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Northrop Grumman Corp

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  • WASHINGTON, Feb 5- The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official at engine maker Pratt& Whitney, a unit of United Technologies Corp, said on Thursday. The Pentagon plans to spend nearly $400 billion to develop and build 2,457 of the radar-evading warplanes...

  • -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co.. -$3 billion for continued development of Boeing's KC-46A refueling planes, or tankers. -$11.6 billion for nine new ships, including smaller coastal warships built by Lockheed and Australia's Austal, an aircraft carrier being built by Huntington Ingalls Industries, and other submarines...

  • WASHINGTON, Feb 2- The U.S. Air Force's fiscal 2016 budget released on Monday delayed a long-awaited competition for a new air-ground surveillance aircraft to replace the E-8C Joint Surveillance Target Attack Radar System. The JSTARS program has been delayed repeatedly, although potential bidders had been heartened by statements from Air Force officials...

  • WASHINGTON, Feb 2- The U.S. Defense Department's budget request released on Monday would boost funding for research, development and procurement of weapons by 13 percent to $190 billion in fiscal 2016, including nearly $11 billion for the Lockheed Martin Corp F-35 fighter jet. -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co..

  • Lightning Round: Need to listen to me & break up Thursday, 29 Jan 2015 | 7:36 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • *Expects 2015 earnings $9.20- $9.50/ share vs est $9.11. *Earnings $2.48/ share vs est $2.25. U.S. defense suppliers have cut costs and increased sales to markets outside the United States as the Pentagon tries to cut about $1 trillion in spending over a decade as required by a 2011 law.

  • Northrop Grumman beats Street 4Q forecasts Thursday, 29 Jan 2015 | 10:38 AM ET
    Northrop Grumman Unmanned MQ-8C Fire Scout

    Northrop Grumman on Thursday reported fourth-quarter earnings of $506 million.

  • Early movers: MCD, F, DOW, BABA, COH & more Thursday, 29 Jan 2015 | 8:21 AM ET
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    Some of the names on the move ahead of the open.

  • Jan 29- Northrop Grumman Corp, maker of Global Hawk unmanned surveillance planes, forecast 2015 earnings above analysts' estimates and said order backlog increased 3 percent. The Pentagon is trying to cut $1 trillion in spending over a decade. Net income rose to $506 million, or $2.48 per share, from $478 million, or $2.12 per share, a year earlier.

  • Northrop Grumman profit forecast beats Street Thursday, 29 Jan 2015 | 7:20 AM ET

    Jan 29- U.S. weapons maker Northrop Grumman Corp forecast 2015 earnings above analysts' estimates and said backlog increased 3 percent. The company said it expects a profit of $9.20- $9.50 per share for 2015.. Analysts on average were expecting $9.11 per share, according to Thomson Reuters I/B/E/S.

  • Midday movers: Lockheed Martin, Plantronics & more Tuesday, 27 Jan 2015 | 1:05 PM ET
    Wall Street subway station NYSE

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  • Northrop presses for more U.S. drone exports Wednesday, 21 Jan 2015 | 7:03 PM ET

    WASHINGTON, Jan 21- Northrop Grumman Corp Chief Executive Wes Bush on Wednesday lauded the U.S. government for approving exports of some unmanned aerial vehicles, or drones, and said more work was needed to keep up with technological advances in other countries. Bush said U.S. defense officials increasingly recognized the need to update U.S. policy given the...

  • WASHINGTON, Jan 21- Even in an era of shrinking U.S. military spending, the U.S. Defense Department remains reluctant to see further consolidation among big U.S. weapons makers, Northrop Grumman Corp Chief Executive Wes Bush said on Wednesday. "I haven't seen any evidence that the department is thinking about things differently, but it will always come down to the...

  • WASHINGTON, Jan 21- The U.S. Air Force confirmed on Wednesday that it would re-evaluate bids it had received for a long-range radar system, resolving protests filed by Lockheed Martin and Northrop Grumman about a contract won by Raytheon in October. The Air Force said a new round of discussions with bidders on technical evaluations and pricing analysis may take...

  • SINGAPORE, Jan 21- Gold clung to sharp overnight gains on Wednesday, trading close to a five-month high as worries over the global economy and uncertainty over European Central Bank stimulus measures pushed investors towards the safe-haven metal. *Spot gold was down 0.2 percent at $1,291.30 an ounce by 0017 GMT, but held near a five-month high of $1,296.85...

  • WASHINGTON, Jan 20- The U.S. Air Force has agreed to reevaluate bids received in a competition for a long-range radar system initially awarded to Raytheon Co, after protests filed by losing bidders Northrop Grumman Corp and Lockheeed Martin Corp, two sources familiar with the matter said on Tuesday. The Air Force's action is expected to resolve the two separate...

  • WASHINGTON, Jan 16- India may buy unmanned aerial vehicles, or drones, from other countries if the United States does not ease current export restrictions on such aircraft, a key Democratic senator said on Friday. Senator Mark Warner of Virginia, who will join President Barack Obama during a trip to India on Jan. 26, said he was concerned that other countries could...

  • JOHANNESBURG, Jan 16- South Africa's Northam Platinum suspended operations on Friday at its strike-hit Zondereinde mine due to what it called rising levels of intimidation related to a wildcat stoppage. About 5,000 members of the National Union of Mineworkers downed tools on Tuesday night demanding the removal of chief executive Paul Dunne over what they...

  • A Jan. 5 memorandum signed by top Navy and Marine Corps officials described plans to use the V-22, built by Boeing Co and Textron Inc's Bell Helicopter unit, instead of opting for a new plane, or upgrading the existing C-2As. Navy acquisition chief Sean Stackley declined to confirm the Navy had decided to use the V-22 for the carrier on-board delivery mission, but he...

  • *South Africa's platinum mines are strike prone. JOHANNESBURG, Jan 14- Striking South African miners at Northam Platinum want the company's chief executive Paul Dunne removed for what they say are unfair hiring and firing practices, a spokesman for the National Union of Mineworkers said on Wednesday. Livhuwani Mammburu also told Reuters that 5,200 workers...