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☆ The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says
▼ + stars: | 2024-04-23 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

A US defense official downplayed the threat of China's new Xi'an H-20 bomber. AdvertisementChina's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "not really" a concern. A B-2 Spirit takes off for Red Flag-Nellis 24-1 training at Nellis Air Force Base on Jan. 16. A former US Air Force commander said previously that it wasn't "anything to lose a lot of sleep over." The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.

Persons: —, it's, William Lewis, It's, Wang Wei, David Swanson, Northrop Grumman Organizations: Service, Breaking Defense, Flag, Nellis, Nellis Air Force Base, US Air Force, Liberation Army Air Force, Hong, Hong Kong Commercial Daily, China Aviation Industry Corporation, Northrop, Air Force, United States Air, REUTERS, Pentagon Locations: Xi'an, Jan, China, Hong Kong, Palmdale , California, U.S

☆ How the US Army botched a $1 billion upgrade of the Stryker armored vehicle's gun
▼ + stars: | 2024-04-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Fearing that its Stryker armored vehicles were outgunned by Russian and Chinese designs, the US Army had an idea for a quick fix: Develop an unmanned Stryker turret with a 30-mm autocannon. The Army obliged in 2018 with the Infantry Carrier Vehicle-Dragoon, which added a remote-controlled 30-mm gun turret — manufactured by Norwegian firm Kongsberg — to 91 flat-bottom-hull versions of the Strykers. This would be enough to upgrade Strykers in three brigades of 83 vehicles each, plus an additional 20 for testing. Instead of a Kongsberg MCT-30 turret, the vehicles would receive a Samson turret made by Israeli firm Rafael. A big red flag should have been the glitches in the turret software that degraded the 30-mm cannon's accuracy.

Persons: Germany —, Rafael, Stryker, Kevin Payne, Mona Sehgal, Sehgal, Michael Peck Organizations: Service, Stryker, US Army, Business, Army, 2nd Cavalry Regiment, General Dynamics Land Systems, VN, Infantry Carrier Vehicle, Dynamics, The Army, Systems, Oshkosh Systems, Northrop, Hull, GAO, Oshkosh, Department of Defense, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Asia, Germany, Russia, Norwegian, Kongsberg, Oshkosh, Forbes

☆ NASA shuts down $2 billion satellite refueling project after contractor Maxar is criticized for poor performance
▼ + stars: | 2024-03-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

NASA is shutting down a $2 billion project to test satellite refueling in space, it announced Friday, after the agency's auditor criticized the program's lead contractor, Maxar, citing "poor performance." The space agency said in a statement that the OSAM-1 — On-orbit Servicing, Assembly, and Manufacturing 1 — project was being discontinued after nearly a decade of work. NASA did not respond to CNBC's request for comment on how many personnel will be affected as a result of OSAM-1's cancellation. Maxar was taken private by private equity firm Advent International in May 2023 before being split into two businesses: Maxar Intelligence, focused on satellite imagery and analytics, and Maxar Space Systems, focused on spacecraft manufacturing. NASA's Goddard Space Flight Center in Maryland was leading the work on OSAM-1, with Maxar Space Systems as the project's prime contractor under multiple deals.

Persons: Eric Glass, Maxar, NASA's, Goddard, General Organizations: NASA, Space Systems, CNBC, International, Maxar Intelligence, Systems, NASA's Goddard Space Flight, Maxar, U.S, Northrop Locations: Maryland, Goddard

☆ Cramer's Lightning Round: 'We don't want' AMC
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Northrop Grumman's year-to-date stock performance. Stock Chart Icon Stock chart icon John Bean Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon AMC's year-to-date stock performance. Stock Chart Icon Stock chart icon Procore Technologies' year-to-date stock performance. Procore Technologies : "That's a very, very expensive stock...I say ka-ching ka-ching on some of that one."

