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Current DateTime: 08:01:27 30 Nov 2009
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  • The Cost of True Love

      In the popular holiday song "The 12 Days of Christmas," the cost of gifts - from the 12 drummers drumming to a partridge in a pear tree - is quite pricey.

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      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

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FEATURED QUIZZES


Current DateTime: 08:01:27 30 Nov 2009
LinksList Documentid: 33793611
  • How Well Do You Know Your Bird?

      Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.

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      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

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Current DateTime: 08:01:27 30 Nov 2009
LinksList Documentid: 24890560
  • Holiday Central

      There are plenty of reasons to believe that this Christmas holiday season will not be as bad for retailers as last year.

  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

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Northrop CEO: Airbus Deal Will Build 4 US Plants
By: Andrew Fisher | 13 Mar 2008 | 09:55 AM ET
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Northrop Grumman [NOC  Loading...      ()   ] CEO Ronald Sugar says his company plans to build four factories in the United States as part of a partnership with European Aeronautic Defence and Space (EADS) [BA  Loading...      ()   ].

"We are putting in, together, jointly, four new factories in the United States," Sugar told CNBC. "We're putting together a significant assembly and military modernization facility in Alabama."

In addition, he said, EADS plans to move production of its commercial freighter planes to Alabama.

Sugar also defended the company's $40 billion contract to build refueling tanker planes in co-operation with EADS unit Airbus.

The deal is being appealed by rival planemaker Boeing [EADSY  Loading...      ()   ].

"This airplane is going to have very substantial American content...more than 60 percent American content," he said.  "To simplistically say, or jingoistically say, that one is an American tanker and one is not is absolutely untrue."

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