Search results
Results From The WOW.Com Content Network
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 97,000 employees [3] and an annual revenue in excess of $40 billion, it is one of the world's largest weapons manufacturers and military technology providers.
Such a merger would have eliminated competition for the production of Virginia-class submarines, which have only been made by Newport News and GD subsidiary Electric Boat. Northrop Grumman matched GD with a similar bid, and following a Department of Justice anti-trust lawsuit to block GD's bid, GD called off their bid. [16]
HII, ranked No. 375 on the Fortune 500, was formed on 31 March 2011, as a divestiture from Northrop Grumman. [6] [7] HII comprises three divisions: Newport News Shipbuilding in Virginia, Ingalls Shipbuilding in Mississippi, and Mission Technologies. In April 2022, Huntington Ingalls Industries changed its branding name to HII. [8]
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 ...
Contractor Northrop Grumman could lay off as many as 550 workers in Redondo Beach and Manhattan Beach, following a round of layoffs earlier this year.
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
The Federal Trade Commission (FTC) approved the acquisition with conditions on June 5, 2018, and on June 6, 2018, Orbital ATK was renamed Northrop Grumman Innovation Systems. [ 7 ] [ 8 ] With Northrop Grumman's reorganization of its divisions effective January 1, 2020, Northrop Grumman Innovation Systems was split, with most of the sector ...
The spinoff of the Sporting Group to create Vista Outdoor and the merger leading to the creation of Orbital ATK were completed on February 9, 2015; both companies began operations as separate entities on February 20, 2015. [11] [12] Orbital ATK was bought by Northrop Grumman in June 2018. [13]