NORTHROP GRUMMAN CORP

NYSE:NOCUnited States

Nov 14, 2024

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• DJ Defense Stocks Are Taking It On The Chin. -- Barrons.com, from 1:15PM ET on Thursday Nov 14, 2024 by Dow Jones

  1:15PM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: GD, LHX, LMT, NOC
  
  Al Root
  
  Defense stocks fell Thursday as investors considered what a second Trump presidency means for defense contractors.
  
  Change in and of itself wasn't what was troubling investors. The possible firing of several high-ranking Pentagon officials -- Gen. CQ Brown, chairman of the Joint Chiefs of Staff, is mentioned as one -- appears to be the catalyst.
  

• Market Chatter: Boeing Hires Northrop Grumman's Colin Miler to Lead Phantom Works Division, from 1:07PM ET on Thursday Nov 14, 2024 by MT Newswires

  1:07PM ET on Thursday Nov 14, 2024 by MT Newswires
  Companies Mentioned: NOC, BA
  01:07 PM EST, 11/14/2024 (MT Newswires) -- Boeing (BA) has appointed Colin Miler, a former Northrop Grumman (NOC) aeronautics engineering leader and ex-Air Force commander, to head its Phantom Works division, the Wall Street Journal reported Thursda...

• DJ Boeing Hires Northrop Executive to Revamp Pentagon Projects -- Update, from 11:57AM ET on Thursday Nov 14, 2024 by Dow Jones

  11:57AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: NOC, BA
  By Sharon Terlep Boeing has poached an executive from defense rival Northrop Grumman to run its Phantom Works division, which oversees research efforts for its Pentagon business and is involved in bidding for U.S. government projects. Colin Miller, a former Air Force commander who oversaw aeronautics engineering at Northrop, will take over the division, the jet maker told employees on Thursday. The Phantom Works division is also being combined into a single business unit. It currently is divided into separate organizations within Boeing's defense business. Boeing has been beaten out by rivals in several high-profile competitions for U.S. government programs. The company lost out earlier this year on a piece of a $30 billion U.S. Air Force program to develop drones that would fly alongside manned aircraft. It also didn't come away with a contract to build the next generation of the Air Force's so-called Doomsday aircraft, named for its ability to withstand nuclear war. The aerospace giant has been losing billions on military contracts and in September new Boeing CEO Kelly Ortberg fired the defense unit's chief. The company has taken big write-downs on several Pentagon contracts, including one to convert two 747 jumbo jets into new Air Force One jets. "We are working hard to stabilize BDS by sharpening our focus on delivering the programs and capabilities that are core to our business and our customers' missions," a Boeing spokeswoman said in a statement, referring to Boeing Defense, Space and Security, a unit of the company. Write to Sharon Terlep at sharon.terlep@wsj.com Corrections & Amplifications This article was corrected at 12:42 p.m. ET because it incorrectly spelled Colin Miller's name as Colin Miler. (END) Dow Jones Newswires November 14, 2024 11:57 ET (16:57 GMT)

• *DJ Boeing Hires Northrop Executive to Revamp Pentagon Projects, Memo Says -- WSJ, from 11:49AM ET on Thursday Nov 14, 2024 by Dow Jones

  11:49AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: NOC, BA
  
  Colin Miller will lead Pentagon projects for Boeing. "Boeing Hires Northrop Executive to Revamp Pentagon Projects," published at 11:49 a.m. ET, incorrectly spelled his name as Colin Miler.
  

• DJ Northrop Grumman on Pace for Largest Percent Decrease Since January -- Data Talk, from 11:00AM ET on Thursday Nov 14, 2024 by Dow Jones

  11:00AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: NOC
  
  Northrop Grumman Corp. (NOC) is currently at $505.89, down $14.53 or 2.79%
  
  --Would be lowest close since Oct. 30, 2024, when it closed at $505.34
  
  --On pace for largest percent decrease since Jan. 25, 2024, when it fell 6.33%