Northrop Grumman (NYSE: NOC) has increased its quarterly dividend by 8 percent to $1.87 per share. The company said Tuesday its board of directors authorized the raise and that shareholders of record as of the close of business on May 30 will receive the dividend June 14. Kathy Warden, chair, CEO and president of Northrop,...
Northrop Grumman (NYSE: NOC) will continue to help the Missile Defense Agency maintain complex simulation and modeling platforms under a three-year, $244.7 million contract modification. This award falls under an indefinite-delivery/indefinite-quality contract and includes work on advanced discrimination approaches that support MDA’s Ballistic...
Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) have secured other transaction prototype agreement modifications to extend the companies’ technology development services under the Missile Defense Agency’s Glide Phase Interceptor program. The additional funds would allow the contractors to fine-tune GPI concepts, as par...
Mary Petryszyn, former corporate vice president of Northrop Grumman (NYSE: NOC), was named to the board of directors of Saab, according to the Swedish aerospace and defense company. The executive retired from Northrop in mid-January, wrapping up her decadelong career at the company, where she most recently served as president of its defense systems ...
After a competitive four months and tens of thousands of votes, Executive Mosaic is excited to announce that the winner of the 2023 Wash100 popular vote competition is the resolute Department of Defense cornerstone, Defense Secretary Lloyd Austin. This year, a staggering nearly 40,000 votes were cast in support of the esteemed recipients of the 2...
General Electric (NYSE: GE), Northrop Grumman (NYSE: NOC) and Carbon-Carbon Advanced Technologies have received separate contracts from the Department of Defense to further build up supply chains for hypersonic systems and strategic platforms. GE will increase capacity to produce high- and ultra-high temperature composites under a potential 39-month...
Northrop Grumman (NYSE: NOC) posted $9.3 billion in revenue for the first quarter of 2023, a 6 percent increase from the same period last year, as its defense, mission and space systems business logged higher sales. In its quarterly earnings report released Thursday, Northrop reported an operating income of $947 million and a margin rate...
GovCon industry veteran Damian DiPippa has been appointed CEO of Aretum, the newly created government services platform company within Renovus Capital Partners. Atif Gilani, founding partner at Renovus Capital, said in a statement published Thursday DiPippa’s experience and knowledge of the government services sector will enable him to impleme...
The final two weeks of Executive Mosaic’s Wash100 Popular Vote contest have begun, with the top 20 inductees receiving more votes than the previous week. Carahsoft President Craig Abod, a nine-time award recipient, still has the most supporters keeping him at the top spot. Microsoft Federal President Rick Wagner and Defense Secretary Lloy...
Global Ordnance‘ military products division will provide ammunition to the U.S. Army under a $431 million firm-fixed-price contract. Army Contracting Command received two bids for the procurement effort and will determine the funds upon issuance of individual orders, the Defense Department said Friday. DOD expects contract work to be complete ...
