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Defense Department not comfortable if major contractors look to merge: official

By Lewis Krauskopf NEW YORK (Reuters) - The Defense Department remains skeptical of mergers involving its major contractors, a Pentagon official said on Wednesday, amid industry expectations that defense deal-making could revive this year. Elana Broitman, whose office at the Defense Department reviews deals that involve national security issues, told an investor conference that "there are far fewer of the large firms, so we're in a more constrained environment.

Lawsuit alleges Northrop defrauded U.S. over anti-missile contract

WASHINGTON (Reuters) - A lawsuit by a former Northrop Grumman employee alleges that the defense contractor defrauded the U.S. government over a contract to provide commercial airliners with a missile defense system. The suit, which was originally filed in 2009 by Leo Danilides, was unsealed in federal district court in Chicago on Thursday. The U.S. Justice Department said in a separate filing it was not joining in the action.

Northrop Grumman aims for bigger role in UAE arms sales

By Andrea Shalal-Esa DUBAI (Reuters) - Northrop Grumman Corp <NOC.N> hopes to expand its ties to the United Arab Emirates in coming years, including the potential sale of its E-2D airborne early warning radar planes, the company's new chief executive for the UAE said on Saturday.

Northrop third-quarter profit rises; sees higher full-year profit

WASHINGTON (Reuters) - Northrop Grumman Corp <NOC.N>, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings despite a slight drop in sales, and raised its forecast for full-year sales. Northrop, which builds a range of electronic equipment for the U.S. military, reported an 18 percent increase in earnings per share to $2.14 for the quarter. The result came in well above the $1.82 that analysts expected, according to a poll by Thomson Reuters I/B/E/S.

Four U.S. companies get funds for more work on unmanned plane

WASHINGTON (Reuters) - Four U.S. weapons makers each received $15 million in funding on Wednesday for continued work on a new unmanned combat plane for use on U.S. Navy aircraft carriers, the Pentagon announced. Lockheed Martin Corp <LMT.N>, Boeing Co <BA.N>, Northrop Grumman Corp <NOC.N> and privately-held General Atomics each received a contract valued at $15 million to fund a preliminary review assessment of their designs for a new type of drone to be used for surveillance and possible strikes.

UPDATE 3-Pentagon buyers authorized to discuss budget cuts with industry

By David Alexander WASHINGTON, Feb 21 (Reuters) - The Pentagon's top weapons buyer on Thursday authorized Defense Department purchasers and program managers to begin talking to industry partners about plans for implementing $46 billion in budget cuts on March 1 and what impact it may have on business.

UPDATE 1-White House, defense firms discuss automatic spending cuts

WASHINGTON, Feb 6 (Reuters) - Senior White House officials met with chief executives from top defense contractors on Wednesday to discuss the impact to their businesses of deep automatic federal spending cuts slated to take effect on March 1, White House spokesman Jay Carney told reporters.
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