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Northrop Grumman Corp

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  • Branson: I'll get to the bottom of Galactic crash Sunday, 2 Nov 2014 | 12:56 AM ET
    Fly from New York to Beijing in two hours on this?

    Richard Branson said he was determined to find out what caused a spaceship being developed by his tourism company to crash during a test flight.

  • Michael Alsbury, 39, has been identified as the pilot who died in the crash of Virgin Galactic SpaceShipTwo, and the surviving pilot is Peter Siebold, 43, the Kern County Sheriff's Office said in a statement. Branson arrived in California's Mojave Desert to meet his Virgin Galactic team and federal officials who were opening their investigation into Friday's...

  • MOJAVE, Calif./ CAPE CANAVERAL, Fla., Nov 1- B illionaire entrepreneur Richard Branson said on Saturday he was determined to find out what caused a passenger spaceship being developed by his space tourism company to crash during a test flight in California's Mojave Desert, killing one pilot and injuring the other. Branson arrived in California to meet his Virgin...

  • MOJAVE, Calif., Nov 1- Richard Branson is set to meet his Virgin Galactic space team in California's Mojave Desert on Saturday following the crash of a passenger spaceship being developed by his company that killed one pilot and seriously injured the other. Friday's crash of the suborbital vehicle, undergoing its first powered test flight since January over the...

  • MOJAVE, Calif., Nov 1- Richard Branson is set to meet his Virgin Galactic space team in California's Mojave Desert on Saturday following the crash of a passenger spaceship being developed by his company that killed one pilot and seriously injured the other. Friday's crash of the suborbital vehicle, undergoing its first powered test flight since January over the...

  • Debris from the crashed Virgin Galactic SpaceShipTwo craft is shown in this video still.

    A California Highway Patrol spokesperson told CNBC that there was one person killed and a second injured in the Virgin Galactic accident.

  • CAPE CANAVERAL, Fla., Oct 31- A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic crashed during a test flight on Friday at the Mojave Air and Space Port in California, the company said. In May, Virgin Galactic and spaceship developer Scaled Composites, a subsidiary of Northrop Grumman Corp, switched to an alternative...

  • WASHINGTON, Oct 24- The Pentagon and Congress have better-than-ever odds of reaching agreement on how to streamline myriad overlapping laws that slow the process for buying military equipment and services, a top Defense Department official said. "I am optimistic," Andrew Hunter, a former congressional aide who helped draft many of those laws before joining the...

  • Oct 23- A Chicago federal judge on Thursday rejected Northrop Grumman Corp's bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft. District Judge Manish Shah said the employee, Illinois resident Leo Danielides,...

  • Midday movers: Deere, GrubHub, Lazard, Pfizer & more Thursday, 23 Oct 2014 | 12:50 PM ET

    Some of Thursday's midday movers:

  • UPDATE 1-Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 5:09 PM ET

    Government Accountability Office challenging the Air Force's decision to pick Raytheon Co to develop a new long-range radar. Raytheon earlier this month beat out Northrop and Lockheed to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. The Air Force issued a stop-work order to Raytheon on Tuesday...

  • Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 1:42 PM ET

    WASHINGTON, Oct 22- Lockheed Martin Corp on Wednesday said it had filed a formal protest with the U.S. Government Accountability Office challenging the U.S. Air Force's decision to pick Raytheon Co to develop a new long-range radar. Lockheed's move follows a similar protest filed on Tuesday by Northrop Grumman Corp..

  • Midday movers: Angie's List, FedEx, Hess & more Wednesday, 22 Oct 2014 | 1:31 PM ET

    Some of Wednesday's midday movers:

  • General Dynamics Corp shares were up 3 percent at $127.60 in early afternoon after the maker of tanks, ships and business jets reported that quarterly net profit rose 6.4 percent to $694 million, or $2.05 per share, and raised its earnings forecast by 25 cents a share. Northrop posted a 5 percent drop in net earnings to $473 million, or $2.26 per share, from $497...

  • Oct 22- U.S. weapons maker Northrop Grumman Corp on Wednesday reported a higher-than-expected profit for the third quarter and raised its earnings outlook for the full year. Northrop, which makes unmanned planes and electronic equipment, posted a 5 percent drop in net earnings to $473 million, or $2.26 per share, from $497 million, or $2.14 a share, a year earlier,...

  • Northrop Grumman beats on earnings, raises 2014 outlook Wednesday, 22 Oct 2014 | 7:41 AM ET

    WASHINGTON, Oct 22- U.S. weapons maker Northrop Grumman Corp on Wednesday reported a higher-than-expected profit for the third quarter and raised its earnings outlook for the full year. Earnings per share rose to $2.26 from $2.14 a year earlier. Chief Executive Officer Wes Bush said the company was raising its earnings forecast for the full year to a range of...

  • Earnings set to drive markets again Wednesday, 22 Oct 2014 | 5:55 AM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.

  • Raytheon beat out Northrop and Lockheed Martin Corp to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. Raytheon said it would work closely with the Air Force to mitigate any resulting delays once the issue was resolved. "The Air Force ran a very tough but very fair competition, and selected the world...

  • Earnings set to take markets' center stage Tuesday, 21 Oct 2014 | 7:29 PM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings news will take center stage Wednesday after another day of strong stock market gains cemented the view that the worst is over.

  • Earnings top the list of what could rock the market Monday, 20 Oct 2014 | 10:25 AM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 17, 2014.

    After the most turbulent market week in years, some strategists are ready to call the all clear. But others say stocks could test the lows of the past week.