NORTHROP GRUMMAN CORPORATION

(NOC)
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Delayed Nyse  -  05/26 04:00:01 pm EDT
467.43 USD   -0.04%
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Northrop Grumman : Australia Supports Growth of Australian Defence Industry for the Joint Force

01/17/2022 | 03:05pm EDT

CANBERRA, Australia - Jan. 18, 2022 - Northrop Grumman Australia (NYSE: NOC) will host a virtual technology and innovation event on Feb. 7 recognising emerging Australian defence technology companies. The showcase, presented in collaboration with Bondi Partners, is an opportunity to discover and support small and medium-sized Australian companies who are pushing the boundaries in advanced autonomous technology, payload development and digital enterprise solutions connecting the future joint force.

"The inaugural Australian Tech and Innovation Showcase presented by Northrop Grumman underpins our investment in developing a sovereign, Australian defence capability by giving Australian small-to-medium enterprises a platform to showcase their technologies and celebrate their pioneering ideas," said Christine Zeitz, general manager, Northrop Grumman Asia Pacific. "Partnerships are born from innovation and together, we have the opportunity to support up and coming Australian defence innovators to become a part of the Northrop Grumman global supply chain and jointly develop technologies that will further future autonomous aircraft and advanced networking capabilities for the joint force."

Eleven defence technology companies from across Australia will demonstrate their complex capabilities to a panel of judges during the showcase event. The finalists include Athena Artificial Intelligence, Dingo Defence Pty Ltd, Euclideon Holographics, Fortifyedge, GEV Systems, Guardware Australia Pty Ltd, Nominal Systems, Pivot Maritime International, Skyborne Technologies, UXMachines Pty Ltd, and Vai Photonics Pty Ltd.

These companies offer a unique set of skills that have the potential to help address threats while delivering future agile capability to the Australian Defence Force. By leveraging multi-domain concepts, advanced technologies and integrated designs, these Australian innovators can help pave the way with future unmanned intelligence, surveillance, reconnaissance and targeting (ISR&T) capabilities to enhance Australia's sovereign national security capabilities.

Northrop Grumman Australia and Bondi Partners will support the most outstanding companies with business optimisation through a year-long mentorship program by leveraging Northrop Grumman Australia's Parallax Labs, a collaborative environment to test technology and solution approaches to develop next generation systems in support of the future joint Australian Defence Force.

Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers' toughest problems, our 90,000 employees define possible every day.

Disclaimer

Northrop Grumman Corporation published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 20:04:03 UTC.


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Financials (USD)
Sales 2022 36 538 M - -
Net income 2022 3 847 M - -
Net Debt 2022 9 494 M - -
P/E ratio 2022 18,9x
Yield 2022 1,42%
Capitalization 72 659 M 72 659 M -
EV / Sales 2022 2,25x
EV / Sales 2023 2,16x
Nbr of Employees 88 000
Free-Float 99,8%
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Kathy J. Warden Chairman, President & Chief Executive Officer
David F. Keffer Chief Financial Officer & Vice President
Richard Scott Stapp Chief Technology Officer
Matthew F. Bromberg Vice President-Global Operations
Carl Hahn Chief Compliance Officer & Vice President
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