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Northrop Grumman posts higher quarterly profit as geopolitical uncertainty fuels demand
Northrop Grumman posted higher Q4 profit and revenue on strong aeronautics sales but issued a 2026 outlook below estimates.
LMI names new leaders following CEO change
LMI promoted three executives after Josh Wilson became CEO, naming new leaders for revenue, growth and the health and civilian market.
Defense Stocks Jump After Trump Calls for $1.5T Budget
Global defense stocks rallied after President Trump called for a $1.5 trillion U.S. military budget despite buyback concerns.
Northrop Grumman taps new CFO
Northrop Grumman has elected former Discover Financial executive John Greene to be its chief financial officer.
Virginia CEO compensation continues climbing
Virginia CEOs earned an average $10.17M in 2024, with Capital One’s Richard Fairbank leading the list at nearly $30M.
Cygnus supply ship reaches ISS after engine shutdown delay
Northrop Grumman’s Cygnus capsule docks at the ISS after a one-day delay caused by a premature engine shutdown traced to software settings.
Cygnus capsule stalls en route to space station
CAPE CANAVERAL, Fla. (AP) — A newly launched supply ship has run into engine trouble that is preventing it from reaching the International Space Station. Northrop Grumman‘s capsule rocketed into orbit Sunday from Florida aboard SpaceX. But less than two days later, the capsule’s main engine shut down prematurely while trying to boost its orbit. The Cygnus capsule was supposed [&[...]
7 Virginia businesses land on Fortune Global 500
Virginia has seven businesses named to the Fortune Global 500 for 2025.
Serco completes $327M acquisition of NG division
Herndon tech and management contractor Serco announced Tuesday that it has completed its $327 million acquisition of Northrop Grumman’s mission training and satellite ground network communications software business, also known as MT&S.
Three CEOs from Virginia return to Fortune’s most powerful women list
Three Virginia defense contractors' CEOs returned to Fortune's 100 Most Powerful Women in business list for 2025. They lead General Dynamics, Northrop Grumman and SAIC.
Boeing doesn’t expect its recovery to be impacted by trade war with China
Boeing CEO Kelly Ortberg said Wednesday that he doesn't expect the U.S. trade war with China to forestall the Arlington County-based company's financial recovery. Meanwhile, RTX and General Dynamics surpass Wall St. expectations and Northrop Grumman is below forecast.
Smooth sailing for Virginia’s publicly traded companies, except Boeing
Overall, Virginia’s largest publicly traded companies saw 2024 as a successful year, reflecting the nation’s economic upswing of about 3% each quarter. Except for Boeing and “its ghastly record,” as George Mason University’s Terry Clower memorably said late last year about the Arlington-based Fortune Global 500 aerospace and defense giant. In January 2024, a Boeing […]
