Sign In
Search
Business/Financial

Northrop Grumman Announces Offsetting Settlements With DoJ

DDN
SHARE:

Northrop Grumman [NOC] on Thursday evening announced two legal settlements with the Department of Justice (DoJ), one that requires the company to make a $325 million payment and the other to receive $325 million, resulting in a wash. However, the company expects to record a net gain in the second quarter related to the settlement requiring it to pay $325 million related to DoJ claims that the former TRW, Inc., which was later acquired by Northrop Grumman, sold a government…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: B-21 Crew, T-7 Delay, IBCS Test, Counter-Drone Guide, UGV Raise

Defense Watch

Defense Watch: B-21 Crew, T-7 Delay, IBCS Test, Counter-Drone Guide, UGV Raise

Defense Watch

Defense Watch: E-7 Challenges, T-AGS(X) RFI, Ukraine Biz News, Saronic Testing,

Business/Financial

Pentagon’s Strategic Capital Office To Support Credit Funds Investing In Critical Minerals Companies

Trending

At Least 15 F-35s “DD-250’ed” Since May 2025
Singularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round
L3Harris And Sierra Space Receive $1.75 Billion For SDA Tranche 3, Tracking Layer
Defense Watch: B-21 Crew, T-7 Delay, IBCS Test, Counter-Drone Guide, UGV Raise
SOCOM to Buy Leidos AGM-190A for Small Cruise Missile Program

Congress Updates

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume