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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
07/02/201516:12:05Statement of Changes in Beneficial Ownership (4)
07/02/201516:12:05Statement of Changes in Beneficial Ownership (4)
07/02/201516:12:05Statement of Changes in Beneficial Ownership (4)
07/02/201516:11:37Statement of Changes in Beneficial Ownership (4)
07/02/201516:10:19Statement of Changes in Beneficial Ownership (4)
07/02/201516:10:19Statement of Changes in Beneficial Ownership (4)
07/02/201516:10:19Statement of Changes in Beneficial Ownership (4)
06/30/201515:00:00Northrop Grumman Appoints Jeanie Wade Vice President, Service...
06/30/201514:53:51Northrop Grumman Hires First Supply Chain Manager
06/30/201510:00:00Northrop Grumman, U.S. Navy Successfully Conduct E-2D Advanced...
06/30/201503:00:00University Students to Compete in Final of Unmanned Aircraft...
06/30/201503:00:00University Students to Compete in Final of Unmanned Aircraft...
06/29/201514:00:00Northrop Grumman, US Navy Celebrate Legacy of EA-6B Prowler...
06/24/201511:05:00Northrop Grumman Hosts Robotics and Computer Science Projects...
06/23/201508:00:00Northrop Grumman Introduces New Commercial Inertial Measurement...
06/22/201513:00:00Northrop Grumman's LITENING Digital, High Definition Video Sharpens...
06/22/201513:00:00Northrop Grumman's LITENING Digital, High Definition Video Sharpens...
06/22/201510:00:00Northrop Grumman to Provide Anti-Missile System to Air National...
06/17/201517:18:00Northrop Grumman Successfully Flies Open Mission Systems Architecture...
06/17/201511:00:00Northrop Grumman Awards Grants to San Fernando Valley Area Teachers...

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