Aerospace Group:

Income, Sales Drop At Northrop Grumman In Fourth Quarter

Defense Daily Staff

Friday, January 31st, 2014

SHARE:

Northrop Grumman [NOC] on Jan. 30 posted lower earnings and sales in its fourth quarter, although an aggressive stock repurchase program helped maintain healthy per share earnings. Net income fell 10 percent to $478 million, $2.12 earnings per share (EPS), from $533 million ($2.14 EPS) a year, still well ahead of analysts’ expectations of $1.94 EPS. A pension adjustment and the company’s stock repurchase program reduced the outstanding share count by 10 percent, helping to prop up the EPS results, which…

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 […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]