Northrop Grumman
| Northrop Grumman Corporation
|
|
|---|---|
 |
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| legal form | Corporation |
| ISIN | US6668071029 |
| founding | 1939 / 1994 |
| Seat |
West Falls Church , United States
|
| management | Kathy J. Warden ( CEO ) |
| Number of employees | 64,300 (2014) |
| sales | $ 23.98 billion (2014) |
| Branch | Defense industry , need for postal services |
| Website | www.northropgrumman.com |
| Status: 2019 | |
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The Northrop Grumman Corporation is an American manufacturer of primarily defense technology for the shipbuilding, aerospace and information technology with headquarters in West Falls Church . Another area is the development of sorting technology for letters. Here the company is one of the main suppliers to the US postal service . Over 80% of the US $ 24 billion in revenue in 2014 came from US government purchases.
history
The company, which emerged in 1994 from a takeover of Grumman Aerospace Corporation by Northrop Corporation , had sales of 33.8 billion US dollars in fiscal year 2009 with 120,700 employees . The main customer is the United States Armed Forces .
In 2009, Ronald D. Sugar retired from senior management after 29 years. Wesley Bush has been the company's CEO and President since January 1, 2010 . The following year, the company's headquarters were moved from Hawthorne, California to West Falls Church near Washington, DC . Wesley Bush said the reason for this was that the company wanted to be closer to the lawmakers and government agencies for whom the company produced.
The company's best-known armaments products include the B-2 Spirit heavy strategic stealth bomber , the F-14 fighter aircraft and the RQ-4A Global Hawk unmanned reconnaissance drone .
In autumn 2015, the US Air Force decided to have the successor to the B-2 Spirit also built by Northrop Grumman. For the contract to build 100 aircraft, 80 billion dollars were budgeted. Unit price should not exceed $ 511 million (2010 dollar value) per aircraft.
Corporate structure
The group consists of several companies, some of which have been acquired. The company-internal allocation takes place in the following business areas:
- Aerospace Systems
- Electronic Systems
- Information Systems
- Technical Systems
Acquisitions
Northrop's main acquisitions are:
- 1952: Radioplane Company - unmanned aerial vehicles
- 1994: Grumman Corporation - warplanes, integration, information sector
- 1996: Westinghouse Defense Electronics - electronics sector
- 1997: Logicon Corporation - Information Sector
- 1999: Teledyne Ryan Aeronautical - Integration
- 2001: Litton Industries - Ships, Electronics and Information Sectors
- 2002: TRW Inc. - Information, Mission and Space Sectors
- 2018: Orbital ATK rockets
In September 2017, Northrop Grumman announced that it would take over the space and defense company Orbital ATK for 9.2 billion dollars. The transaction, which will serve to build a new business area, is expected to be completed by mid-2018. On 6 June 2018, the company was taken over and Northrop Grumman Innovation Systems, Inc. renamed. As a result, the new fourth division “ Innovation Systems ” was founded.
Web links
- Official Homepage (English)
Individual evidence
- ↑ Kathy J Warden Chairman / Pres / CEO, Northrop Grumman Corp. In: www.bloomberg.com. Retrieved on August 29, 2019 .
- ↑ a b Northrop Grumman, 2014 Form 10-K report
- ↑ Christoph G. Schmutz: Barack Obama as the only customer. In: NZZ International Edition, March 18, 2015, p. 13
- ↑ Northrop Grumman: Annual Report 2009 , March 26, 2010 (English)
- ↑ Northrop Grumman wins $ 80bn US stealth bomber contract , Financial Times, 27 October 2015
- ^ Northop Grumman company history
- ↑ Northrop Grumman Acquires Orbital Missile Company , Spiegel Online, September 18, 2017.
- ↑ Northrop Grumann: Annual Report 2018