Company Watch - Northrop Grumman.Oct 30, 2006 Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. reports slightly higher Q3. Northrop Grumman reports third-quarter profits increased 3% to $302 million and noted that sales rose at most of its defense businesses. The company also says it has proposed a $112.5 million settlement to resolve claims by the Justice Department and a "classified customer." The claims are related to microelectronic parts produced by the Space and Electronics sector of the former TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc , which Northrop acquired. Oct 25, 2006 Defense firms seek local contracts as fed spending slows. More defense companies are pursuing state and local contracts as the growth of federal spending slows. Lockheed Martin is currently bidding on a $500 million contract to consolidate Texas data centers. Northrop Grumman recently won a $2 billion contract to overhaul Virginia's information-technology infrastructure. Oct 23, 2006 Three firms receive contracts for anti-MANPADS technology. L-3 Communications AVISYS, Northrop Grumman Space Technology and Raytheon have received contracts from the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States to evaluate technology to counter man-portable air-defense systems Man-portable air-defense systems (MANPADS) are shoulder-launched surface-to-air missiles. They typically use infra-red guidance and can be a threat to low-flying aircraft, especially helicopters. , or MANPADS MANPADS Man-Portable Air Defense System . The companies will work with the Department of Defense and DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) to determine which systems would work in civilian aviation. Oct 25, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 23, 2006 |
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