Northrop Grumman is rumored to have plans to spin-off Aerospace division. Spin-off will be either Aero or Space, but based on the number of backlog contracts it looks like Space will be cut. But! in note to senior finance people, Sector VP Tom Vice specifically thanked F18 chief for great work. F18 fab real estate (adjacent to LAX) is worth at least $3B.....
Sector VP Tom Vice met with Citi, Wells, and Goldman last week.
Anyone with information please reply or PM me. Thanks.
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if it's going to happen I would say it is deff space. Aerospace has too much going on right now with the x-47 in strong position for uclass (especially after tuesday)Not sure is EW is included in aero but NGC is the incumbent right now on the growler jamming system and NGJ is being awarded in the next 3ish months.
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