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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 27 October 2015, the Defense Department awarded the development contract to Northrop Grumman. [71] The initial value of the contract is $21.4 billion, but the deal could eventually be worth up to $80 billion. [72] [73] [74] The deciding factor in the selection of the Northrop design was cost. [75]
Work resumed under the Long Range Strike Bomber program (LRS-B), which resulted in the Northrop Grumman B-21 Raider. [15] [12] Debates persist within the Air Force ranks about the 2037 bomber and the future of long-range strike. The Air Force's interest, or lack thereof, in a follow-on bomber to the LRS-B has not been publicly divulged.
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.
On Thursday, Northrop Grumman announced that it has delivered to the U.S. Army its first (of eight planned) Common Infrared Countermeasures (CIRCM ) missile defense system -- two months ahead of ...
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.
Global Trade Exchange (GTX) [1] as presented by Northrop Grumman, at a U.S. Government-sponsored Trade and Investment Seminar, Amman, Jordan, 2008 The Global Trade Exchange (GTX) is, or was, a controversial homeland security intelligence project, [2] related to cross-border trade financial data, [3] being one of three pillars of the Safe Ports Act-related Secure Freight Initiatives.