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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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03/25/201513:11:56Initial Statement of Beneficial Ownership (3)
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03/23/201513:00:00Northrop Grumman Successfully Completes Qualification of a Radiation...
03/23/201511:30:00Northrop Grumman Discusses its Economic Impact at California...
03/23/201510:00:00Northrop Grumman to Showcase Tomorrow's Solutions for Today's...
03/22/201511:13:02A-10 Warthog Is Out, F-15 and F-16 Are In, Says the Air Force
03/20/201511:00:00Northrop Grumman Names Alan Lytle Vice President, Undersea Systems
03/20/201509:00:00US Air Force Sustainment Center and Northrop Grumman Enter Into...
03/20/201506:03:37Current Report Filing (8-k)
03/19/201517:00:00Northrop Grumman Elects Marianne Brown to its Board of Directors
03/19/201516:01:00Northrop Grumman Wins Recompete to Protect DISA-Managed Networks...

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