Fox Business - The Power to Prosper
Search Site

Northrop Grumman

Plan to Ax A-10 Warthog Gets Pushback

A proposal from the Department of Defense to ax the Air Force's entire fleet of A-10 Thunderbolts is receiving criticism from multiple fronts with questions over how the move will impact military bases and defense contractors.The Pentagon's 2015 budget, unveiled by Defense Secretary Chuck Hagel on Monday, includes a significant reduction in the Army, changes to military pay and benefits and other moves. The budget proposal calls for an Army of 440,000 to 450,000 soldiers by 2019, down from the current level of 522,000.Retiring the A-10, nicknamed the Warthog, will save $3.5 billion over five years, Hagel said. The Air Force has a fleet of more than 300 Warthogs that provide air support for ground troops. Meanwhile, the Pentagon also plans to ground its U-2 spy planes, replacing them with the unmanned Global Hawk.For now, Northrop Grumman (NYSE:NOC), Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) can compete for Thunderbolt Life Cycle Program Support contracts to do work for the fleet ...

Read More

  1. U.S. Navy orders Raytheon to halt radar work after protest

    The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar (AMDR) valued at $1.6 billion after Loc...

  2. Northrop Grumman 3Q earnings

    Earnings HQ: FBN’s Diane Macedo breaks down Northrop Grumman ’s third-quarter earnings report.

  3. Northrop Grumman Beats the Street, Ups 2013 View

    Northrop Grumman (NYSE:NOC) reported a better-than-expected 8.3% increase in its third-quarter earnings, as stronger margins lifted the defense contractor amid softe...

  4. ETF Outlook for Wednesday October 23, 2013

    ETF Outlook for Wednesday October 23, 2013iShares Dow Jones US Aerospace & Defense ETF (NYSE:ITA)Three of the top six holdings of ITA report earnings today so expect...

  5. Power Play 10/14: Shutdown Day 14

    Budget battle gets dicey. Plus - ObamaCare off the hook? And KT McFarland on Egypt

  6. Which States Are Best for Business?

    The Tax Foundation’s 2014 State Business Tax Climate Index finds a connection between low taxes and business migration and creation.

  7. Shutdown Keeps the Lid on Aerospace, Defense Stocks

    United Technologies just announced that a prolonged federal government shutdown will force it to furlough thousands of workers because of a lack of government inspec...

  8. Affordability is R&D focus for arms industry: executives

    NATIONAL HARBOR, Maryland (Reuters) - The single biggest driver for research and development in the U.S. arms industry is not a hot area like unmanned weapons, cyber...

  9. Northrop sees foreign sales opportunities for Global Hawk

    NATIONAL HARBOR, Maryland (Reuters) - Northrop Grumman Corp on Monday said it expects expanded sales of its high-altitude unmanned Global Hawk aircraft, which passed...

  10. A Potential Strike on Syria…But at What Cost?

    FOXBusiness.com’s Victoria Craig highlights one of the main budgetary concerns facing the Pentagon.

  11. Northrop Grumman to Buy Qantas Defense Unit

    Northrop Grumman (NYSE:NOC) agreed to buy the defense unit of Australian flag carrier Qantas Airways, as the fifth-largest U.S. military contractor seeks to increase...

  12. Four U.S. companies get funds for more work on unmanned plane

    Four U.S. weapons makers each received $15 million in funding on Wednesday for continued work on a new unmanned combat plane for use on U.S. Navy aircraft carriers, ...

  1. Lower Aerospace Revenue Weighs on Northrop

    U.S. weapons maker Northrop Grumman Corp reported a 10 percent fall in quarterly profit, partly due to lower sales in its aerospace business.Net profit fell to $478 ...

  2. Investors Are Playing Defense… Literally

    Investors are buying up shares of aerospace and defense stocks on Tuesday.Rockwell Collins (NYSE:COL) lit the engines, beating on earnings and revenue and raising it...

  3. War Games: An unmanned helicopter that flies itself

    Allison Barrie discusses the fully autonomous helicopter used for a range of missions including communication, resupply and cargo delivery

  4. Are drones the next big investment?

    DroneDeploy CEO Mike Winn, futurist James Canton and CapitalistPig.com’s Jonathan Hoenig on how investors can gain from the expanding use of commercial and consumer use of drones.

  5. Traders Play Defense Ahead of FOMC Meeting

    Investors are playing defense – literally – ahead of this afternoon's FOMC decision and statement. The four aerospace/defense stocks below are touching all-time high...

  6. CEOs visit White House to discuss cybersecurity

    Gov. Tom Ridge and former cyber terrorism official Michael Vatis on CEOs meeting with President Obama to discuss a cybersecurity framework.

  7. Red Sox try to win first World Series at Fenway since '18

    FBN's Tracy Byrnes breaks down afternoon market news.

‹ Prev12345Next ›
Freebase CC-BY
Source: Northrop Grumman on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL