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Northrop Grumman Corporation is an American multinational aerospace and defense company. With 95,000 employees [3] and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 375 on the Fortune 500, was formed on 31 March 2011, as a divestiture from Northrop Grumman. [5] [6]
Operating profit margins for Northrop's space business reached 12%, making it now Northrop's second most profitable business (after mission systems, which earned 13.8%).
Northrop Grumman, headquartered in Falls Church, Virginia, employs roughly 97,000 people. The company has a market cap of $75 billion, and its stock was trading at roughly $490 a share on Sept. 9.
Raytheon, often in conjunction with Boeing, Lockheed Martin or Northrop Grumman, is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo , CA is devoted to this, a business it inherited from Hughes .
Both companies said Northrop Grumman's acquisition would not affect Scaled Composites' strategy or involve replacing Burt Rutan as senior manager. [2] The acquisition by Northrop Grumman was completed on August 24, 2007. [3] Rutan retired in April 2011. [4] Ben Diachun, a long time employee, was president of Scaled from Oct 31, 2015, [5] until ...
A Texas judge has rejected the plea deal between Boeing and the Department of Justice in which the aircraft manufacturing giant agreed to plead guilty to conspiracy to defraud the United States ...