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Northrop Grumman Corp

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  • Stocks Finish in Bear-Market Territory Wednesday, 9 Jul 2008 | 5:21 PM ET

    Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory.  Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.

  • $35 Billion USAF Tanker Contract Back Up for Grabs Wednesday, 9 Jul 2008 | 3:49 PM ET

    U.S. Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman and EADS over Boeing was found to be flawed.

  • Stocks Slide as Oil Climbs, Techs Retreat Wednesday, 9 Jul 2008 | 3:19 PM ET

    Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week.  Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.

  • Gates On Tanker Rebid: "Not A Return To First Step" Wednesday, 9 Jul 2008 | 1:59 PM ET

    Gates is putting Under Secretary John Young in charge of picking a winner, a final blow to the Air Force. But Acting Secretary of the Air Force Mike Donnelly says he fully supports that decision.

  • EADS US Tanker Contract in Doubt Wednesday, 9 Jul 2008 | 1:37 PM ET

    U.S. Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing and a team of Northrop Grumman and Europe's EADS to build new aerial refueling tankers.

  • Stocks Chop Around; Techs Pull Back Wednesday, 9 Jul 2008 | 12:36 PM ET

    Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week.  Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.

  • Show Me Season Monday, 7 Jul 2008 | 6:08 PM ET

    Traders appear reluctant to make bets before hearing earnings updates from companies. Is that an opportunity for you?

  • Northrop Grumman and EADS want to assemble the KC-45 tanker in Mobile, Alabama--assuming the Air Force ever buys one. With Boeing successfully challenging that award, a Mobile restaurant called Foosackly's (what?) which specializes in chicken fingers is putting up billboards and selling T-shirts...

  • Tanker Saga Becoming Real Star Wars Trilogy Tuesday, 1 Jul 2008 | 9:07 AM ET
    Northrop Grumman Advertisement

    It’s going to be a long, hot summer until the Air Force decides whether to reopen bidding, and, if so, whether to start over completely with a new set of rules. I’m beginning to think the entire tanker saga is like the original “Star War” trilogy.

  • Northrop Thanks Its Employees, And More Heated Emails Friday, 20 Jun 2008 | 10:01 AM ET

    I reported it would happen, and it did: Northrop Grumman has called off indefinitely the groundbreaking ceremony for its new Alabama tanker assembly facility, originally scheduled June 28th.

  • Emails: You Weigh In On The Tanker Thursday, 19 Jun 2008 | 11:32 AM ET

    I asked for feedback on the tanker decision and I got it. Also, vote in the poll at the bottom.

  • Tanker Tangle: The Air Force Responds Wednesday, 18 Jun 2008 | 8:24 PM ET

    This statement came from the Air Force Wednesday evening, on the GAO decision which brutally took the service to task over the way it awarded the $35 billion tanker contract...

  • GAO Tanker Decision: What Analysts Are Saying Wednesday, 18 Jun 2008 | 4:13 PM ET

    Analysts were surprised, at least a little, that Boeing won its challenge alleging the Air Force was wrong in awarding the $35 billion tanker contract to Northrop Grumman/EADS.

  • Boeing, Northrop Statements On Tanker Ruling Wednesday, 18 Jun 2008 | 3:16 PM ET
    Boeing Headquarters

    Boeing was informed today that the Government Accountability Office (GAO) found in Boeing’s favor on a number of issues related to its protest of the U.S. Air Force’s award of a $35 billion contract to supply the service with its next-generation aerial refueling aircraft – or KC-X tankers – to begin replacing the current fleet of KC-135 tankers.

  • Boeing Wins Air Force Tanker Challenge Wednesday, 18 Jun 2008 | 2:01 PM ET

    U.S. auditors upheld Boeing's protest of the award of a $35 billion refueling-aircraft deal to a U.S.-European team that includes rival planebuilder Airbus, a U.S. lawmaker said Wednesday.

  • Shaq Smiles But Readers Do Not Wednesday, 18 Jun 2008 | 10:06 AM ET
    Kobe Bryant

    After last night's 39-point annihilation of the Lakers by the Celtics, a game which left LA's best looking like a mound of pulverized Kobe beef, I can tell you one person outside of Boston's who's smiling today: Shaquille O'Neal.

  • Northrop Grumman

    I'm hearing the Government Accountability Office will not decide on the Boeing challenge to the $35 billion tanker contract today. That probably means it WILL happen today (kidding, I think). The decision may come down tomorrow.

  • Lightning Round: EMC, Yamana, Nucor and More Friday, 13 Jun 2008 | 7:35 PM ET

    Cramer makes the call on viewers' favorite stocks.

  • Tanker Costs Don't Add Up For Air Force Thursday, 12 Jun 2008 | 4:00 PM ET

    Boeing confirms to CNBC that the Air Force has admitted it got its math wrong on how much Boeing's tanker would cost over the long haul. Boeing says this validates what it's been saying for months in challenging the $35 billion contract award to Northrop Grumman and the European parent of Airbus.

  • Boeing Headquarters

    It's been a year since I started reporting on "the biggest defense contract of 2007," except now it'll be "the biggest defense contract of 2008." Or maybe 2009. The $35 tanker deal has taken more odd turns than a lost UAV, including...