:

Business/Financial

Despite Surprise Leadership Announcement, Analysts See Positives At Northrop Grumman

By Cal Biesecker

Friday, July 13th, 2018

SHARE:

Despite Surprise Leadership Announcement, Analysts See Positives At Northrop Grumman

Kathy Warden, president and chief operating officer of Northrop Grumman, will become president and CEO on Jan. 1, 2019. Photo: Northrop Grumman

Northrop Grumman [NOC] made a surprise announcement Thursday evening that Chairman and CEO Wes Bush will step down from the CEO role next year and be succeeded by Kathy Warden, the company’s current president and chief operating officer (COO), who has been groomed to take over leadership of the company.Prior to becoming president and COO on Jan. 1 of this year, Warden led Northrop Grumman’s $11.4 billion Mission Systems sector, overseeing programs that include cyber, self-protection and targeting, air and…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]