Northrop Grumman

The Northrop Grumman Corporation {{nyse|NOC}} is an aerospace and defense conglomerate that is the result of a 1994 merger between Northrop and Grumman. Major components added later with the acquisition of Westinghouse Electronic Systems Group, Logicon, Teledyne Ryan, Litton (Ingalls, Avondale), Newport News, and TRW (sans LucasVarity.) Ronald Sugar is the CEO.

Related Topics:
Aerospace - Defense - Conglomerate - 1994 - Northrop - Grumman - Teledyne Ryan - Litton - Ingalls - Avondale - Newport News - TRW - LucasVarity - Ronald Sugar - CEO

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The best known products of Northrop Grumman are the RQ-4 Global Hawk unmanned aerial vehicle, the F-14 Tomcat carrier-based strike fighter, and the B-2 Spirit strategic bomber.

Related Topics:
RQ-4 Global Hawk - F-14 Tomcat - B-2 Spirit

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

As of 2004, it had 125,000+ employees working at hundreds of sites in the U.S. and abroad, and an annual revenue of US$29.9 billion. Northrop Grumman ranks #58 on the 2004 Fortune 500 list of U.S. industrial companies. The company is also the third largest military contractor in the world http://www.defensenews.com/content/features/2005chart1.html.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Born of the shrinking need for defense spending in the wake of the Cold War, Northrop Grumman continues to be focused primarily on serving military and governmental customers. Their business strategy has begun to pay dividends as the company's financial performance has improved considerably, and they have been proposing products with components sourced from the various divisions.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~