San Diego Business Journal

Protest Over Northrop’s Navy Project Is Dropped by Rival

DEFENSE: Contractor Preparing Local Facility And Hiring to Meet Order By Brad Graves Monday, May 14, 2012
   

NORTHROP GRUMMAN

CEO: Wes Bush.

Revenue: $26.4 billion in 2011; $28.1 billion in 2010.

Net income: $2.12 billion in 2011; $2.05 billion in 2010.

No. of local employees: 4,000.

Headquarters: Falls Church, Va.

Year founded: 1939, as Northrop Aircraft Co.

Stock symbol and exchange: NOC on the New York Stock Exchange.

Company description: Diversified defense contractor.

Key factors for success: Subject matter expertise, continued federal funding.

A defense contractor has quietly dropped its protest regarding rival Northrop Grumman’s win of a major U...

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