Favorable foracast.Amid a slew of new contracts, one of L.A.'s largest companies has reaffirmed its bright outlook for the year. 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. Corp., the $30 billion defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; and aerospace manufacturer, said it expects revenue to climb to $31.5 billion on earnings of $4.90 to $5.05 per share. Wall Street estimates put the company's earnings around $5.05. At an investor conference last week, Chief Financial Officer James Palmer There are several people called James Palmer. Politicians:
The company has recently won several large government contracts for a variety of services. Northrop Nor·throp , John Howard 1891-1987. American biochemist. He shared a 1946 Nobel Prize for discovering methods of producing pure enzymes and virus proteins. was one of five companies to receive a contract that could be worth as much as $15 billion to provide technology to help the government's counter-drug and counter-narcoterrorism operations. "Northrop Grumman's broad technical expense will enable the company to deliver solutions that meet the current and future needs of the Counter-Narcoterrorism Technology Program Office and protect U.S. national security and coalition partner interests," said Wood Parker, president of the company's Information Technology Intelligence group, in a statement. The company also won a $331 million U.S. Army contract last week for logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation support at several military locations. Northrop additionally was awarded three Navy contracts worth $120 million, $43 million and $1.8 million. Staff reporter Richard Clough Sir Richard Clough (c. 1530–1570) was a merchant from Denbigh and an agent of Queen Elizabeth I of England. Clough was from a humble background, but his fortunes were improved when he was noticed, as a boy chorister in Chester Cathedral, for his remarkable singing can be reached at (323) 549-5225, ext. 251, or at rclough@labusinessjournal.com. |
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