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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
02/11/201607:15:32Amended Statement of Ownership (sc 13g/a)
02/10/201620:12:00Pentagon Still Plans F-35 Increase --update
02/10/201613:00:00Northrop Grumman Demonstrates Continued Progress With its Integrated...
02/10/201610:00:00STEM Teacher Training in a Tropical Forest: US Science Teachers...
02/09/201615:00:00Northrop Grumman Highlights Global Security Capabilities at Singapore...
02/09/201610:43:12Statement of Changes in Beneficial Ownership (4)
02/08/201613:30:00Northrop Grumman's BACN Completes 100,000 Combat Flight Hours
02/05/201611:00:00NASA Global Hawk Studies Severe El Nino Weather over the Pacific...
02/02/201610:00:00Northrop Grumman Celebrates Major Milestones on One-Year Anniversary...
02/01/201609:00:00Northrop Grumman to Participate in Cowen and Company 37th Annual...
01/29/201600:01:00Northrop Grumman's Upgraded Battle Manager Successfully Directs...
01/28/201623:44:00Defense Companies Feel Oil's Knock
01/28/201620:02:00Defense Companies Feel Oil's Knock
01/28/201613:22:00Northrop Grumman Profit Falls 9.3%
01/28/201613:20:00Correction to Northrop Grumman Earnings Story
01/28/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
01/28/201607:40:00Northrop Grumman Profit Falls 9.3%
01/28/201607:31:00Northrop Grumman Profit Falls 9.3%
01/28/201606:36:30Northrop Grumman Releases Fourth Quarter and 2015 Financial Results
01/28/201606:08:50Current Report Filing (8-k)

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