Trw News

Dr. Holger Klein, Member of the Board of Management responsible for the Asia-Pacific region, Car Chassis Technology Division, Aftermarket and Production, will succeed Wolf-Henning Scheider as Chairman and CEO of ZF Friedrichshafen AG at the end of 2022.At the same time, Dr. Peter Laier will join the Board of Management to lead the Commercial Vehicle Solutions (CVS) and Industrial Technology divisions succeeding Wilhelm Rehm. ZF Chief Financial Officer Dr. Konstantin Sauer will leave the company by the end of 2022 after many years of service.

Global engineering and defense technologies provider Huntington Ingalls Industries (HII) announced today the promotion of Edmond Hughes to executive vice president and chief human resources officer. Hughes, formerly the vice president of human resources and administration contracts at HII’s Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006, will replace William “Bill” R. Ermatinger, who will retire on April 1 after 35 years of service. HII also appointed Susan Jacobs to replace Hughes as the vice president…

Konecranes, which specialises in the manufacture and service of cranes and lifting equipment, has appointed a new president and CEO, Rob Smith, who will take over his new role as of February 1, 2020.As of today, the Finnish company's CFO, Teo Ottola, who also serves as Deputy CEO, will be acting as the interim CEO until Rob Smith starts in the position."Konecranes has concluded the integration following the MHPS acquisition that took place almost three years ago. The company is now ready for the next phase in its development, and for that I am pleased to extend a warm welcome to Rob Smith, who is a global leader with a track record in achieving market leadership positions through innovative business strategies…

ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018. His responsibilities will include Car Chassis Technology and Aftermarket (service and parts business).

Northrop Grumman Corporation’s (NYSE: NOC) board of directors has elected Stephen D. Yslas, 61, corporate vice president and general counsel effective Jan. 1, 2009. Yslas succeeds W. Burks Terry who is retiring Dec. 31, 2008. In his new role, Yslas will be responsible for oversight of all of the company's legal matters. He will report to Ronald D. Sugar, the company's chairman and chief executive officer, and become a member of the company's Corporate Policy Council. The board also elected Joseph F.

Northrop Grumman Corporation announced that its board of directors has elected Ronald D. Grumman's next chairman of the board. Effective Oct. officer and president. chairman since 1990, will retire on that date. 2003 as president and chief executive officer. boards," said Sugar. Grumman in September 2001 and its chief executive officer in April 2003. has served as a member of the Northrop Grumman board of directors since 2001. Industries, a company acquired by Northrop Grumman in April 2001. Information Systems and a member of the chief executive office of TRW Inc. global automotive electronics business. scientific, and commercial space and electronics programs. Aircraft Co., Argosystems Inc. and The Aerospace Corporation. (1969) and doctoral degrees (1971) in the same field.

Northrop Grumman Corporation (NYSE:NOC) reported income from continuing operations of $224 million, or $1.21 per share for the 2003 third quarter, compared with $141 million, or $1.17 per share, for the same period of 2002. Third quarter 2003 earnings per share are based on weighted average diluted shares outstanding of 184.5 million versus 115.2 million for the third quarter of 2002. Sales for the 2003 third quarter increased to $6.6 billion from $4.2 billion for the same period of 2002. Ronald D. Sugar, Northrop Grumman's chairman, chief executive officer and president said, "Northrop Grumman's third quarter results were excellent from every perspective.

The U.S. U.S. Secretary of Transportation Norman Y. Inc. military seaports. port security enhancements. Secretary Mineta. Commission on Crime and Security in U. ports. Transportation for Maritime and Land Security, Rear Admiral Richard E. Bennis. Groundwork for the PVA program began in 1999 when the U.S. strengths and weaknesses of U.S. ports. The U.S. analysis of ports and critical infrastructure. in our ports," said Admiral James M. Loy, Commandant of the U.S. Guard. by Congress at $93.3 million for FY 2002. enhancing facility and operational security. and Operational Security. assessments, U.S. intelligence and investigative teams. Transportation and the U.S. operations, and to improve maritime security enforcement.

