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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
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05/24/201510:32:03The U.S. Navy Spent $744 Million to Build a Robotic Fighter Jet...
05/22/201510:14:19Current Report Filing (8-k)
05/21/201510:30:00Northrop Grumman to Participate in Bernstein's 31st Annual Strategic...
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05/20/201512:12:00Northrop Grumman Appoints Steve Lunny Vice President, Program...
05/20/201511:00:00Northrop Grumman Names Sonal B. Deshpande Vice President, Mission...
05/20/201507:00:00Northrop Grumman Announces 14 Percent Dividend Increase to $0.80...
05/18/201519:00:00Northrop Grumman Australia, 100 Mums, Partner to Increase Female...
05/18/201514:00:00Northrop Grumman's Voyage Management System Approved for Use...
05/18/201509:00:00Northrop Grumman Names 24 Maryland Winners in 13th Annual Engineering...
05/15/201516:16:04Statement of Changes in Beneficial Ownership (4)
05/15/201516:14:45Statement of Changes in Beneficial Ownership (4)
05/15/201509:00:00Northrop Grumman Establishes Science Advisory Board for Venus...
05/15/201508:00:00Northrop Grumman Appoints Jane Bishop Vice President, E-2/C-2...
05/14/201509:00:00Northrop Grumman Receives the Small Business Administration's...
05/13/201517:18:00Northrop Grumman Brings Cutting Edge Technology, New Products...
05/13/201509:00:00Northrop Grumman to Webcast Annual Shareholders Meeting
05/12/201517:17:18Boeing Plans to Keep Defense Scale

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