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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. [4] [5] [6] The firm ranked No. 101 on the 2022 Fortune 500 list of America's largest ...
On June 13, 2005, NASA announced the selection of two consortia, Lockheed Martin Corp. and the team of Northrop Grumman Corp. and The Boeing Co. for further CEV development work. [4] Each team had received a US$28 million contract to come up with a complete design for the CEV and its launch vehicle until August 2006, when NASA would award one ...
Predecessors of Huntington Ingalls Industries The former Huntington Ingalls Industries logo. When it spun off as a new company on 31 March 2011, Huntington Ingalls Industries comprised Northrop Grumman’s shipbuilding businesses in Newport News, Virginia, Pascagoula, Mississippi, and Avondale, Louisiana; Avondale was closed in 2014.
That sounds good, until you realize that at a $73.9 billion market capitalization, it means Northrop Grumman stock currently costs nearly 30 times this year's free cash flow -- which seems quite a ...
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
Northrop offered a "minimal" 6.1-meter (20 feet) by 3-meter (9.8 feet) design based on the Cygnus spacecraft, as well as a larger 7-meter (22.9 feet) by 4.4-meter (14.4 feet) design also based on the Cygnus, [7] [12] to the outside of which radial docking ports, body-mounted radiators (BMRs), batteries and communications antennae will be added ...
Today, Northrop Grumman is a $70 billion defense business worth five times its price 13 years ago. Huntington Ingalls stock has performed well too, but is up a bit less than 5x in value.
The Air Force subsequently halted funding for the Boeing project, leaving Northrop Grumman as the sole bidder for the contract by October 2019. [19] In December 2019, it was announced that Northrop Grumman won the competition to build the future ICBM. Northrop won by default, as their bid was the only one left to be considered for the GBSD program.