Welcome to our dedicated page for Northrop Grumman news (Ticker: NOC), a resource for investors and traders seeking the latest updates and insights on Northrop Grumman stock.
Northrop Grumman Corporation (NYSE: NOC) is a leading global security company that provides innovative systems, products, and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. The company’s operations span across four main sectors: Aeronautics, Defense, Mission, and Space Systems.
In the aerospace segment, Northrop Grumman develops the fuselage for the F-35 fighter jet and produces both autonomous and piloted aircraft, including the Global Hawk drones and the new B-21 bomber. The company’s defense systems division manufactures artillery and missile ammunition, missile guidance systems, missile defense systems, and maintenance and upgrade services for a wide range of military aircraft.
The mission systems division focuses on creating and integrating radar, navigation, and communication systems for various platforms, from helicopters to naval destroyers. Meanwhile, the space systems segment produces satellites, sensors, space structures, and long-range missiles, as well as rocket motors.
Northrop Grumman is committed to maintaining its leading position through continuous innovation and collaboration. One of its significant achievements is the delivery of the Integrated Battle Command System (IBCS) to the U.S. Army, a modern air and missile defense system that improves situational awareness and decision-making capabilities on the battlefield. IBCS was approved for full-rate production in 2023 and is being fielded in Poland.
Another notable project is the Sentinel program, aimed at modernizing the ground-based leg of the nation’s strategic triad. This program includes rigorous testing and validation processes to ensure the reliability and safety of advanced missile systems.
Northrop Grumman also recently recognized its supplier Bayen Group for its contributions to national security solutions and mission success. The company continues to push the boundaries of human exploration, evident in the ongoing flight test campaign for the B-21 Raider at Edwards Air Force Base, California.
Financially, Northrop Grumman maintains robust performance. The company’s first quarter 2024 financial results were recently released, with detailed earnings information available on their investor relations website. The company’s top executives, including Chair and CEO Kathy Warden and CFO Dave Keffer, frequently review and discuss financial performance in publicly accessible conference calls.
For those interested in joining Northrop Grumman, the company emphasizes its mission-driven culture and its commitment to making a difference. It offers various career opportunities for individuals passionate about advanced technology and its applications in protecting the world.
Northrop Grumman (NYSE: NOC) will redeem all outstanding 2.55% Senior Notes due October 2022 for cash on March 24, 2021. The redemption will occur at a premium price, leading to an expected pre-tax charge of approximately $55 million in Q1 2021, which is excluded from its 2021 financial guidance. Currently, $1.5 billion of these Notes are outstanding. This action is part of Northrop Grumman's strategy to manage its financial obligations and optimize its capital structure.
Northrop Grumman has finalized the sale of its IT services business to Peraton for $3.4 billion in cash. This strategic divestiture aims to enhance focus on core operations and optimize portfolio management. The company plans to utilize the proceeds largely for share repurchases and debt retirement. It is important to note that the gains from this sale and associated fees are excluded from the 2021 financial guidance. Northrop Grumman employs around 97,000 employees who work on advanced systems across various sectors.
Northrop Grumman announced an accelerated share repurchase agreement with Goldman Sachs to repurchase $2 billion of its common stock. Initial deliveries of about 5.9 million shares are expected on February 2, 2021, representing approximately 85% of the planned buyback based on a closing price of $286.61. The total shares will depend on the company's volume-weighted average price during the agreement period and is anticipated to conclude in Q2 2021. This buyback utilizes part of the remaining $5.8 billion share repurchase authorization.
Northrop Grumman Corporation (NYSE: NOC) reported its fourth quarter and full-year 2020 financial results on January 28, 2021. Specific financial figures were not disclosed in the press release, but the company emphasized its commitment to innovation in space, aeronautics, defense, and cyberspace. Northrop Grumman employs 97,000 people and focuses on addressing complex challenges through advanced systems, products, and services. An earnings conference call is scheduled for today at 9 a.m. Eastern time, accessible via the company's investor relations website.
Northrop Grumman Corporation (NYSE: NOC) will release its fourth quarter and 2020 financial results on January 28, 2021. The earnings release will be posted on the investor relations website, followed by a conference call at 9:00 a.m. ET on the same day. Kathy Warden and Dave Keffer will discuss the results and provide 2021 guidance. Northrop Grumman focuses on addressing complex challenges in space, defense, and cyberspace, supporting its global customers with advanced systems, products, and services.
Northrop Grumman announces the $3.4 billion cash sale of its federal IT and mission support services business to Veritas Capital. The transaction is expected to close in H1 2021, pending regulatory approvals. This business is projected to generate around $2.3 billion in revenue for 2020. CEO Kathy Warden emphasizes that this divestiture will enhance focus on core businesses, ultimately creating shareholder value. Proceeds from the sale will primarily fund share repurchases and debt reduction.
The Northrop Grumman Corporation board has declared a quarterly dividend of $1.45 per share on its common stock. The dividend is payable on December 16, 2020, to shareholders of record as of the close of business on November 30, 2020.
Northrop Grumman focuses on addressing complex challenges in the fields of space, aeronautics, defense, and cyberspace, employing around 90,000 employees to develop advanced systems, products, and services.
Northrop Grumman (NYSE: NOC) will participate in Baird’s 2020 Global Industrial Conference on Nov. 11, starting at 9:05 a.m. Eastern time. The presentation will feature CEO Kathy Warden and CFO Dave Keffer, and will be available via live webcast on the company’s investor site. Northrop Grumman focuses on tackling challenges in space, defense, aeronautics, and cyberspace, with a workforce of 90,000 dedicated to innovation. The company issues forward-looking statements, which may include risks and uncertainties and are not guarantees of future performance.
Northrop Grumman (NYSE: NOC) announced its third quarter 2020 financial results on October 22, 2020. The earnings release has been filed in a Form 8-K and is accessible on the company's investor relations site. The company emphasizes its role in solving complex challenges in space, defense, and cyberspace with a workforce of 90,000 dedicated employees. An earnings conference call is scheduled for today at 9 a.m. Eastern Time, available live via audio broadcast on their website.
Northrop Grumman Corporation (NYSE: NOC) has elected Tom Jones as corporate vice president and president of Aeronautics Systems, effective January 1, 2021. He will replace Janis Pamiljans, who is set to retire on February 26, 2021, after 34 years with the company. Kathy Warden, CEO, expressed confidence in Jones's leadership and vision for the Aeronautics business. Jones has over 30 years of experience in the aerospace and defense sector, joining Northrop Grumman in 2011 from Boeing. Pamiljans will assist in the transition until his retirement.
FAQ
What is the current stock price of Northrop Grumman (NOC)?
What is the market cap of Northrop Grumman (NOC)?
What does Northrop Grumman Corporation do?
What are the main sectors of Northrop Grumman?
What significant projects is Northrop Grumman involved in?
How is Northrop Grumman performing financially?
What recent achievements has Northrop Grumman made?
Who are the key executives at Northrop Grumman?
What career opportunities does Northrop Grumman offer?
Where can I find Northrop Grumman's financial reports?
Who can I contact for media inquiries at Northrop Grumman?
What is the B-21 Raider?
