNJ) downgraded to Market Perform from Outperform at First Global. :theflyonthewall.com
07:20 EDTNOC
theflyonthewall.com: Northrop Grumman downgraded at BofA/Merrill

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06:18 EDTNOC
theflyonthewall.com: Northrop Grumman downgraded to Underperform from Neutral at BofA/Merrill

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February 1, 2012
17:21 EDTNOC
theflyonthewall.com: Northrop Grumman awarded $157.94M government contract

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09:51 EDTNOC
theflyonthewall.com: Northrop Grumman says sees cash flow weighted toward 2H12

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09:50 EDTNOC
theflyonthewall.com: Northrop Grumman sees FY12 tech services sales $2.6B-$2.7B
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09:47 EDTNOC
theflyonthewall.com: Northrop Grumman sees FY12 IS sales $7.4B-$7.6B
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09:47 EDTNOC
theflyonthewall.com: Northrop Grumman says sees modest decline in ES revenues in 2012

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09:42 EDTNOC
theflyonthewall.com: Northrop Grumman says "well aligned" with Pentagon's new strategy

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09:41 EDTNOC
theflyonthewall.com: Northrop Grumman says "disappointed" in cancellation of Hawk Block 30 program

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09:39 EDTNOC
theflyonthewall.com: Northrop Grumman sees growth of about 2% in core portfolio in 2012
Sees range of uncertainty from defense budget decisions representing up to about 3% of sales off the top end of the range. :theflyonthewall.com
09:38 EDTNOC
theflyonthewall.com: Northrop Grumman says FY12 sales view has $500M impact from portfolio shaping

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07:53 EDTNOC
theflyonthewall.com: Northrop Grumman sees FY12 free cash flow $1.8B-$2.1B

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07:52 EDTNOC
theflyonthewall.com: Northrop Grumman reports Q4 adjusted EPS $1.85 vs. consensus $1.67

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07:19 EDTNOC
theflyonthewall.com: Northrop Grumman repurchased 40.2M shares in 2011 for $2.3B

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07:18 EDTNOC
theflyonthewall.com: Northrop Grumman repurchased 11.8M shares in Q4 for $649M

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07:12 EDTNOC
theflyonthewall.com: Northrop Grumman sees FY12 EPS cont-op $6.40-$6.70 vs. consensus $6.80

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07:09 EDTNOC
theflyonthewall.com: Northrop Grumman reports Q4 EPS $2.09 vs. consensus $1.67
Reports Q4 revenue $6.5B vs. consensus $6.67B. :theflyonthewall.com

January 31, 2012
15:15 EDTNOC
theflyonthewall.com: Companies reporting Before the Market Open on Wednesday, February 1

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