Persons: Northrop, I'm, John Bean, AMC's Organizations: Northrop Grumman, John Bean Technologies, AMC, Technologies, Procore Technologies

☆ Video appears to capture first flight of the B-21 Raider, the US Air Force's newest stealth bomber
▼ + stars: | 2023-11-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A new video shows the first flight of the US Air Force's newest stealth bomber, the B-21 Raider. AdvertisementAdvertisementA new video appears to show the long-awaited first flight of the US Air Force's newest strategic bomber and the first new stealth bomber developed in decades, the B-21 Raider. She explained that this stage "is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wing's B-21 Combined Test Force." Pentagon leadership has said that the penetrating strike stealth bomber "will serve as the backbone of America's bomber force." AdvertisementAdvertisementThe "flying wing" B-21 Raider is the successor to the B-2 Spirit and is able to carry both conventional and nuclear payloads.

Persons: —, Matt Hartman, David Swanson, Ann Stefanek, Northrop Grumman, Doug Young Organizations: US Air Force's, US Air Force, Service, US Air, Raider, Northrop Grumman Corp, Air Force's, Reuters, Northrop, Air Force, United States Air, REUTERS, Air Force Test Center, Force, Northrop Grumman Aeronautics Systems, Pentagon Locations: US, Palmdale , California, U.S

☆ US Air Force's new B-21 Raider "flying wing" bomber takes first flight - Reuters witness
▼ + stars: | 2023-11-10 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

However, the Air Force has kept other price information classified, "which makes validating the proposed cost difficult," the Congressional Research Service said in a 2021 report. The Air Force plans to buy at least 100 of the planes and begin to replace B-1 and B-2 bombers. Ann Stefanek, an Air Force spokesperson said, "The B-21 Raider is in flight testing. Flight testing is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wings B-21 Combined Test Force." In early 2022, the Air Force further delayed it until 2023.

Persons: David Swanson, Ann Stefanek, Lockheed Martin, Northrop, Mike Stone, Valerie Insinna, Franklin Paul Organizations: United States Air, Northrop, Air Force, REUTERS, U.S, Air Force's, Northrop Grumman, Congressional Research Service, Pentagon, Air Force Test Center, Force, Boeing, Lockheed, Pratt, Whitney, Collins Aerospace, GKN Aerospace, BAE Systems, Franklin Paul Our, Thomson Locations: Palmdale , California, U.S, Washington

☆ Cramer's Lightning Round: 'I don't like AT&T'
▼ + stars: | 2023-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Lucid's year-to-date stock performance. Stock Chart Icon Stock chart icon Occidental Petroleum's year-to-date stock performance. Stock Chart Icon Stock chart icon Adient's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Edwards Lifesciences' year-to-date stock performance.

Persons: Northrop, you've, I'm, hasn't, Warren Buffett, Matt Murphy, Matt, Emerson, Edwards Lifesciences, Edwards Organizations: Northrop Grumman, Occidental, Occidental Petroleum, Marvell, Broadcom

☆ Ukraine war orders starting to boost revenues for big US defense contractors
▼ + stars: | 2023-10-27 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 27 (Reuters) - The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow's aggressions. New contracts to supply Ukraine directly - or backfill U.S. weapons sent to Ukraine - were signed late last year, and now revenue is flowing to the big defense contractors. "We've gone from 14,000 (artillery) rounds per month to 20,000 very quickly. The General Dynamics' Combat Systems unit, which makes armored vehicles, tanks and the artillery Ukraine uses, saw its revenue rise almost 25% versus the same period a year ago. Third-quarter sales for Northrop Grumman's (NOC.N) Defense Systems segment rose 6% on high demand for ammunition and rocket motors used in guided multiple-launch rocket systems (GMLRS), which play a crucial role in supporting Ukraine's defense efforts against Russian forces.

Persons: Lockheed Martin, We've, Jason Aiken, Northrop Grumman's, Sweden's, Joe Biden, Biden, Dynamics's Aiken, Mike Stone, Rod Nickel Organizations: Lockheed, General Dynamics, Patriot, Palestinian, Hamas, Wall, Dynamics ', Systems, Wall Street, Russian, Sweden's Saab, Rheinmetall, Thomson Locations: Ukraine, Europe, aggressions ., U.S, Israel, Arizona, Pennsylvania, Ohio, Texas, Washington

☆ The US Air Force is buying a new missile as it makes plans to blast through enemy air defenses
▼ + stars: | 2023-10-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Russia and Ukraine are using their air defenses to deny each other control of the air. The US wants to avoid that, and it's working on a new missile to take down enemy air defenses. AdvertisementAdvertisementThe Russian and Ukrainian air forces have played a relatively minor role in the war in Ukraine. Both sides have tended to keep their aircraft over friendly territory rather than risk tangling with sophisticated enemy air defenses, such as Ukraine's US-made Patriot and Russia's S-400. Ukrainian air forceThe US military currently uses the AGM-88E Advanced Anti-radiation Guided Missile, or AARGM, which is an upgraded HARM.

