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Northrop Grumman Corporation
SECURITY: NOC  (Common)   EXCHANGE: New York Stock Exchange   CURRENCY: US Dollar 

Groupe de défense américain
Northrop Grumman Corporation est une compagnie globale de la défense  Northrop Grumman fournit les produits technologiquement avancés et innovateurs, les services et les solutions dans l'électronique de défense, l'intégration de systèmes, la technologie de l'information, la construction navale nucléaire et non-nucléaire, et la technologie de l'espace.  120.000 employés 

Northrop Grumman Corporation is a $25 billion global defense company, with worldwide headquarters in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in defense electronics, systems integration, information technology, nuclear and non-nuclear shipbuilding, and space technology. With approximately 120,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.

http://www.northropgrumman.com/



Northrop Grumman Reports Fourth Quarter and 2008 Results 

 * Q4 Sales Increase 4 Percent to Record $9.2 Billion; 2008 Sales   Increase 6 Percent to Record $33.9 Billion
 * Record $78 Billion Total Backlog; New Business Awards Total Record   $48.3 Billion in 2008
 * Q4 Cash from Operations Increases to $1 Billion; 2008 Cash from   Operations Increases to Record $3.2 Billion After $200 Million
   Pension Pre-funding
 * Q4 Free Cash Flow Increases to $790 Million; 2008 Free Cash Flow   Increases to Record $2.4 Billion
 * Q4 and 2008 Loss from Continuing Operations of $7.76 and $3.83   per Share Driven by Non-Cash Goodwill Impairment Charge of   $3.1 Billion
 * Excluding Goodwill Impairment Charge, Q4 Earnings per Share from   Continuing Operations Increases 19 Percent to $1.57 and for 2008
   Increases 1 Percent to $5.21 per Share
LOS ANGELES - Feb. 3, 2009 - Northrop Grumman Corporation (NYSE: NOC) reported a fourth quarter loss from continuing operations of $2.5 billion and a 2008 loss from continuing operations of $1.3 billion driven by a non-cash, after-tax charge of $3.1 billion for impairment of goodwill in accordance with Statement of Financial Accounting Standards (SFAS) 142 "Goodwill and Other Intangible Assets." 
Fourth quarter 2008 sales increased 4 percent to $9.2 billion from $8.8 billion in the 2007 fourth quarter. 2008 sales increased 6 percent to $33.9 billion from $31.8 billion in 2007. Cash from operations for the 2008 fourth quarter increased to $1 billion from $734 million in the 2007 fourth quarter, and cash from operations for the year increased to a record $3.2 billion from $2.9 billion in 2007. Cash from operations, for both the fourth quarter and total year, was reduced by discretionary pension pre-funding of $200 million in both 2008 and 2007. 
"Our underlying fourth quarter operating results were outstanding and represent a strong finish to the year. We begin 2009 with a $78 billion dollar backlog, the highest in Northrop Grumman's history, and a tribute to the dedication and talent of our 120,000 employees," said Ronald D. Sugar, Northrop Grumman chairman and chief executive officer. 
"Looking ahead, we continue to position our organization to be more agile and competitive. Our priorities are flawless execution for our customers and superior returns for our shareholders through the generation of outstanding cash flow and solid growth in pension-adjusted earnings," Sugar concluded. 
Fourth quarter 2008 adjusted earnings from continuing operations increased 15 percent to $524 million, or $1.57 per diluted share, from $457 million, or $1.32 per diluted share, in the fourth quarter of 2007. For 2008, earnings from continuing operations before the goodwill impairment charge was comparable to the prior year period at $1.8 billion, or $5.21 per diluted share in 2008, compared with $5.18 per diluted share in 2007. 

Northrop Grumman to Provide Finnish Air Force F-18s with LITENING Advanced Targeting System
ROLLING MEADOWS, Ill., March 7, 2007 (PRIME NEWSWIRE) -- The Finnish Air Force (FiAF) has announced the selection of Northrop Grumman Corporation's (NYSE:NOC) third-generation LITENING Advanced Targeting (AT) system for its FiAF F-18 Mid-life Update 2 program.
Northrop Grumman's LITENING AT system is a self-contained, multi-sensor weapon-aiming system that enables fighter pilots to detect, acquire, auto-track and identify targets for highly accurate delivery of both conventional and precision-guided weapons. LITENING AT features advanced image processing for target identification; coordinate generation for GPS weapons; a 640 x 512 pixel forward-looking infrared sensor for effective day and night operations; a new 1,024 x 1,024 pixel charge-coupled device television sensor; a new dual waveband infrared laser designator and range finder; a laser spot tracker; an infrared laser marker; and an optional air-to-ground data link and digital video recorder.

Northrop Grumman Opens U.K. Advanced Technology Demonstration Centre in Fareham
LONDON, Feb. 12, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) today opened a new U.K. office facility and advanced technology demonstration centre in Fareham, Hampshire. The new facility, formally opened by Jerry Agee, president of Northrop Grumman's Mission Systems sector, will provide improved accommodation for the company's Mission Systems Europe subsidiary and will include a state-of-the-art collaborative demonstration environment for planning, modeling and simulation of its advanced technology systems.
"After four years of successful growth in the U.K., we have taken the next step in our plan for continued expansion and invested in our most prestigious site to date in Europe," said Paul Davison, vice-president and managing director of Northrop Grumman Missions Systems Europe. "This new U.K. facility will enable us to offer a new portfolio of military and civil security products and services, increase our presence across Europe and serve our customers more effectively."
Graham Thornton, vice-president of business development for Northrop Grumman UK added, "This new facility represents an important resource for Northrop Grumman and our customers in the UK. The Defence Industrial Strategy emphasises the need to build UK-based technical capability and opening this facility is further progress towards Northrop Grumman achieving that aim. It will significantly broaden and enhance our ability to support our U.K. customers."
 

 

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