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Northrop Grumman Corp

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  • Boeing Sees First 787 Cancellation, Lags Airbus Thursday, 7 Aug 2008 | 3:44 PM ET
    In this hand hout computer-generated image provided by Boeing shows the company's new series Boeing 787 Dreamliner, Wednesday, April; 27, 2005.  A senior Boeing Co. official on Wednesday brushed off the threat of European rival Airbus SAS's "superjumbo," saying orders for Boeing's smaller, more fuel-efficient Dreamliner were robust. (AP Photo/Boeing) ** EDITORIAL USE ONLY **

    Boeing has announced the first cancellation of an order for its delayed 787 Dreamliner, signaling that airlines may be getting impatient for deliveries of the new, fuel efficient plane.

  • Tanker Wars: Advantage Northrop Grumman? Wednesday, 6 Aug 2008 | 3:35 PM ET

    The Pentagon has released its "draft" of requirements to Boeing and Northrop Grumman in what it wants in a new air refueling tanker, and, at first blush, advantage Northrop.

  • What The Pentagon Wants In A New Tanker--Stay Tuned Wednesday, 6 Aug 2008 | 11:44 AM ET

    Today the Department of Defense is submitting a new "draft request-for-proposal and source selection process" for the air refueling tanker. In other words, we find out what the Pentagon is looking for in a new plane, and how it will be incorporating the changes suggested by the Government Accountability Office.

  • Mad Mail: Is Qualcomm a Buy? Thursday, 24 Jul 2008 | 8:12 PM ET

    Plus, Cramer explains why coal, and a lot of energy stocks, aren't buys anymore.

  • Protectionism Not Good in Tanker Deal: EADS Tuesday, 15 Jul 2008 | 8:40 AM ET

    Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.

  • Northrop Grumman

    The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.

  • On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.

  • 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.