Sign In
Search
Business/Financial

Northrop Grumman Announces Offsetting Settlements With DoJ

DDN
SHARE:

Northrop Grumman [NOC] on Thursday evening announced two legal settlements with the Department of Justice (DoJ), one that requires the company to make a $325 million payment and the other to receive $325 million, resulting in a wash. However, the company expects to record a net gain in the second quarter related to the settlement requiring it to pay $325 million related to DoJ claims that the former TRW, Inc., which was later acquired by Northrop Grumman, sold a government…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Northrop Grumman Settles Whistleblower Suit For $12.5 Million

Business/Financial

Northrop Grumman Reports Solid Operating Results Despite Hefty Charge

Business/Financial

Northrop Grumman’s Per Share Earnings Increase Despite Drop In Net Income

Business/Financial

Northrop Grumman Turns In Strong Operating Results To Close 2007

Trending

DoD Makes Cuts, Plans ‘AI-First’ Transformation For R&D Resource Center
New Electro-Optical Commercial Services Program Advised by Senate Defense Appropriators
Senate Appropriators Restore $1.4 Billion For Navy’s Sixth-Gen Fighter Program In FY ‘26 Spending Bill
Senate Appropriators Approve FY ‘26 Defense Bill With $21.7 Billion Increase, Address DoD’s Funding Errors
Big Department of Air Force Plus Ups from SAC-D Include C-130J; JASSM; EA-37B; Tranche 3, Transport Layer

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume