Northrop Grumman (NYSE:NOC) has completed the repair of the U.K. E-3D Sentry Airborne Warning System ahead of schedule.

Northrop Grumman Ahead Of Schedule On Repairs

The US based defense contract giant Northrop Grumman (NYSE:NOC) has successfully completed repairs to a wing spar on a U.K. E-3D Sentry Airborne Warning and Control System (UK AWACS) aircraft and delivered it to the Royal Air Force ahead of schedule.

John Parker, director, global logistics and modernization, Northrop Grumman (NYSE:NOC) Technical Services said, “We look at the entire WLSP program not as a customer-contractor relationship but more as a partnership to ensure 24/7 mission availability of Sentry aircraft. The capabilities at the Lake Charles facility and the dedication of the entire workforce enabled the team to complete the repairs ahead of schedule.”

Northrop Grumman (NYSE:NOC) stocks were at 59.86 at the end of the last day’s trading. There’s been a 5.9% movement in the stock price over the past 3 months.

Northrop Grumman (NYSE:NOC) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.79
Zack’s Rank: 3 out of 9 in the industry

Raytheon (NYSE:RTN) has successfully tested a new surveillance and fire-control radar system.

Raytheon Completes Tests On New Systems

The US defense company Raytheon (NYSE:RTN) has successfully completed the test of its surveillance and fire-control radar system in Utah on the Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS).

The radar system met all the requirements of the test including detecting and tracking targets and integrating information with fire control and tactical data link systems.

Raytheon (NYSE:RTN)’s program director for JLENS Mark Rose said, “In addition to detecting and tracking targets, the system demonstrated its ability to communicate targeting data over command and control systems, such as Link-16, and interface with combat identification support systems, such as IFF (Identify Friend or Foe), to discriminate between friendly and hostile aircraft and missiles”.

Raytheon (NYSE:RTN) company shares are currently standing at 49.86.

Price History
Last Price: 49.86
52 Week Low / High: 38.35 / 53.12
50 Day Moving Average: 48.29
6 Month Price Change %: 25.1%
12 Month Price Change %: -3.2%

It has been reported that Northrop Grumman (NYSE:NOC) is shedding more jobs after losing a DoD contract.

Northrop Grumman To Cut More Jobs

According to Maryland’s labor department, the defense contract giant Northrop Grumman (NYSE:NOC) is planning to lay off 224 employees starting in April.

David Apt, a Northrop Grumman (NYSE:NOC) spokesman said, “The cuts are the result of Northrop Grumman losing a Department of Defense contract after the work was put up for bids. Most of the employees are expected to be rehired by the new contract holder.”

Northrop Grumman (NYSE:NOC) stocks were at 60.08 at the end of the last day’s trading. There’s been a 5.9% movement in the stock price over the past 3 months.

Northrop Grumman (NYSE:NOC) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.79
Zack’s Rank: 3 out of 9 in the industry

Lockheed Martin (NYSE:LMT) has unveiled the latest version of the F-16 at the Singapore Airshow.

Lockheed Martin Shows off New F-16

The US defense contractor Lockheed Martin (NYSE:LMT) has showed off its latest version of F-16 Fighting Falcon, F-16V, at the Singapore Air Show.

This 4th generation F-16 features active electronically scanned array (AESA) radar, an upgraded mission computer and architecture and improvements to the cockpit.

Lockheed Martin (NYSE:LMT)’s Aeronautics’ vice president George Standridge said, “We believe this F-16V will satisfy our customers’ emerging requirements and prepare them to better interoperate with the 5th generation fighters, the F-35 and F-22”.

Lockheed Martin (NYSE:LMT) company shares are currently standing at 86.93.

Price History
Last Price: 86.93
52 Week Low / High: 66.36 / 88.55
50 Day Moving Average: 81.35
6 Month Price Change %: 25.1%
12 Month Price Change %: 9.3%

Raytheon (NYSE:RTN) has awarded a contract to Contraves Advanced Devices Sdn. Bhd.

