Last $131.90 USD
Change Today -1.76 / -1.32%
Volume 1.0M
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As of 6:40 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

northrop grumman corp (NOC) Key Developments

KBR and Rheinmetall Join Forces To Acquire Defence Support Group

Rheinmetall Defence Electronics GmbH and KBR, Inc. (NYSE:KBR) have submitted a joint venture bid to acquire Defence Support Group. Deniz Akituerk, Rheinmetall Defence UK Director said the combination of Rheinmetall's land systems engineering capability, KBR's unparalleled project management skills and the knowledge and dedication of the DSG workforce makes a compelling case for the acquisition of DSG. Other companies bidding to take over DSG include DynCorp Inc., General Dynamics Corp. (NYSE:GD), Northrop Grumman Corporation (NYSE:NOC) and URS Corporation (NYSE:URS), as reported by DefenseNews.

Northrop Grumman Corporation Appoints Tarik Reyes as Vice President, Business Development for its Integrated Air and Missile Defense Division

Northrop Grumman Corporation has announced the appointment of Tarik Reyes as vice president, business development for its integrated air and missile defense division (IAMD) in its Information Systems sector, effective immediately. In this new role, Reyes will have executive responsibility for global business development for the IAMD portfolio. He will lead customer engagement and tactical strategy discussions with key stakeholders, pipeline development and qualification, and coordination of the division's growth strategies. Reyes has held a number of leadership roles within Northrop Grumman Information Systems, including most recently the director of the civil information solutions operating unit within the sector's civil division. He joined Northrop Grumman from Microsoft Corporation's consulting services organization, where he was a services executive.

Northrop Grumman Wins $354 Million Primarily Firm Fixed-Price Contract by the US Air Force

Northrop Grumman won $354 million primarily firm fixed-price contract by the US Air Force to expand its RQ-4 Global Hawk unmanned aircraft system fleet by three aircraft. The contract also includes retrofit kits to add Airborne Signals Intelligence Payload sensors into two of the existing RQ-4, providing them with Multi-INT capability.

DARPA Selects Northrop Grumman to Develop Breakthrough Active Electronically Scanned Array Technology

Northrop Grumman Corporation has been selected by the Defense Advanced Research Projects Agency to develop and demonstrate advanced wideband digital antenna technology for next generation radio frequency (RF) sensors using active electronically scanned arrays (AESAs). The DARPA Microsystems Technology Office awarded Northrop Grumman an $11.9 million contract for phase one of the Arrays on Commercial Timescales (ACT) program. The purpose of ACT is to develop the key technologies for affordable, next-generation AESAs by designing a reusable digital common module that contains the critical integrated circuits required for next generation AESAs. ACT aims to greatly reduce the development and manufacturing cost of future digital arrays through common module reuse, high levels of integration and the application of high-volume commercial Complementary Metal Oxide Semiconductor (CMOS) integrated circuit technology.

Northrop Grumman Corporation Appoints Roger Wiltshire as New European Legal Chief

Northrop Grumman Corporation has appointed a new European head of legal effective as from 1 September. Roger Wiltshire was appointed to the role having joined as deputy head of legal last September, before which he was chief legal counsel at BAE Systems. The corporations former Europe chief Wolf Von Kumberg will handover to Wiltshire between now an the end of the year, when he will retire after 22 years in the role (4 May 2009). Wiltshire will report directly to US-based deputy general counsel Kathryn Simpson, who in turn reports to general counsel Sheila Cheston. Wiltshire is in the process of hiring a second in command and expects that person to join shortly after Von Kumberg leaves at the end of the year.

 

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Price/Earnings 14.4x
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Price/Book 2.7x
Price/Cash Flow 13.5x
TEV/Sales 0.8x
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