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Boeing Army Radio Program Terminated By Pentagon -Bloomberg

DOW JONES NEWSWIRES Boeing Co.'s (BA) largest U.S. radio program was terminated by the Defense Department because of rising costs, Bloomberg reported on its website Friday, citing a letter to Congress from the Pentagon's acting top weapons buyer. "Based on growth in the unit procurement costs, I am terminating the program," Frank Kendall wrote in the letter, which was obtained by Bloomberg News. The Defense Department will pursue a development program to buy less-powerful radios to "provide required military capability at less cost," Kendall wrote. Boeing was developing the Joint Tactical Radio System's Ground Mobile Radios as part of a group that included Northrop Grumman Corp. (NOC), Rockwell Collins Inc. (COL), BAE Systems Plc (BA.LN) and Harris Corp. (HRS). Full story at http://www.businessweek.com/news/2011-10-14/boeing-army-radio-program-terminated-by-pentagon-as-costs-rise.html -Dow Jones Newswires; 212-416-2900

Stock News for Northrop Grumman (NOC)
DateTimeHeadline
01/11/201714:00:00Invitation to Northrop Grumman’s Fourth Quarter 2016 Financial R...
01/04/201716:53:43Annual Statement of Changes in Beneficial Ownership (5)
01/04/201716:53:43Statement of Changes in Beneficial Ownership (4)
01/04/201716:52:24Statement of Changes in Beneficial Ownership (4)
01/04/201716:52:24Statement of Changes in Beneficial Ownership (4)
01/04/201716:51:58Statement of Changes in Beneficial Ownership (4)
01/04/201716:51:33Statement of Changes in Beneficial Ownership (4)
01/04/201716:49:48Statement of Changes in Beneficial Ownership (4)
01/04/201714:13:15Northrop Grumman Announces Webcast, Conference Call of Fourth...
12/20/201610:54:37Initial Statement of Beneficial Ownership (3)
12/14/201615:09:00Classified' in Defense Programs Could Blunt Donald Trump's Penchant...
12/13/201613:10:00Boeing Moving Defense Headquarters to Washington, D.C., Area
12/09/201609:34:13Current Report Filing (8-k)
12/08/201609:09:33Northrop Grumman Elects Mark A. Welsh III to its Board of Directors
12/05/201615:23:23Statement of Changes in Beneficial Ownership (4)
12/05/201610:03:00Saab Receives Contract for Components to the U.S. Marine Corps...
12/02/201617:53:01Statement of Changes in Beneficial Ownership (4)
12/02/201617:52:12Statement of Changes in Beneficial Ownership (4)
12/01/201616:54:27Current Report Filing (8-k)
11/30/201606:05:09Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)

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