| Business Summary | | Northrop
Grumman
Systems
Corporation
is
a
global
aerospace
and
defense
company.
The
Company
provides
technologically
advanced
products,
services
and
solutions
in
defense
and
commercial
electronics,
systems
integration,
information
technology
and
non-nuclear
shipbuilding
and
systems.
Northrop
Grumman
has
operations
in
44
states
and
25
countries,
through
which
it
serves
United
States
and
international
military,
government
and
commercial
customers.
In
May
2001,
the
Company
completed
the
acquisition
of
Litton
Industries,
Inc.,
making
Litton
a
97%-owned
subsidiary
of
Northrop
Grumman.
Litton
designs,
builds
and
overhauls
non-nuclear
surface
ships
and
is
a
provider
of
defense
and
commercial
electronics
technology,
components
and
materials
for
government
and
commercial
customers
world
wide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Northrop
Grumman
provides
technologically
advanced
products,
services
and
solutions
in
defense
and
commercial
electronics,
systems
integration,
information
and
non-nuclear
shipbuilding
and
systems.
For
the
six
months
ended
6/30/01,
net
sales
rose
97%
to
$3.66
billion.
Net
income
from
continuing
operations
fell
35%
to
$114
million.
Results
reflect
increased
contract
acquisitions,
offset
by
negative
product
mix
changes
and
higher
amortization
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,663;
after
tax
earnings
were
114. (Preliminary; reported in millions of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Kent Kresa, 63 Chairman,
Pres, CEO | $4.3M | $3.1M | Richard Waugh, Jr., 57 CFO,
VP | 1.4M | 714K | J. Michael Hateley, 54 VP,
Chief HR Officer and CAO | -- | -- | Albert Myers, 55 VP
and Treasurer | -- | -- | Robert Spiker, 47 VP,
Controller | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|