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Stock Market & Financial Investment News

News Breaks
May 28, 2014
16:08 EDTNOCNorthrop Grumman begins sampling new compact InP ultra-LNA
Northrop Grumman has developed two high performance Monolithic Microwave Integrated Circuit, or MMIC, broadband ultra-low-noise amplifiers, or LNA, that are in production for immediate delivery. The cost-effective indium phosphide, or InP, high electron mobility transistor, or HEMT, LNAs are for use in E-band and W-band commercial, civil and military applications such as communication links, sensors, millimeter-wave imaging, radars and digital microwave radios. The compact die design of each LNA considerably reduces footprint size and exhibits unmatched ultra-low-noise performance and high gain.
News For NOC From The Last 14 Days
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July 22, 2014
10:01 EDTNOCNorthrop Grumman awarded $12M task order from U.S. Navy
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July 18, 2014
17:28 EDTNOCNorthrop Grumman awarded $300M government contract
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July 11, 2014
18:02 EDTNOCNorthrop Grumman awarded $198.9M government contract
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15:03 EDTNOCNorthrop Grumman names Mark Caylor as Chief Strategy Officer
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July 9, 2014
11:16 EDTNOCAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
July 8, 2014
13:01 EDTNOCNorthrop Grumman invests $20M to build new 25K square foot facility
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11:02 EDTNOCNorthrop Grumman, ATK complete testing of PMBSS
Northrop Grumman (NOC) and ATK (ATK) have completed static testing of the primary mirror backplane support structure, moving NASA's James Webb Space Telescope one step closer to its 2018 launch. The structure was delivered to Northrop Grumman's facilities in Redondo Beach, completing a path program milestone. Static testing demonstrates that the backplane has the structural integrity to withstand the forces and vibrations of launch, and is the final test prior to starting the integration of the backplane with the rest of the telescope.

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