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...future SkyNet wideband satellite system contract”....
...Space systems provided more than a third of revenues at Northrop Grumman last year; margins of 8.7 per cent below defence and mission systems....
...Troy Brashear, vice-president of National Security Systems at Northrop Grumman Space Systems, said the partnership would provide customers with “innovative, reliable and affordable military satellite communications...
...The US government is a significant part of their businesses, accounting for 86 per cent of Northrop Grumman’s revenues and nearly three-quarters of Lockheed’s sales in 2023....
...Northrop Grumman is up 15 per cent. L3Harris Technologies is 7 per cent higher....
...Lockheed Martin jumped almost 5 per cent, RTX Corp, formerly Raytheon Technologies, rose 4.5 per cent, Northrop Grumman increased 4.3 per cent and General Dynamics was up 3.2 per cent....
...Consolidation in the industry has left just two in the US — Aerojet, which was bought by L3Harris last year — and Northrop Grumman....
...The missiles are built by US defence contractor Lockheed Martin, using rocket motors from rival Northrop Grumman....
...Northrop’s quarterly revenue was driven by its space systems segment, which had an 18 per cent jump in sales, while sales fell within its aeronautics and defence systems divisions....
...Northrop Grumman’s stock was up 10 per cent from the start of the war through June 23....
...Shares in Lockheed, RTX, Northrop Grumman and General Dynamics — four of the Pentagon’s big contractors — have risen sharply since Hamas’s attack on October 7....
...Those of Northrop Grumman, a leading manufacturer of attack and surveillance drones, are up 3 per cent. General Dynamics is down 6 per cent....
...Northrop Grumman said its full-year sales would be at the lower end of its guidance this year. Lockheed cut its 2022 guidance in July....
...Earnings: Amazon, Merck, Bristol Myers Squibb, UPS, Northrop Grumman, Honeywell, Altria, Hershey, Mastercard and Royal Caribbean report earnings before the opening bell....
...US defence and space company Northrop Grumman wants to build a platform that can be used for training or science projects....
...Northrop Grumman has been reassessing its portfolio as global defence priorities have shifted....
...Northrop Grumman reported net income of $946mn, or $6.06 per diluted share, missing analyst estimates of $6.10....
...This has shrunk to five highly diversified companies: Lockheed, Raytheon Technologies, Boeing, General Dynamics and Northrop Grumman....
...weapons system and avionics....
...While sales at its defence systems division dipped, Northrop noted “higher volume on an international weapons programme”. The group had a total backlog of $75.8bn on March 31....
...Leaders at Lockheed, Raytheon, Boeing, Northrop Grumman and General Dynamics all spoke of the difficulty of securing parts and labour during recent earnings calls....
...Other companies reporting today include Blackstone, Northrop Grumman and Intel....
...Kathy Warden, chief executive of Northrop Grumman, said the Pentagon’s procurement procedures — which give a “very choppy demand signal” to build up stockpiles but only after a conflict rapidly depletes...
...Northrop Grumman chief executive Kathy Warden delivered good news and bad news: the aerospace group expects more demand for its weapons systems, but supply chain issues could hinder efforts to expand production...
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