Aerospace Group:

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…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]