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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
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)
11/29/201606:04:58Current Report Filing (8-k)
11/28/201617:52:12Northrop Grumman Prices $750 Million Debt Offering and Announces...
11/28/201617:11:30Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
11/28/201608:57:49Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/22/201610:00:00Northrop Grumman to Participate in Credit Suisse Conference
11/20/201620:50:00CFIUS Again Objects to a China-Europe Deal
11/20/201620:50:00U.S. Moves to Block Chinese Takeover of German Tech Firm
11/17/201612:12:09Statement of Changes in Beneficial Ownership (4)
11/16/201618:00:00Northrop Grumman Board Declares Quarterly Dividend
11/15/201614:42:06Northrop Grumman Grows CyberCenturion and Launches 2016-2017...
11/10/201617:09:00U.S. Military Veterans to Meet U.S. Olympians at Historic New...
11/09/201618:21:00Defense Stocks Rise on Donald Trump Victory -- Update
11/09/201613:40:54Statement of Changes in Beneficial Ownership (4)
11/09/201611:10:00Businesses World-Wide Face Uncertainty in Wake of Trump Victory
11/09/201609:57:00Defense Stocks Rise on Donald Trump Victory
11/09/201605:40:00Corporate Winners and Losers Emerge After Trump Win

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