Northrop Grumman Corporation
) has entered into a 2-year agreement with Juno Technologies. As
per the deal, the former will act as a mentor to the latter's
business development and industry conference participation, foreign
military sales and International Traffic in Arms Regulations and
Juno Technologies is a small business that focuses on the
application and adaptation of commercial off-the-shelf products to
meet the requirements of Department of Defense information
technology. Juno is also a partner to Northrop's Consolidated
Afloat Networks and Enterprise Services (CANES) program.
CANES program is designed to streamline and update shipboard
networks to improve interoperability across the fleet. The main
goal of CANES is to build a secure shipboard network required for
naval and joint operations and is committed to boost dynamic and
creative small businesses.
Falls Church, Virginia-based Northrop Grumman Corporation supplies
a broad array of products and services to the U.S. Department of
Defense including electronic systems, information technology,
aircraft, space technology, and systems integration services.
Northrop has been mentoring small business from long time.
Currently, it is under 15 mentor-protege agreements. Our bullish
outlook for the company is supported by favorable projected revenue
and diversified revenue and earnings streams.
Going forward, Northrop Grumman offers a strong program portfolio
positioned to take advantage of focus areas in the defense space,
an improving balance sheet and an ongoing share repurchase program.
In July 2012, Northrop reported second-quarter 2012 results.
Adjusted earnings per share of $1.79 easily surpassed the Zacks
Consensus Estimate of $1.61 and the year-ago figure of $1.59. Sales
for the reported quarter decreased 4.4% to $6.27 billion from $6.56
billion in the year-ago quarter. However, revenues beat the Zacks
Consensus Estimate by $89 million.
The company presently retains a short-term Zacks #2 Rank (Buy).
We have a long-term Outperform recommendation on the stock. Some of
its main competitors are
General Dynamics Corporation
Lockheed Martin Corporation
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