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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
06/28/201611:00:00Northrop Grumman AOA Xinetics' Telescope Expertise Tapped by...
06/22/201617:00:00Northrop Grumman's 2015 Corporate Responsibility Report Features...
06/22/201609:50:00BAE Systems Spies Growth in Space Defense
06/17/201608:45:00Industrial Goods Sector Equities Under the Scanner -- Textron...
06/15/201613:00:00Northrop Grumman Names 24 Maryland Winners in 14th Annual Engineering...
06/14/201613:12:27Annual Report of Employee Stock Plans (11-k)
06/14/201613:08:57Annual Report of Employee Stock Plans (11-k)
06/13/201614:30:00Last Call for Submissions for the Northrop Grumman Foundation's...
06/13/201612:30:00Northrop Grumman's Timothy Martin Recognized with NASA's Robert...
06/13/201610:00:00Northrop Grumman, Ultra Electronics Collaborating on Maritime...
06/10/201610:10:00Boeing's Defense Chief Looks Beyond Fighters
06/09/201615:53:38Statement of Changes in Beneficial Ownership (4)
06/08/201611:00:00Northrop Grumman to Participate in Citi's 2016 Industrials Conference
06/08/201609:00:00NEC, Northrop Grumman Cooperate in Cybersecurity
06/07/201616:52:43Statement of Changes in Beneficial Ownership (4)
06/07/201609:00:00Northrop Grumman, US Navy Complete Critical Design Review for...
06/06/201611:13:46Outdoor Learning Inspires Teachers and Students to Use Science...
06/02/201617:36:27Statement of Changes in Beneficial Ownership (4)
06/02/201616:01:00Correction on Northrop Grumman Headlines From April 27
06/02/201612:24:05Navigationssystem von Northrop Grumman wird für Spezialeinsatz-Flugzeuge...

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