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Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
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.
In 2015, while president of Northrop Grumman Information Systems, [11] she was included in Federal Computer Week 's "Federal 100" list; the magazine credited her for increasing Northrop Grumman's participation in the CyberPatriot program and creation of the Advanced Cyber Technology Center, and for overseeing $1.5 billion in contracts for the ...
On 18 September 2017, Northrop Grumman announced plans to purchase Orbital ATK for US$7.8 billion in cash plus assumption of US$1.4 billion in debt, [5] [6] and on 6 June 2018, the acquisition was completed, and Orbital ATK became Northrop Grumman Innovation Systems.
Northrop Grumman could cut as many as 550 jobs at its Redondo Beach and Manhattan Beach aerospace facilities after laying off several hundred employees earlier this year.
Predecessors of Huntington Ingalls Industries The former Huntington Ingalls Industries logo. When it spun off as a new company on 31 March 2011, Huntington Ingalls Industries comprised Northrop Grumman’s shipbuilding businesses in Newport News, Virginia, Pascagoula, Mississippi, and Avondale, Louisiana; Avondale was closed in 2014.
In the 1980s, US corporations began reducing training and other benefits for employees. The prevalence of employee education benefits programs was further reduced during the Great Recession, from 61 percent of companies surveyed in 2008 to 51 percent in 2018. [10] In 2021, a refound popularity among large employers has been met with skepticism.
TRW Inc. was an American corporation involved in a variety of businesses, mainly aerospace, electronics, automotive, and credit reporting. [2] It was a pioneer in multiple fields including electronic components, integrated circuits, computers, software and systems engineering.