Persons: —, it's, James Hecker, Hecker, Northrop Grumman, Northrop, Northrop Grumman What's, they've, " Hecker, Michael Peck Organizations: Service, US Air Forces, Air and Space Forces Association, Ukrainian, Press, Ukrainian Armed Forces General Staff, Handout, REUTERS, US Air Force, Radiation, Storm, US, Air and Space Forces Magazine, Joint, Air Force, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Ukraine, Ukrainian, Europe, Kharkiv, Vietnam, Iran, North Korea, Forbes

“Russia’s thinly veiled threats to use nuclear weapons remind the world that escalation of the conflict – by accident, intention, or miscalculation – is a terrible risk. New Construction at Russia's Novaya Zemlya nuclear test site, June 22, 2023. Lop Nur nuclear test site. “The Chinese test site is different than the Russian test site,” Lewis said. Both countries keep their strategic nuclear arsenals on “hair-trigger” alert, meaning that nuclear weapons can be launched on short notice.

Persons: Jeffrey Lewis, James Martin, ”, Cedric Leighton, “, Vladimir Putin, ” Lewis, Lewis ’, António Guterres, ” Guterres, Dmitry Medvedev, Putin, Alexander Lukashenko, Sergei Shoigu, Lewis, we’ve, Leighton, they’d, ” Leighton, Nur, Hans Kristensen, Kristensen, Israel –, Dyess, Frederic J . Brown, Fiona Cunningham, Yang Kun, ” Daryl Kimball, Kimball, Michael Frankel, James Scouras, George Ullrich, Soviet Union –, Russia –, We’re Organizations: CNN, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, US, US Air Force, Atomic Scientists, Soviet Union, United Nations, Russia’s Security, Russian Defense Ministry, Planet Labs PBC, Middlebury, Science and Global Security, Novaya, Middlebury Institute, China Observer, China’s Foreign Ministry, Planet Labs, Nevada National Security, National Security Administration, US Department of Energy, Office, National Security Council, International Monitoring, Federation of American Scientists, Stockholm International Peace Research Institute, Missile Defense, Center for Strategic, International Studies, Columbia, Northrop Grumman's Air Force, Getty, Control Association, ACA, NGO, PLA, Nuclear, Carnegie Endowment, International, Arms Control Association, Johns Hopkins Applied Physics Laboratory, Soviet Locations: Russia, United States, China, Xinjiang, Nevada, . China, Moscow, Washington, Ukraine, Soviet, Belarus, Minsk, Novaya Zemlya, Zemlya, Soviet Union, Lop Nur, Japan, Lop, Beijing, Stockholm, United Kingdom, France, India, Pakistan, North Korea, Israel, Ellsworth, Palmdale , California, AFP, Yuli County, Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region, Baltimore, Russian, Hiroshima

☆ Northrop Grumman's portfolio is growing 'very rapidly', says CEO Kathy Warden
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorthrop Grumman's portfolio is growing 'very rapidly', says CEO Kathy WardenNorthrop Grumman CEO Kathy Warden joins 'Closing Bell Overtime' to talk global security, growth in space tech, the nuclear triad and much more.

Persons: Kathy Warden Northrop, Kathy Warden Organizations: Northrop

☆ Stocks making the biggest moves midday: Meta Platforms, Chipotle, Royal Caribbean and more
▼ + stars: | 2023-07-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

Meta Platforms reported earnings of $2.98 per share on $32 billion in revenue. Royal Caribbean , Norwegian Cruise Line — Shares of Royal Caribbean surged 8.7% after the cruise company beat expectations for the second quarter. Royal Caribbean reported $1.82 in adjusted earnings per share on $3.52 billion of revenue. The company reported $5.98 in adjusted earnings per share on $3.21 billion in revenue. The company reported $2.05 in adjusted earnings per share, below the StreetAccount consensus of $2.33 per share.

