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News Breaks
January 30, 2013
07:48 EDTNOCNorthrop says 2013 view assumes no government shutdown, no sequestration
Wes Bush, chairman and CEO said, "As we look ahead, we expect challenges, but we are confident in our team's ability to address those challenges and continue to create value for all our stakeholders." The company said its 2013 financial guidance is based on the assumption that the current six-month Continuing Resolution, or CR, will be immediately followed by appropriations, which, even if in the form of a full-year CR, will provide for program spending levels consistent with those set forth in the President's FY 2013 Budget request and that support and fund the company's programs. Guidance for 2013 also assumes there is no disruption or shutdown of government operations resulting from a federal government debt ceiling breach or lack of immediate appropriations following the current CR, that sequestration is not triggered, and any budgetary approach agreed by Congress to address longer term spending does not result in significant reductions to our customers' FY13 budget levels.
News For NOC From The Last 14 Days
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May 20, 2015
07:01 EDTNOCNorthrop Grumman increases quarterly dividend by 14% to 80c
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May 18, 2015
14:03 EDTNOCNorthrop Grumman says U.S. Navy approves use of VMS in nuclear submarines
Northrop Grumman reports that the U.S. Navy has approved the use of the company's voyage management system 9.3 onboard SSN and SSGN nuclear powered submarines. The VMS software will be installed on 55 SSNs and four SSGNs. Installations have already begun and will be completed by the end of 2016.
May 12, 2015
08:07 EDTNOCNorthrop Grumman wins contract to provide forensic, biometric capability in UK
Northrop Grumman has been awarded a GBP 28.8M contract by the United Kingdom Home Office to provide service and systems operations and maintenance to the Forensic and Biometric Interim Capability, otherwise known as FABrIC. Under the two-year FABrIC contract, a recompete of IDENT1, Northrop Grumman will maintain and enhance the IDENT1 core software. IDENT1 provides identity management and crime scene forensic systems, which use fingerprints to provide the principal means of forensically verifying or resolving identities in the United Kingdom for law enforcement. It is a bespoke service that is a critical part of the national infrastructure for policing.

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