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NOC Northrop Grumman Corp Holding Co

473.75
4.89 (1.04%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Northrop Grumman Corp Holding Co NYSE:NOC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  4.89 1.04% 473.75 474.85 468.96 470.69 734,318 01:00:00

Boeing, Lockheed Protest Bomber Award

06/11/2015 3:00pm

Dow Jones News


Northrop Grumman (NYSE:NOC)
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Boeing Co. Said Friday that it had filed a protest against the Pentagon's award to Northrop Grumman Corp. of twin contracts to develop and build a fleet of new long-range bombers.

The team of Boeing and Lockheed Martin Corp. lost out to Northrop for what is likely to be the largest military contract award for a decade, and opted to challenge the decision after being briefed last week by Pentagon officials.

Boeing said in a brief statement that it had lodged a protest with the Government Accountability Office, which has a maximum of 100 days to review the case, during which time Northrop Grumman will likely have to stop all work on the long-range strike bomber.

Write to Doug Cameron at doug.cameron@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

November 06, 2015 09:45 ET (14:45 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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