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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
08/25/201612:00:00Northrop Grumman Demonstrates New Maritime Domain Awareness Capabilities...
08/23/201616:00:00Northrop Grumman Receives DOD James S. Cogswell Award for Outstanding...
08/23/201613:00:00Northrop Grumman Completes G/ATOR Block II Preliminary and Critical...
08/22/201610:00:00Northrop Grumman Awarded Contract to Modernize Global Hawk's...
08/22/201608:00:00Northrop Grumman to Provide Navigation System for German Satellite
08/18/201614:43:24Statement of Changes in Beneficial Ownership (4)
08/17/201618:15:00Northrop Grumman Board Declares Quarterly Dividend
08/16/201614:00:00Northrop Grumman's Astro Aerospace Completes NISAR Reflector...
08/16/201612:55:09Statement of Changes in Beneficial Ownership (4)
08/16/201608:00:00Northrop Grumman Showcases Key Capabilities at the 19th Annual...
08/15/201610:00:00Northrop Grumman Awards Engineering Scholarships to Two Students...
08/10/201610:09:32High School Students' Engineering and Academic Achievements Highlighted...
08/09/201609:15:00Northrop Grumman Completes Selection of 2016 Research Projects...
08/08/201615:43:26Statement of Changes in Beneficial Ownership (4)
08/08/201614:00:00In LVC First, Northrop Grumman and US Air Force Link Fifth- and...
08/05/201609:39:33Statement of Changes in Beneficial Ownership (4)
08/04/201614:00:00Northrop Grumman Awarded Department of Veterans Affairs Contract...
08/03/201614:00:00Northrop Grumman and Embry-Riddle Aeronautical University Align...
08/03/201609:58:07Northrop Grumman Begins Work on Second Japanese E-2D Advanced...
08/02/201617:50:33Statement of Changes in Beneficial Ownership (4)

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