BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | November 16, 1999
Raytheon Co. beat the local unit of Northrop Grumman Corp. last night in a contest to create new radars for the Navy's F/A-18 E/F Super Hornet fighter plane.The contract could be worth about $1 billion, sources said."Both companies submitted extremely strong proposals," said Jerry Daniels, a vice president of Boeing Co., which builds the Super Hornet and made the selection. "In the final analysis, the decision was one of best overall value to the F/A-18 program."Raytheon makes a conventional radar for the older Hornet fighter and the new Super Hornet.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | November 11, 1999
When the Navy decided to put a snazzier radar on its new F/A-18 E/F fighter plane, the Linthicum unit of Northrop Grumman Corp. made a push to win the job. There was only one obstacle: Raytheon Co. already builds radars for the plane.Northrop Grumman's predatory move to unseat a fellow contractor has turned heads in the defense industry."This is more aggressive than is normal," said Paul Nisbet, a financial analyst with JSA Research Inc. "But as these companies become bigger because of consolidation, they become more aggressive, and it just gets to be a meaner world."
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | October 21, 1999
Slow international sales at the Electronic Sensors & Systems Sector in Linthicum dampened Northrop Grumman Corp.'s overall performance during the third quarter, but the corporation still posted a 10 percent earnings increase.The California-based aerospace company reported net income of $128 million, or $1.83 per share, for the three months ending Sept. 30.That compared with $116 million, or $1.67 per share, for last year's third quarter.Pension fund investment income and strong performance by the company's information technology sector accounted for the increase.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | August 25, 1999
Northrop Grumman Corp.'s Electronic Sensors & Systems Sector in Linthicum is racking up a healthy piece of business in the nation's controversial effort to create a space-based shield against ballistic missile attacks.The former Westinghouse plant near Baltimore-Washington International Airport has won a $134 million share of a contract to plan a network of missile-tracking satellites.Combined with work the company is already doing on another, related satellite system, ESSS is in position to dominate a key portion of national missile defense: building the infrared "eyes" that detect incoming attacks.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | March 12, 1999
Northrop Grumman Corp. said yesterday that it will pay up to $98 million to acquire the defense businesses of California Microwave Inc., including its Maryland offices.The units will report to Northrop's Electronic Sensors & Systems Sector in Linthicum, and will retain the California Microwave name.Of the 480 employees involved in the transaction, the bulk -- 312 -- are spread among offices in Belcamp, Hagerstown and Baltimore. Another 26 are in Annapolis Junction and 142 are in Woodland Hills, Calif.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | August 25, 1998
Northrop Grumman Corp. restructured itself yesterday, elevating the status of its business in Linthicum and announcing far-ranging job cuts aimed at reducing costs.The former division in Linthicum will take responsibility for other electronics-related businesses around the country as one of two corporate sectors. The other sector will consolidate Northrop Grumman's military and commercial aircraft work.Northrop Grumman's Logicon Inc. subsidiary will handle information technology businesses.