Raytheon Gives Out Missile Contract

Raytheon (NYSE:RTN) Company has awarded an initial contract to Contraves Advanced Devices Sdn. Bhd.Malasia, for the production and supply of components for the Evolved Sea Sparrow Missile (ESSM).

Contraves is the first Malaysian company to join the global team of ESSM suppliers.

Kevin Peppe, vice president of Seapower Capability Systems for Raytheon (NYSE:RTN)’s Integrated Defense Systems business, said that, “Through this partnership with Contraves, Raytheon (NYSE:RTN) is extending our global supply chain network and enhancing our presence and expertise in Malaysia. Raytheon (NYSE:RTN)’s shared commitment to quality and performance will allow us to deliver exceptional capabilities to our customer and industry, now and into the future”.

Raytheon (NYSE:RTN) shares were at 50.36 at the end of the last day’s trading. There’s been a 11.5% change in the stock price over the past 3 months.

Raytheon (NYSE:RTN) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.24
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.17
Zack’s Rank: 1 out of 6 in the industry

General Dynamics (NYSE:GD) has reportedly signed an MOU with Braemar Technical Services to provide its LNG Containment System.

General Dynamics Signs LNG Containment MOU

General Dynamics NASSCO, a subsidiary of West Falls Church based defense conglomerate and fifth largest defense contractor in the world, General Dynamics (NYSE:GD), has reportedly reached an agreement with Braemar Technical Services, and they have reportedly agreed to market General Dynamics (NYSE:GD) NASSCO’s LNG Containment System through their marketing channels.

General Dynamics (NYSE:GD) NASSCO’s Vice President of Programs, Kevin Graney, said, “Our technology is designed to address several operational and shipbuilding constraints of existing LNG tank technologies while further enabling the use of LNG as a clean, sustainable energy source.”

General Dynamics (NYSE:GD) shares were at 70.16 at the end of the last day’s trading. There’s been a 7.4% change in the stock price over the past 3 months.

General Dynamics (NYSE:GD) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.58
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.65
Zack’s Rank: 3 out of 8 in the industry

General Dynamics (NYSE:GD) has won a $3.6 million contract from the Canadian Army.

General Dynamics (NYSE:GD) Wins Canadian Army Contract

West Falls Church based defense conglomerate and fifth largest defense contractor in the world, General Dynamics (NYSE:GD), has reportedly won a $3.6 million contract from the Canadian Army to provide Vehicle Interface Unit Amplifiers for Canadian Forces communications equipment.

The Canadian government has announced that the contract also has provisions for the purchase of additional units for a total value of $7.3 million from General Dynamics (NYSE:GD) over the next two years.

General Dynamics (NYSE:GD) shares are currently standing at 70.12.

Price History
Last Price: 70.12
52 Week Low / High: 53.95 / 78.27
50 Day Moving Average: 68.02
6 Month Price Change %: 14.9%
12 Month Price Change %: -9.0%

Northrop Grumman (NYSE:NOC) has delivered a new navigation system for a Turkish Megayacht.

Northrop Grumman (NYSE:NOC) Shows Off Megayacht Nav System

The US based Northrop Grumman (NYSE:NOC) has delivered a state-of-the-art suite of navigation electronics for a new megayacht being built by Proteksan-Turquoise Yachts in Turkey.

Alan Dix, managing director of Northrop Grumman (NYSE:NOC) Sperry Marine said, “We have enjoyed a strong position in the megayacht marketplace for many years as one of the leading suppliers of gyrocompasses, autopilots and other systems. We are now rapidly capturing an increased market share in complete integrated bridge systems as megayacht builders and designers recognize the superior performance of our VisionMaster FT technology.”

Northrop Grumman (NYSE:NOC) shares are currently standing at 60.30.

Price History
Last Price: 60.30
52 Week Low / High: 49.2 / 70.68
50 Day Moving Average: 58.21
6 Month Price Change %: 15.3%
12 Month Price Change %: -7.4%