Welcome to our dedicated page for Northrop Grumman news (Ticker: NOC), a resource for investors and traders seeking the latest updates and insights on Northrop Grumman stock.
Northrop Grumman Corporation (NOC) is a global leader in advanced defense systems, aerospace innovation, and mission-critical technology solutions. This page aggregates official news releases and verified updates about the company’s strategic initiatives, government partnerships, and technological breakthroughs.
Investors and industry professionals will find a centralized resource for tracking NOC’s earnings announcements, major contract awards, and advancements in space systems, autonomous platforms, and cybersecurity solutions. The curated content ensures stakeholders stay informed about developments impacting national security and the company’s market position.
Key focus areas include updates on aeronautics programs, missile defense systems, satellite technologies, and digital manufacturing innovations. All content is sourced directly from Northrop Grumman’s communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to critical updates about one of the defense sector’s most influential technology providers. Regularly updated to reflect NOC’s evolving role in shaping global security infrastructure.
Northrop Grumman (NYSE: NOC) has secured a contract from the Missile Defense Agency (MDA) to develop the Next Generation Interceptor (NGI) program. This initiative aims to enhance U.S. defense capabilities against complex long-range missile threats. Collaborating with Raytheon Missiles & Defense, both companies leverage extensive expertise in missile defense technology. The contract's performance period extends through 2029 and focuses on rapid development and flight testing of the NGI. The program will be managed primarily from Huntsville, Alabama.
Northrop Grumman Corporation (NYSE: NOC) has declared a quarterly dividend of $1.45 per share on its common stock. The dividend is payable on March 17, 2021, to shareholders on record by the close of business March 1, 2021. This decision reflects the company's commitment to returning value to its shareholders. With a strong workforce of 97,000 employees, Northrop Grumman continues to address complex challenges in space, defense, and cyberspace, leveraging advanced science and technology to develop innovative solutions.
Northrop Grumman Corporation (NYSE: NOC) will present at Citi’s 2021 Global Industrials Virtual Conference on February 18, beginning at 8:00 a.m. Eastern time. CEO Kathy Warden and CFO Dave Keffer will lead the presentation, which will be webcast live. Northrop Grumman focuses on solving complex challenges in space, aeronautics, defense, and cyberspace, employing 97,000 individuals to deliver advanced systems and services globally. Forward-looking statements will be made during the presentation, highlighting potential future risks and uncertainties associated with company performance.
Northrop Grumman (NYSE: NOC) will redeem all outstanding 2.55% Senior Notes due October 2022 for cash on March 24, 2021. The redemption will occur at a premium price, leading to an expected pre-tax charge of approximately $55 million in Q1 2021, which is excluded from its 2021 financial guidance. Currently, $1.5 billion of these Notes are outstanding. This action is part of Northrop Grumman's strategy to manage its financial obligations and optimize its capital structure.
Northrop Grumman has finalized the sale of its IT services business to Peraton for $3.4 billion in cash. This strategic divestiture aims to enhance focus on core operations and optimize portfolio management. The company plans to utilize the proceeds largely for share repurchases and debt retirement. It is important to note that the gains from this sale and associated fees are excluded from the 2021 financial guidance. Northrop Grumman employs around 97,000 employees who work on advanced systems across various sectors.
Northrop Grumman announced an accelerated share repurchase agreement with Goldman Sachs to repurchase $2 billion of its common stock. Initial deliveries of about 5.9 million shares are expected on February 2, 2021, representing approximately 85% of the planned buyback based on a closing price of $286.61. The total shares will depend on the company's volume-weighted average price during the agreement period and is anticipated to conclude in Q2 2021. This buyback utilizes part of the remaining $5.8 billion share repurchase authorization.
Northrop Grumman Corporation (NYSE: NOC) reported its fourth quarter and full-year 2020 financial results on January 28, 2021. Specific financial figures were not disclosed in the press release, but the company emphasized its commitment to innovation in space, aeronautics, defense, and cyberspace. Northrop Grumman employs 97,000 people and focuses on addressing complex challenges through advanced systems, products, and services. An earnings conference call is scheduled for today at 9 a.m. Eastern time, accessible via the company's investor relations website.
Northrop Grumman Corporation (NYSE: NOC) will release its fourth quarter and 2020 financial results on January 28, 2021. The earnings release will be posted on the investor relations website, followed by a conference call at 9:00 a.m. ET on the same day. Kathy Warden and Dave Keffer will discuss the results and provide 2021 guidance. Northrop Grumman focuses on addressing complex challenges in space, defense, and cyberspace, supporting its global customers with advanced systems, products, and services.
Northrop Grumman announces the $3.4 billion cash sale of its federal IT and mission support services business to Veritas Capital. The transaction is expected to close in H1 2021, pending regulatory approvals. This business is projected to generate around $2.3 billion in revenue for 2020. CEO Kathy Warden emphasizes that this divestiture will enhance focus on core businesses, ultimately creating shareholder value. Proceeds from the sale will primarily fund share repurchases and debt reduction.
The Northrop Grumman Corporation board has declared a quarterly dividend of $1.45 per share on its common stock. The dividend is payable on December 16, 2020, to shareholders of record as of the close of business on November 30, 2020.
Northrop Grumman focuses on addressing complex challenges in the fields of space, aeronautics, defense, and cyberspace, employing around 90,000 employees to develop advanced systems, products, and services.
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