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Northrop Grumman Corp

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  • MOJAVE, Calif., Nov 2- The head of the federal agency examining last week's fatal crash of a Virgin Galactic passenger spaceship during a test flight in California's Mojave Desert said on Sunday the vehicle appears to have broken apart in flight. Virgin Galactic's owner, British billionaire and entrepreneur Richard Branson, traveled to Mojave on Saturday to...

  • MOJAVE, Calif., Nov 2- Virgin Galactic could have a new spacecraft ready to fly by next year, the chief executive of Richard Branson's space tourism company said in an interview published on Sunday, reacting to concerns about the safety of technology used in the Virgin craft that crashed last week. His remarks followed a somber assessment of the future of Virgin...

  • Virgin Galactic ignored warnings on rocket: report Sunday, 2 Nov 2014 | 5:24 AM ET
    Agents from the NTSB and the FBI survey the debris from SpaceShipTwo in a desert field near the crash site on November 1, 2014, in Mojave, California.

    Virgin Galactic allegedly ignored warnings its passenger spaceship, which crashed Friday, wasn't safe, U.K. newspaper The Telegraph reported.

  • 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.