Mick Jaggers, a nearly 15-year veteran of Northrop Grumman (NYSE: NOC), has joined CAES to serve as vice president of program management at the Arlington, Virginia-headquartered aerospace and defense contractor. In a LinkedIn post Tuesday, he shared his transition from serving as a Northrop VP to joining the CAES team and organization. Jaggers worke...
LMI has elevated Joe Niehaus, a 23-year industry veteran, to senior vice president of the consultancy’s logistics service line and hired Zaki Saleh, formerly an executive at Peraton, to serve as SVP for the health and civilian market. Pete Pflugrath, executive VP of markets and growth at LMI, said in a statement released Monday the...
The U.S. Air Force has awarded five companies positions on a potential 10-year, $975 million contract to perform technology maturation and risk reduction work under a program that seeks to build prototypes of an adaptive engine for next-generation fighter aircraft. The awardees are General Electric’s (NYSE: GE) Edison Works business, Raytheon Tech...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago. The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close...
Dr. Colin Chinn, chief medical officer of the global health and financial solutions sector at Peraton, has joined a federal advisory committee that advises the Department of Defense on health-related matters. He will serve a four-year term on the Defense Health Board and help provide independent advice to the DOD secretary on issues associated with...
Northrop Grumman (NYSE: NOC) stated an 8 percent year-over-year growth in space segment sales for the second quarter to $2.98 billion with the increase partially offsetting lower revenues at the company’s three other core business sectors. April-June sales were $8.80 billion, compared to $9.15 billion for the same period last year, and Northro...
Northrop Grumman (NYSE: NOC) has won a potential five-year, $3.29 billion contract from the Missile Defense Agency to design, build, test and deploy a next-generation weapon system for defending against ballistic missile strikes. The company will aim to produce Ground-Based Midcourse Defense software and hardware that would exceed the performance of...
TYSONS CORNER, VA, Aug. 1, 2022 — Northrop Grumman (NYSE: NOC) looks to expand its defense market footprint with a 113,000-square-foot missile integration facility that is currently being built in West Virginia and is planned to accommodate the second lot of a U.S. Navy missile low rate initial production, ExecutiveBiz reported. “Northrop Grumma...
Northrop Grumman (NYSE: NOC) has won a five-year, $533.8 million contract to manufacture fuze devices for U.S. Army artillery. The branch’s contracting command received two bids for the M782 multi-option fuze procurement via an online solicitation and expects work under the firm-fixed-price contract to be complete by July 26, 2027, t...
