Tag: Grumman

Northrop Grumman names Cygnus cargo craft for fallen Challenger commander

The commander of the ill-fated flight of space shuttle Challenger is being remembered 40 years after his first spaceflight with a commercial spacecraft bearing his name. NASA astronaut Francis R. “Dick” Scobee, who flew twice on Challenger — first as its pilot in 1984 and then as commander two years later — is the namesake […]

Northrop Grumman expanding with $178M Naval contract

Mar. 30—ROCKET CENTER, W.Va. — Northrop Grumman Corp. officials announced this week that an expansion will take place at the company’s Rocket Center facility as a result of a $178 million contract with U.S. Naval Sea Systems Command. The expansion is designed to meet global security demands and will include adding structures to the Naval […]

DARPA picks Northrop Grumman to develop ‘lunar raiload’ concept

Railroads could open the moon to serious and sustained economic development, as they did in the American West in the late 19th century. That’s apparently the hope of the U.S. Defense Advanced Research Projects Agency (DARPA), which is supporting the development of a “lunar railroad” concept proposed by aerospace giant Northrop Grumman. “The envisioned lunar […]

Why Northrop Grumman Stock Is Getting Bludgeoned Today

Defense contractor Northrop Grumman‘s (NYSE: NOC) most important program is coming in way over budget, and investors are throwing up the white flag. Shares of Northrop Grumman traded down 7% as of 11 a.m. ET Thursday after the company reported a fourth-quarter loss and provided a gloomy outlook for its brand new bomber. An earnings […]