Ninety Maryland employees of Northrop Grumman Corp.’s Electronic Systems sector will be laid off, the company announced Tuesday. The cuts are part of a 400 person company-wide reduction. In October, the Fall Church, Va.-based defense contractor announced plans to cut ...

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Defense contractors Lockheed Martin and Northrup Grumman reported surprisingly strong third-quarter earnings Wednesday. But executives at those companies used the same discouraging word to describe what the future will look like: Flat. The companies warned that government spending cuts in ...

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BETHESDA — Defense contractor Lockheed Martin said Thursday it will pay a fourth-quarter dividend of $1 per share and repurchase up to $2.5 billion in common stock. The company said the dividend increase of 25 cents represents a 33 percent ...

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Defense contractor Lockheed Martin Corp. plans to cut 1,500 jobs in its airplane-making business, saying it needs to cut costs due to the prospect of limited defense spending. The announcement Thursday comes two weeks after the company announced 1,200 job ...

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Defense contractor Northrop Grumman says it plans to lay off about 200 employees, mostly in the Baltimore region. Company spokesman Jack Martin Jr. said Friday that most layoffs will be at four Baltimore-area locations: the Electronic Systems division’s Linthicum headquarters ...

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DAYTON, Ohio — Lockheed Martin Corp. plans to give $10 million over the next decade for a new building to hold aircraft at the National Museum of the United States Air Force in Ohio. The Dayton Daily News reports one ...

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Defense contractor Lockheed Martin Corp. smelled something rotten when a Montana gun maker filed an application to trademark its name, Underground Skunkworks. One of Bethesda-based Lockheed’s most storied divisions is its Advanced Development Programs, more popularly known by its trademarked ...

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WASHINGTON — Federal regulators have charged a U.S. defense contractor and three of its former board members with accounting fraud, saying the company overstated earnings to investors. The Securities and Exchange Commission says DHB Industries Inc. settled the civil charges ...

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NEW YORK — Defense contractor Northrop Grumman says its fourth-quarter profit fell 9 percent because of one-time costs and lower revenue at three of its biggest segments. The Los Angeles company earned $376 million, or $1.27 per share, compared with ...

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Defense contractor Lockheed Martin Corp. said Thursday it will end manufacturing operations at its Middle River site by the end of next year, laying off 60. The company said the site, which specializes in producing a missile launch system used ...

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