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Northrop Grumman Corporation
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Navy cuts off future buys of costly destroyer
The Navy confirmed Thursday it's terminating the costly next-generation Zumwalt destroyer in favor of a cheaper current generation warship in order to reach its goal of increasing the size of the fleet to 313 ships sooner.
Air Force nominee: Changes needed in contracting
The nominee to lead the Air Force said Tuesday a recent report detailing numerous problems with a $35 billion tanker contract was "troubling," and he is planning reviews of the service's process of awarding contracts.
U.S. missile defense sensor test called successful
A missile launched from Alaska was successfully tracked Friday by land-, sea- and space-based sensors in a test of the Ground-based Midcourse Defense system, the U.S. Missile Defense Agency and the Boeing Co. said.
Bush urged to reject pressure on tanker bids
Two House lawmakers are urging President Bush to ignore pressure from European leaders in choosing a new supplier for a $35 billion Air Force aerial refueling tanker contract.
New subs to be named Minnesota, North Dakota
The U.S. Navy says its next two fast-attack submarines will be named Minnesota and North Dakota.
Hamilton Sundstrand protests NASA contract
Hamilton Sundstrand has protested NASA's selection of a Texas company to supply the space agency's next-generation space suit.
Boeing optimistic about its tanker bid
John Lockard, chief operating officer of Boeing Co.'s defense unit, said Monday he is looking forward to addressing the revised bid request for a $35 billion tanker contract, calling the U.S. Air Force's intention to pick a winner by the end of the year "a sporty schedule."
Lockheed Martin urges transparency
Lockheed Martin Corp.'s chairman Robert J. Stevens on Sunday urged European regulators to further promote transparency and competition, warning that the idea that protectionism would strengthen markets is misguided.
EADS CEO confident of winning US tanker contract
The chief executive of EADS said he is confident his company and U.S. partner Northrop Grumman Corp. will win a disputed $35 billion Pentagon Air Force tanker contract when the bidding process reopens.
Market pessimism carries several stocks to year lows
It seems there’s no escaping pessimism about the stock market and the economy as a whole — even the bookstore isn’t safe.
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