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Northrop Grumman Corp

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  • WASHINGTON, April 23- U.S. weapons maker Northrop Grumman Corp on Wednesday reported a higher-than-expected quarterly profit and raised its earnings forecast, despite a drop in sales and continued concerns about cuts in U.S. military spending.

  • WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.

  • Spy plane outlasts Cold War, but not defense cuts Wednesday, 23 Apr 2014 | 1:21 PM ET

    The Air Force wants to gradually retire the fleet of 32 "Dragon Lady" planes, which can soar to an altitude of 70,000 feet, collect intelligence on North Korea and Russia and rapidly send the data to U.S. commanders.

  • The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.

  • Early Glance: Aerospace companies Wednesday, 23 Apr 2014 | 10:29 AM ET

    Boeing rose $2.36 or 1.9 percent, to $129.91. Lockheed Martin Corp. rose $3.09 or 2.0 percent, to $159.78. Northrop Grumman Corp. rose$. 55 or. 5 percent, to $120.34.

  • UPDATE 1-Northrop beats on earnings, lifts 2014 outlook Wednesday, 23 Apr 2014 | 8:46 AM ET

    WASHINGTON, April 23- Northrop Grumman Corp on Wednesday reported a higher-than-expected quarterly profit despite a drop in sales, and the U.S. weapons maker raised its earnings forecast.

  • Northrop beats on earnings, lifts 2014 outlook Wednesday, 23 Apr 2014 | 7:36 AM ET

    WASHINGTON, April 23- Northrop Grumman Corp on Wednesday reported a higher-than-expected quarterly profit despite a drop in sales, and the U.S. weapons maker raised its earnings forecast.

  • Midday Glance: Aerospace companies Tuesday, 22 Apr 2014 | 1:18 PM ET

    Boeing rose $1.28 or 1.0 percent, to $129.10. Lockheed Martin Corp. fell $2.43 or 1.5 percent, to $159.06. Northrop Grumman Corp. fell$. 04 or percent, to $122.17.

  • Final Glance: Aerospace companies Monday, 21 Apr 2014 | 6:02 PM ET

    Boeing fell$. 10 or. 1 percent, to $127.82. Lockheed Martin Corp. rose $1.24 or. 8 percent, to $161.49. Textron fell$. 10 or. 3 percent, to $39.44.

  • Early Glance: Aerospace companies Monday, 21 Apr 2014 | 10:31 AM ET

    Boeing rose$. 19 or. 1 percent, to $128.11. Lockheed Martin Corp. rose$. 77 or. 5 percent, to $161.02. Northrop Grumman Corp. rose$. 33 or. 3 percent, to $122.33.

  • WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.

  • WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.

  • Final Glance: Aerospace companies Wednesday, 16 Apr 2014 | 6:02 PM ET

    Boeing rose $1.77 or 1.4 percent, to $126.04. Lockheed Martin Corp. rose $2.05 or 1.3 percent, to $159.44. Northrop Grumman Corp. rose $1.68 or 1.4 percent, to $120.60.

  • WASHINGTON, April 16- The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, U.S. and British officials said Wednesday.

  • Midday Glance: Aerospace companies Wednesday, 16 Apr 2014 | 1:30 PM ET

    Boeing rose $1.38 or 1.1 percent, to $125.65. Lockheed Martin Corp. rose $1.10 or. 7 percent, to $158.49. Northrop Grumman Corp. rose $1.36 or 1.1 percent, to $120.28.

  • WASHINGTON, April 16- The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, senior defense officials said Wednesday.

  • WASHINGTON, April 16- The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, senior defense officials said Wednesday.

  • Early Glance: Aerospace companies Wednesday, 16 Apr 2014 | 10:27 AM ET

    Boeing rose$. 66 or. 5 percent, to $124.93. Lockheed Martin Corp. rose$. 24 or. 2 percent, to $157.63. Northrop Grumman Corp. rose$. 91 or. 8 percent, to $119.83.

  • WASHINGTON, April 15- The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016..

  • Final Glance: Aerospace companies Monday, 14 Apr 2014 | 6:01 PM ET

    Boeing rose $1.18 or 1.0 percent, to $123.25. Lockheed Martin Corp. rose $2.00 or 1.3 percent, to $155.82. Northrop Grumman Corp. rose $1.33 or 1.1 percent, to $118.00.

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