Persons: Chipotle, Refinitiv, Lam, L3Harris, Willis Towers Watson, Northrop Grumman, Northrop, Sunnova, Edwards, StreetAccount, —, Alex Harring, Hakyung Kim, Samantha Subin, Yun Li Organizations: Refinitiv, Cruise, Royal Caribbean, Lam Research, KLA Corp, —, L3Harris, Northrop Grumman, Northrop, Management, Energy, Honeywell, Honeywell International, Comcast —, Comcast, Southwest Airlines, eBay, Wall Street, CNBC Locations: Royal Caribbean, Refinitiv

☆ Investing in Space: Intelsat signs up for Northrop Grumman satellite servicing
▼ + stars: | 2023-04-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A division within Northrop Grumman has in recent years become the world leader in extending the life of valuable satellites that are already in orbit. I chatted this week with Jean-Luc Froeliger, senior vice president of space systems at Intelsat, whose company announced an order from Northrop Grumman's Space Logistics unit for its latest service technology iteration. A quick step back: In 2020, Northrop Grumman's robotic spacecraft MEV-1 successfully docked with an old Intelsat satellite and extended its life by five years, marking an industry first. A year later, the companies took that feat a step further, docking MEV-2 with an active Intelsat satellite.

☆ The F-14 Tomcat first flew 52 years ago. Here's why the US destroyed them rather than let anyone else buy them.
▼ + stars: | 2022-12-26 | by ( Blake Stilwell | We Are The Mighty | ) www.businessinsider.com time to read: +4 min

The US Navy's famed F-14 Tomcat fighter jet first flew on December 21, 1970. There was only one foreign customer for the advanced F-14 Tomcat fighter during its heyday: Iran. Rob Tabor/USAFThe Iranian air force was so skilled in the Iran-Iraq War that a lone Tomcat could clear the skies of enemy aircraft without firing a shot. The idea of selling Iran rare F-14 parts so it didn't have to cannibalize its own F-14 inventory was preposterous. It was this concern that led the Pentagon to shred every leftover F-14 Tomcat.

☆ A sneaky photo taken the last time a stealth bomber was unveiled shows why some parts of the new B-21 are still under wraps
▼ + stars: | 2022-12-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

On December 2, the US Air Force revealed its new stealth bomber, the B-21 Raider. That may have been an effort to avoid what happened the last time a stealth bomber was unveiled. One reason for that may be what happened the last time the Air Force unveiled a stealth bomber. Scott told Aviation Week in an article about the photo scoop published on the same day as the B-21's rollout. A US Air Force B-2 stealth bomber.

☆ Northrop Grumman announces new long-range strike aircraft, the B-21 Raider
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorthrop Grumman announces new long-range strike aircraft, the B-21 RaiderKathy Warden, Northrop Grumman chair and CEO, joins 'Squawk on the Street' to discuss what Warden can share about Northrop Grumman's new B-21 bomber, how the company's kept on schedule and how much money Northrop Grumman looks to make from the new aircraft.

The Orion spacecraft shared its first view of Earth more than nine hours after launch Wednesday morning. NASAThe towering, 322-foot-tall (98-meter-tall) Space Launch System, or SLS, rocket lit its engines at 1:47 a.m. Jim Watson/AFP/Getty Images Before the launch was scrubbed on September 3, spectators wait for the NASA Artemis I rocket to launch at the Kennedy Space Center. Brynn Anderson/AP The NASA launch countdown clock was stopped after the launch was delayed on August 29. Throughout the mission, NASA engineers will be keeping a close eye on the spacecraft’s performance.

☆ Bank of America names 2 space stocks to buy on the dip — sees one tripling in value
▼ + stars: | 2022-11-07 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

Bank of America named two space pure-plays as top picks in the evolving sector, seeing opportunities for investors in Rocket Lab and Terran Orbital . The firm sees Rocket Lab as having the "best overall portfolio" among space pure-plays, having executed successfully on its expansion-by-acquisition strategy. Bank of America has a $12 price target on Rocket Lab's stock, which is 132% above the current share price. Rocket Lab stock is down 58% so far this year. Bank of America has a $700 price target on Northrop Grumman's stock, or 34% above the current share price.

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