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Northrop Grumman earns a respectable 8.7% operating profit margin on its "space" business, while L3Harris's Aerojet unit generates even better profit margins of 11.6%.
The U.S. Department of Defense's Missile Defense Agency (MDA) has awarded $1.6 billion in contracts to Lockheed Martin Corporation (NYSE: LMT) and Northup Grumman Corporation (NYSE: NOC) for ...
Northrop later partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team. [ 23 ] In 1998, a merger between Northrop Grumman and competitor Lockheed Martin was considered but abandoned after resistance from the Department of Defense and Department of Justice. [ 24 ]
Lockheed Martin abandoned plans for an $8.3 billion merger with Northrop Grumman on July 16, 1998, due to government concerns over the potential strength of the new group; Lockheed/Northrop would have had control of 25% of the Department of Defense's procurement budget. [23]
Lockheed Martin's 12.5% operating margin came in about 60 basis points ahead of expectations, and free cash flow of $2.1 billion was well ahead of Wall Street's $1.3 billion forecast.
The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense, the Department of Homeland Security, and the Intelligence Community, as well as other U.S. government agencies and select commercial markets.
Mao named Lockheed Martin Corp's branch in Missouri as the prime contractor that was directly involved in an arms sale to Taiwan on Aug. 24 and said Northrop Grumman has repeatedly participated in ...
On 24 April 2024, the US Air Force announced that they had eliminated Boeing, Lockheed Martin, and Northrop Grumman from the Increment I competition and that the Anduril Fury and General Atomics Gambit would be moving forward with development. The Air Force expects to make a final decision between the two companies' offerings by 2026.