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Big Hit On LHD-8 Programs Raises Execution, Management Questions

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By Calvin Biesecker and Geoff Fein Northrop Grumman's [NOC] early morning surprise yesterday that it would take $320 million to $360 million charge on the LHD-8 amphibious assault ship it is building for the Navy left some analysts discouraged about the company's ability to overcome a series of execution issues on several large programs. "Program performance has been an issue for Northrop Grumman, particularly in Shipbuilding, and we believe this news indicates the company still has problems to iron out…

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