LOS ANGELES — Defense contractor Northrop Grumman Corp. says its third-quarter net income edged up on contributions from its aerospace, electronics and technology businesses.
Shipbuilding was the only operating segment where profit dropped.
Northrop also raised its earnings guidance for the year.
The Los Angeles company reported net income of $497 million, or $1.67 per share, in the [...] [...]
PASCAGOULA – A future multimillion dollar school aimed at educating shipbuilders in South Mississippi is being scaled down to stay within its budget.
The $20 million federally funded Jackson County Maritime Trades Academy is meant to provide a skilled work force and help Northrop Grumman Shipbuilding expand its two- to four-year apprentice program from 610 to [...] [...]
PASCAGOULA – A potential buyer of Northrop Grumman Ship Systems has written governors in three states saying it plans to quickly finalize contract negotiations to preserve an estimated $5 billion in work for the Navy and Coast Guard.
The Mississippi Press reports Cleveland Shipbuilding Group, headquartered in Cleveland, Ohio, sent the letters to Govs. Haley Barbour [...] [...]
Since losing out on the $35B KCX-45 contract, what’s on tap for the Aerospace Alliance?
When Gov. Haley Barbour joined governors and economic development officials from three other states last year in announcing the creation of The Aerospace Alliance, it was made clear what the first priority was: doing whatever it took to ensure Northrop Grumman [...] [...]
Defense contractor Boeing said yesterday that it would bid for the Air Force’s troubled $35-billion refueling plane contract, leaving rival Northrop Grumman to decide if it would make its own attempt to build the long-delayed jets.
Boeing said it plans to offer a military version of its 767 passenger jet for a fleet of 179 new [...] [...]
Four-state alliance tries to garner contract; bring tens of thousands of jobs to region
Gaining consensus in politics within one state’s borders is difficult. Pulling agreement out of four states is nearly impossible.
But that’s what happened in October when Mississippi joined Louisiana, Alabama and the Panhandle region of Florida to form the Aerospace Alliance, a consortium [...] [...]
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