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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
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
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
Northrop Grumman earnings beat estimates
...We completed the shipbuilding spin-off and our newly aligned portfolio generated solid financial results,” said Wes Bush, chief executive officer and president....
April 27, 2011
FT Live
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Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
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
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
...to spin off its shipbuilding business....
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
News in-depthThe Big Read
Industrial espionage: Data out of the door
...Among those in the Chinese sights were Symantec, Adobe Systems and Northrup Grumman. In all cases, the target was intellectual property, including software codes, chip designs and the like....
February 1, 2011
Cyber warfare
Austerity cruises on to Farnborough’s radar
...Northrop Grumman, the US Navy’s largest shipbuilder, this week announced it is consolidating its Gulf Coast facilities and exploring strategic alternatives for its shipbuilding business....
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
...Northrop Grumman, the Los Angeles-based defence giant, saw its profits in the fourth quarter rise 22 per cent over 2004, despite having its warship building operations hit hard by Hurricane Katrina in October...
January 24, 2006
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Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
LexDefence in the downturn
Lex: BAE Systems
...At 24 times forecast earnings, the deal is no bargain, reflecting rival interest from Lockheed Martin, Northrup Grumman and others....
March 7, 2005

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