The U.S. Department of Transportation has selected TRW Inc. to assess the vulnerability of the nation's most critical commercial and military seaports, under a 5-year contract worth up to $31 million. "Securing our nation's ports and maritime transportation system is a vital component of our overarching transportation security mission," said U.S. Secretary of Transportation Norman Y. Mineta in announcing TRW's selection. Under contract to the Coast Guard, TRW will develop model port security guidelines, conduct assessments of at least 55 U.S. ports, and develop a port vulnerability self-assessment methodology to help local port stakeholders evaluate and improve security conditions.

Northrop Grumman Corporation Chairman and CEO Kent Kresa stated emphatically that, "TRW shareholders have sent a strong message to TRW's board of directors today in favor of allowing Northrop Grumman to begin due diligence in connection with its proposed acquisition of TRW. We are prepared to immediately enter discussions with TRW to resolve the outstanding differences concerning an agreement that allows Northrop Grumman to begin due diligence consideration of non-public information as soon as possible. "As we have previously stated, we are willing to pay full and fair value for TRW and encourage TRW to provide information supporting any additional hidden value.

Northrop Grumman Corporation has appointed Dr. Ronald D. Sugar to its board of directors, increasing the board to 14 members. Dr. Sugar, formerly president and COO of Litton Industries Inc., is corporate vice president, president and CEO of Northrop Grumman's Litton Sector. He joined the board effective with the completion of the company's tender offer for Litton Industries Inc. Prior to joining Litton, Dr. Sugar was president and COO of TRW Aerospace and Information Systems, and a member of the three-man Chief Executive Office of TRW Inc., a $17 billion global automotive, aerospace and information systems company. In his nearly 20 years with TRW, Dr.

Northrop Grumman Corporation and TRW Inc. jointly announced that they have entered into a definitive merger agreement. The combination will position Northrop Grumman as the nation's second largest defense contractor with projected annual revenues of more than $26 billion and approximately 123,000 employees. Following the separation of TRW's automotive business and completion of the sale of TRW's Aeronautical Systems business, Northrop Grumman will be a Fortune 100 company. Under the terms of the agreement, unanimously approved by the boards of directors of both companies, Northrop Grumman will acquire TRW for $60 per share in common stock in a transaction valued at approximately $7.8 billion, plus the assumption of TRW's net debt at the time of closing.

Donald C. Winter, Secretary of the Navy, will receive the Commodore John Barry Distinguished Citizen Award at the annual Navy League Dinner to be held on August 28. Drexelbrook in Drexel Hill. Dr. annual budget in excess of $125b and almost 900,000 people. joining the administration of President George W. Systems sector. Previously, Dr. systems division of TRW. League. received in 1797 the first commission in the newly revived U.S. President George Washington. Museum, which plans a joint display with the Navy League. Barry Bridge of the Delaware River Port Authority bears his name.

According to the AP, Northrop Grumman Corp. posted a lower first-quarter profit as revenue declined and gains from a stock sale boosted last year's results. The company also maintained its forecast for double-digit profit growth in 2006. Income slid to $358 million, or $1.02 per share, for the January-March period, from $409 million, or $1.11 per share, the previous year when the company gained $56 million from selling its Teldix aircraft parts unit and the sale of stock in TRW Automotive Holdings Corp. Excluding last year's gains, earnings from continuing operations were $357 million, or $1.02 per share, versus $398 million, or $1.08 per share, last year. Northrop said its shipbuilding business hurt its overall revenue, which fell 4 percent to $7.18 billion from $7.45 billion a year ago.

share, for the same period of 2005. share, from the sale of TRW Automotive common stock. to lower sales in the company's Ships business. from Information & Services, Aerospace and Electronics. At Ships, we continue to progress toward pre-Katrina production levels," said Ronald D. Sugar, Northrop Grumman chairman, chief executive officer and president. The company's first quarter 2006 segment operating margin increased to $644 million from $638 million in first quarter of 2005. First quarter 2006 segment operating margin reflects higher operating margin in Information & Services, Electronics and Aerospace, partially offset by lower operating margin in Ships.

