Northrop Grumman Faces Ukraine Penalty While Securing Key Japanese Contract

Northrop Grumman Faces Ukraine Penalty While Securing Key Japanese Contract

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s FREE investment ideas. The US Army is seeking penalties from Northrop Grumman (NYSE:NOC) over delays in artillery ammunition deliveries to Ukraine. The delay is related to contracts for critical munitions at a time of increased global defense demand. Separately, Northrop … Read more

Trump targets defense giants’ shareholder payouts as cost overruns mount, sources say

Trump targets defense giants’ shareholder payouts as cost overruns mount, sources say

By Joey Roulette and Mike Stone WASHINGTON, Dec 16 (Reuters) – The Trump administration is planning an executive order that would limit dividends, buybacks and executive pay for defense contractors whose projects are over budget and delayed, according to three sources briefed on the order. President Donald Trump and the Pentagon have long complained about … Read more