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Northrop Grumman Corp

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  • WASHINGTON, June 1- The U.S. State Department has approved the possible sale to Japan of four E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft built by Northrop Grumman Corp, a deal valued at around $1.7 billion, the Pentagon announced on Monday. Japan, which already operates an earlier model of the E-2 aircraft, has been interested in upgrading...

  • WASHINGTON, May 15- The U.S. Air Force's acquisition chief said on Friday he expects the Air Force to announce the winner of a hard-fought competition to build a new long-range strike bomber in one to two months. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team of Boeing Co and Lockheed Martin Corp to build 80 to 100 new LRS-B aircraft for the...

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would re-evaluate bids received in a $1 billion long-range radar competition after a federal court dismissed a Raytheon Co lawsuit that sought to halt a fresh look at the bidders of its losing rivals Northrop Grumman Corp and Lockheed Martin Corp.. The companies on Tuesday said the U.S. Court of Federal...

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would immediately reevaluate bids received in a long-range radar competition after a federal court dismissed a lawsuit filed by Raytheon Co that was aimed at staving off protests filed by losing bidders Northrop Grumman Corp and Lockheed Martin Corp.. "The court's ruling... frees us to continue moving...

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • WASHINGTON, May 6- Kuwait is expected to announce in coming weeks an order for 28 Boeing Co F/A-18E/F Super Hornets, a $3 billion- plus deal that will keep the jets' St. Louis production line running well into 2019, according to people familiar with the deal. The expected deal would make Kuwait the second foreign country after Australia to order the new Boeing jets.

  • April 29- U.S. arms maker Northrop Grumman Corp on Wednesday said first quarter earnings were weakened by pension adjustments and tighter aerospace margins, but profits and sales topped Wall Street forecasts and the company raised its full year outlook. Net earnings declined to $484 million, or $2.41 per share, from $579 million, or $2.63 per share, a year earlier.

  • April 29- U.S. weapons maker Northrop Grumman Corp on Wednesday reported a drop in first-quarter earnings but topped estimates, and raised its full-year outlook. Net earnings declined to $484 million, or $2.41 per share, from $579 million, or $2.63 per share, a year earlier. The company raised its earnings forecast for the full year to a range of $9.40 to $9.60 from...

  • WASHINGTON, April 29- U.S. weapons maker Northrop Grumman Corp on Wednesday reported higher-than-expected earnings and revenues for the first quarter, and raised its earnings outlook for the full year. Earnings per share fell 8.4 percent to $2.41 from $2.63 a year earlier. The company said it was raising its earnings forecast for the full year to a range of $9.40...

  • NEW YORK, April 27- Investors will rake in more than $1 trillion in 2015 as U.S. companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said, with benefits coming soon as many S&P 500 companies exit a blackout period for repurchases next week. "Corporate activity in early 2015 supports our view that the S&P 500 will return more than $1...

  • PARIS, April 27- Sweden's Saab AB on Monday ruled out facilitating the sale of Gripen fighter aircraft to Argentina as the result of a deal to build and export combat jets from Brazil. Saab said it was not involved in any discussions involving Argentina. Saab has sold 60 Gripen Es to Sweden and is finalizing an order for another 36 to Brazil, which will also...

  • South Korea seeks bigger role in global arms bazaar Wednesday, 22 Apr 2015 | 4:53 AM ET

    While Park did not come away with a new contract, state-run Korea Aerospace Industries is in the running for a contract to supply Peru with 24 of its FA-50 fighter jets, worth as much as $2 billion. The industry, developed mostly with American technology during a decades-long standoff with North Korea, is hoping to sustain that growth by selling beyond its main...

  • COLORADO SPRINGS, Colo., April 17- The United States needs disruptive new technologies, new ways of acquiring equipment and bandwidth, and closer ties with global allies to stay ahead of growing challenges in space from China, Russia and others, the head of U.S. General John Hyten said the United States had been bracing for threats to its satellite systems for years,...

  • Lightning Round: I say this is an opportunity Monday, 13 Apr 2015 | 7:00 PM ET
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  • WASHINGTON, April 2- Boeing Co on Thursday said it will ramp up lobbying efforts to extend production of its F/A-18 fighter jets beyond the end of 2017 after the U.S. Navy asked Congress to fund 12 airplanes not included in the 2016 budget proposal. Dan Gillian, who runs the F/A-18E/F and EA-18G electronic attack jet programs for Boeing, told Reuters the company had...

  • WASHINGTON, March 27- The U.S. Defense Department on Friday said it will be "demanding but fair" in negotiations with Lockheed Martin Corp for the next two batches of F-35 fighter jets, one of the Pentagon's largest-ever sole-source contracts. We intend to be a demanding but fair customer, " Shay Assad, the Pentagon's director of defense pricing, told Reuters in an...

  • WASHINGTON, March 26- The Pentagon's notoriously slow, bureaucratic and wasteful acquisition system is eroding America's military technological edge and must be reformed, Senator John McCain, the chairman of the Senate Armed Services Committee, said on Thursday. The Arizona Republican, a former presidential candidate and prisoner of war during the Vietnam...

  • Lightning Round: This has overstayed its welcome Monday, 23 Mar 2015 | 7:19 PM ET
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  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • Air Force officials are due to meet with Pentagon chief arms buyer Frank Kendall on Wednesday to map out an acquisition strategy for the new program, David Madden, executive director of the Air Force's Space and Missiles Systems Center told a breakfast meeting hosted by the nonprofit Mitchell Institute. Lockheed Martin Corp is under contract to build the...