A corporate vice president at Northrop Grumman Corp. was confirmed by the Senate yesterday to be the new secretary of the Navy, according to a Washington Technology report. Donald C. Winter most recently served as president of Northrop Grumman’s Mission Systems sector. He also formerly worked as president and CEO of TRW Systems, said the report. In the early 1980s, Winter worked with the Defense Advanced Research Projects Agency as program manager for space acquisition. Winter earned his bachelor's degree in physics from the University of Rochester and a master's and doctorate in physics from the University of Michigan. In 2002, Winter was elected to the National Academy of Engineering. Source: Washington Technology

Northrop Grumman Corporation has named Ronald D. Sugar, president and chief operating officer chairman and chief executive officer. Dr. Sugar was elected to Northrop Grumman's board of directors last April. Kent Kresa, chairman and CEO, stated, "With our recent acquisition of Litton Industries, Northrop Grumman is now a $15 billion top-tier global enterprise with 80,000 employees. Ron's appointment provides our company with additional management depth, experience and expertise at an important time in our company's history. For the past 11 years, Kresa has held the position of chairman, president and chief executive officer, leading Northrop Grumman in its transition from primarily an aircraft company to a leading defense electronics…

Northrop Grumman Corporation confirmed that President George W. nominate Donald C. Winter, 57, to become Secretary of the Navy. Winter currently serves as corporate vice president and president of Northrop Grumman's Mission Systems sector, a position he has held since January 2000. current position. as an executive advisor to the CEO's office. Mission Systems, will serve as acting sector president. Systems since July 2004. distinguished career in the U.S. Navy. 2004 revenues of $5 billion and employs 18,000 people. communities," Sugar said. system programs. He joined TRW Inc. Systems when Northrop Grumman acquired TRW in December 2002. pointing programs at the U.S. Defense Advanced Research Projects Agency. was awarded the Secretary of Defense Medal for Meritorious Civilian Service.

Northrop Grumman Corporation and TRW Inc. are continuing to have discussions with the Department of Justice relating to their proposed merger and continue to believe that a mutually acceptable consent decree can be reached within the next several days. Every effort will be made, the parties said, to complete their pending merger promptly following shareholder approval of the merger at meetings on Dec. 11, 2002. The companies agreed with the Justice Department, however, that in the event the consent decree is not finalized by Dec. 9, 2002, they will not close the merger until the consent decree is finalized or until Dec. 16, 2002, whichever is earlier.

promptly close its acquisition of TRW, Inc. after shareholders of both companies approve the transaction at separate meetings December 11, 2002. satellite payloads. businesses and those of TRW as planned. The European Union antitrust authority approved the transaction Oct. 2002. executive officer. principle. agreement. exchange for Northrop Grumman common stock. day prior to the closing of the merger. than 0.4348 or more than 0.5357 of a Northrop Grumman share. closing date of Dec. 11, the five-day trading period commenced Dec.

Northrop Grumman Corporation announced today that the merger of a wholly-owned subsidiary of Northrop Grumman with and into TRW Inc. was completed following the approvals of the stockholders of Northrop Grumman and TRW at special meetings of stockholders held today. TRW will survive the merger as a wholly owned subsidiary of Northrop Grumman. As previously announced, based on the exchange ratio for the merger, TRW shareholders will receive 0.5357 shares of Northrop Grumman common stock for each share of TRW common stock, with cash paid in lieu of any fractional share of Northrop Grumman stock which otherwise would be issued to the TRW shareholders.

shares outstanding of 98.0 million in the fourth quarter of 2001. with SFAS No. Schedule 4). of common stock in conjunction with its Dec. 11, 2002, acquisition of TRW Inc. do not include TRW's post-acquisition results because they were not material. Financial Metrics). the full quarter results for Newport News, which was acquired on Nov. 2001. same period last year. 8 percent to $411 million from an adjusted $381 million in the prior year. compared with $88 million in the fourth quarter of 2001. Northrop Grumman chairman and chief executive officer. include double digit increases in both net income and economic earnings. defense budgets and homeland security initiatives. 2003 sales of $25 billion to $26 billion," Kresa concluded.

Northrop Grumman Corporation reported income from continuing operations of $207 million, or $1.09 per share, compared with $181 million, or $1.52 per share, for the same period of 2002. second quarter of 2002. $6.6 billion from $4.2 billion for the same period of 2002. $22 million of pension income for the 2002 second quarter. 2002. increased operating margins from our segments, offset by pension expense. Technology segments. $25.9 billion at June 30, 2003, from $21.7 billion reported a year earlier. Information Technology and Integrated Systems segments. program. Ronald D. new Northrop Grumman. contributed significantly to today's results. cash flow, and to increase 2003 earnings per share guidance. agenda. warfare future envisioned by our customers," Sugar added.