northrop

The decision by EADS to bid for a contract worth at least $35 billion came six weeks after its partner, Northrop Grumman, dropped out of the contest.

European defense and aerospace consortium EADS and its U.S. partner, Northrop Grumman, have handed an apparent $35 billion dollar gift to rival Boeing — by packing up and going home.

The Northrop Grumman Corporation said on Monday that it would not bid for a $40 billion contract to build aerial refueling planes for the Air Force , leaving its rival, Boeing , as the likely winner of one of the Pentagon's largest contracts.

A- Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc.

Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc. to private equity firm General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. for $1.65 billion in cash.

Defense contractor Northrop Grumman says it's relocating the testing grounds for its unmanned aerial systems from Cochise County to an airfield in Utah.

Another hotly disputed contest is expected between Boeing and a joint venture that includes Northrop Grumman and EADS.

Northrop Grumman Corp. said Wednesday Ronald Sugar will step down as chairman and CEO at the end of the year, ahead of his retirement in June 2010.

Fitch Ratings said Monday it expects to assign an investment-grade rating to Northrop Grumman Corp.'s new senior notes.

Two of the nation's biggest military contractors reported mixed second-quarter earnings Thursday, results that come as the defense industry begins to sort out the impact of shifting priorities in Pentagon weapons buying strategies.