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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
05/24/201609:12:02Northrop Grumman to Showcase Solutions for Evolving the Special...
05/23/201613:30:00Northrop Grumman Selected for Advanced Technology Support Program...
05/20/201616:21:43Statement of Changes in Beneficial Ownership (4)
05/20/201616:21:43Statement of Changes in Beneficial Ownership (4)
05/20/201616:21:43Statement of Changes in Beneficial Ownership (4)
05/20/201616:21:43Statement of Changes in Beneficial Ownership (4)
05/20/201616:21:43Statement of Changes in Beneficial Ownership (4)
05/20/201616:21:19Statement of Changes in Beneficial Ownership (4)
05/20/201616:20:26Statement of Changes in Beneficial Ownership (4)
05/20/201616:18:18Statement of Changes in Beneficial Ownership (4)
05/20/201616:15:10Statement of Changes in Beneficial Ownership (4)
05/20/201616:14:18Statement of Changes in Beneficial Ownership (4)
05/20/201616:10:22Statement of Changes in Beneficial Ownership (4)
05/20/201616:08:39Statement of Changes in Beneficial Ownership (4)
05/19/201617:13:13Current Report Filing (8-k)
05/19/201615:10:04Northrop Grumman's Jeannie Hilger Honored as National Latina...
05/19/201611:32:43Northrop Grumman Presents Cutting Edge Technology, New Products...
05/18/201611:30:00Warren King Joins Northrop Grumman International Advisory Board
05/17/201617:15:00Northrop Grumman Increases Quarterly Dividend 12.5 Percent to...
05/16/201610:15:00Northrop Grumman Completes Preliminary Design Review Event for...

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