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Aerospace & Defence
Defence contractors hopeful that big US programmes are safe
...Some further clarity may emerge this week when five big military contractors – Lockheed Martin, Boeing, Northrop Grumman, General Dynamics and Raytheon – all report second-quarter figures....
July 23, 2013
US & Canadian companies
Defence cuts likely to hurt service providers
...For naval shipbuilding, each procurement budget can be spent over as long as five years....
December 22, 2012
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US & Canadian companies
US attitude to contractor mergers unclear
...Some similar fragmentation has already taken place during this defence slowdown: Northrop Grumman spun out its shipbuilding operations in March last year, for example, while SAIC, a provider of sophisticated...
October 11, 2012
US & Canadian companies
US defence cuts sink Northrop outlook
...In 2011, it spun off its shipbuilding division as Huntington Ingalls Industries and the company said it had also cut back on volumes in its underperforming and non-core units....
February 1, 2012
US & Canadian companies
Defence industry braced for era of austerity
...Indeed, Northrop Grumman spinning off its shipbuilding business last March has been cited as one example of that future trend. In the past 12 years “the rising tide lifted all boats”, Mr Dowdy said....
January 25, 2012
US & Canadian companies
L-3 plans spin-off of units to boost growth
...In 2009 Northrop Grumman sold its consulting unit to two private equity companies for about $1.7bn in cash and earlier this year it spun off its shipbuilding business to shareholders as Huntington Ingalls...
July 28, 2011
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US & Canadian companies
Northrop Grumman earnings beat estimates
...Northrop completed the spin-off of its shipbuilding unit Huntington Ingalls Industries in the quarter, which helped earnings due to the $1.4bn received by Northrop as a result of the move....
April 27, 2011
US & Canadian companies
Northrop nears spin-off of shipbuilding arm
...Northrop Grumman, the US defence contractor, moved a step closer on Tuesday to spinning off its shipbuilding unit after the board approved the transaction and set a deadline of the end of the month to complete...
March 15, 2011
Cyber warfare
Lockheed sells Pacific Architects and Engineers
...Last year, Northrop Grumman announced that it would sell or spin off its shipbuilding business while other companies have looked to acquisitions to bulk up faster growing areas of the budget such cybersecurity...
February 23, 2011
US & Canadian companies
Pentagon will not support big defence mergers
...Sales slipped 3 per cent to $8.6bn and Northrop said revenues would be flat in 2011, excluding shipbuilding....
February 9, 2011
US & Canadian companies
Lockheed to sell advisory unit for $815m
...Since then, the company has said it will sell or spin off its shipbuilding division....
October 13, 2010
Cyber warfare
Austerity cruises on to Farnborough’s radar
...“The consolidation will reduce future costs, increase efficiency, and address shipbuilding overcapacity,” said Wes Bush, Northrop chief executive....
July 14, 2010
US & Canadian companies
Northrop’s ‘no’ highlights a step change
...“The company will focus on profitability, and operations like shipbuilding that can’t do their part could be gone.”...
March 9, 2010
US & Canadian companies
Northrop reports profit rise despite hurricanes
...Still, the slow-down in the DD(X) programme, coupled with damage to the company’s shipyards in the Gulf Coast town of Pascagoula, Mississippi, saw Northrop’s shipbuilding revenues slip from more than $1.7bn...
January 24, 2006

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