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MarketScreener Homepage  >  Equities  >  Nyse  >  Northrop Grumman Corporation    NOC

NORTHROP GRUMMAN CORPORATION

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Northrop Grumman : Celebrates Successful Pilot of Australian CyberTaipan Competition; First year of Australia's youth cyber education program has culminated in National Finals event in Canberra

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03/20/2019 | 10:40am EDT

CANBERRA, Australia - Northrop Grumman Corporation (NYSE: NOC) has concluded the first year of CyberTaipan with the 2018-19 National Finals held in Canberra on March 16. Launched in June 2018, the competition is a fun way to spark youth interest in pursuing further education and careers in cybersecurity and other science, technology, mathematics and engineering (STEM) subjects.

'STEM education is vital to the future of Australia and its national security. Programs such as CyberTaipan play an important role in teaching not only technical skills, but also professional skills such as leadership, communications, collaboration and teamwork,' said Mike Gallagher, strategy director, Northrop Grumman Australia.

CyberTaipan is presented by Northrop Grumman Australia in partnership with AustCyber, the Australian Cyber Security Growth Network. The pilot season was sponsored by BlackBerry, PwC Australia and Woodside Energy. 'We are thrilled with the interest this competition has received, as it shows a real appetite for this kind of challenge. Engaging youth and ensuring Australia is a leader in cyber education is what drives our work at AustCyber,' said Michelle Price, CEO, AustCyber.

The competition aims to attract youth from a variety of backgrounds and experiences, as diversity is critical for creating the best solutions to complex cyber challenges. The CyberTaipan pilot included more than 130 high school and community group students from Queensland, New South Wales, Victoria and the Australian Capital Territory. After working hard throughout 2018 to qualify, ten teams made it to the National Finals. Team TSS from The Southport School in Queensland won first place at an awards ceremony held March 16 at Parliament House.

CyberTaipan is modelled on the U.S. Air Force Association's CyberPatriot program, which has seen more than 130,000 youth participate during the past 11 years. In addition to Australia, Northrop Grumman has expanded the program to the U.K. and Saudi Arabia.

'I am delighted with the success of CyberTaipan to date, and I hope it inspires participants to pursue further study and careers in cybersecurity,' said Diane Miller, director, global cyber education and workforce initiatives, Northrop Grumman. 'The enthusiasm I've witnessed among the Australian students and educators is inspirational, and I have no doubt the program will continue to grow in future years to help address the shortage of cyber professionals.'

To get involved with CyberTaipan, please contact challenges@austcyber.com.

AustCyber is part of the Australian Government's Industry Growth Centres Initiative, which aims to tap new sources of economic growth by maximising Australia's competitive advantage in six knowledge-driven, high-value sectors.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 33 962 M
EBIT 2019 3 708 M
Net income 2019 3 255 M
Debt 2019 10 976 M
Yield 2019 1,61%
P/E ratio 2019 16,8x
P/E ratio 2020 14,5x
EV / Sales2019 1,94x
EV / Sales2020 1,80x
Capitalization 54 879 M
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Number of Analysts 19
Average target price 335,79  $
Last Close Price 323,20  $
Spread / Highest target 14,5%
Spread / Average Target 3,90%
Spread / Lowest Target -10,3%
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Kathy J. Warden President, CEO, COO & Director
Wesley G. Bush Chairman
Kenneth L. Bedingfield Chief Financial Officer & Corporate Vice President
Patrick M. Antkowiak Chief Technology Officer & Vice President
Donald E. Felsinger Lead Independent Director
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