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Stock Market & Financial Investment News

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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February 18, 2015
10:05 EDTNOCOn The Fly: Analyst Downgrade Summary
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07:28 EDTNOCNorthrop Grumman downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Northrop Grumman to Market Perform citing high valuation. Price target raised to $184 from $177.

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