|
CNBC'S MOST SHARED
- Investing in Tech Now
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Software Giants Rush to Cash In on Carbon Counting
- Preparing for Retirement
- What You'll See On My NASCAR Documentary Tonight
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Microsoft Plays a Game of Bing Pong
- How exactly does Twitter plan on making money?
- Playing by Different Rules
- Nikkei on Track to Break 6-Day Losing Streak
- GM CEO Vows Leaner and Better Company To Emerge
- GM CFO Young: No Positive Cash Flow Until 2009
- Geithner Seeks Clampdown on Derivatives Dealers
- Less Demand for Fed's Emergency Backstops
- Social Networking's 'Naked' Truth
- Claims Total Over 15,400 in Fraud by Madoff
- Farrell: Let's Enjoy the Numbers for a Moment
- JPMorgan Asks Treasury to Auction Warrants
- UBS Can't Comply with US Request: Internal Memo
- Warren Buffett's Top Three Investment Rules for the Average American
- Schork Oil Outlook: It’s Now or Never for the Bulls
- Social Networking's 'Naked' Truth
- Farrell: Let's Enjoy the Numbers for a Moment
- Call Of Shame - Vote Now
- Schmidt on Social Media, Ads and Hulu
- 15 Stocks to Consider
- Maximum Bob Goes Full Throttle For GM
- Najarian: Options Get Bullish on Cisco
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."








