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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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October 2, 2015
17:28 EDTNOCNorthrop Grumman awarded $203.56M government contract modification
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September 30, 2015
17:43 EDTNOCNorthrop Grumman awarded $3.2B government contract
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September 25, 2015
09:02 EDTNOCNorthrop Grumman wins research contract from DHS
Northrop Grumman was awarded a contract from the Department of Homeland Security Science and Technology Directorate to develop advanced biometric solutions that will enhance mobile security for users while virtually eliminating the need for a password. Northrop Grumman will combine advanced behavioral sensing and modeling techniques, derived from two of its university research projects, to authenticate user identity. Instead of a password or pin, behavioral characteristics gathered by sensors on a device will authenticate user identity. Simply put, how a user picks up and handles a device - a highly secure and irreproducible function - will permit access. Under a $1.7M Mobile Technology Security research and development award, Northrop Grumman is leveraging a research project on threat behavior modeling originally developed through its Cybersecurity Research Consortium partner Carnegie Mellon University's cybersecurity institute, CyLab. In this approach, sensors on the device track and capture user behavior and compare that data against a user profile automatically derived through machine-learning techniques. This technology has since spun off into a company called Zense.
September 24, 2015
09:30 EDTNOCNorthrop Grumman selected by US Army to develop long range radar
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