Northrop Grumman lands up to 490 million DMON 2.0 contract
The Air Force awarded Northrop Grumman a five year contract to provide network and integration services for the Distributed Mission Operations Network 2.0. The deal could extend through June 30, 2023, with options exercised. The work supports global aircraft platform synchronization in a virtual environment from Wright-Patterson Air Force Base. The contract is centered in Dayton.
MENTIONED IN THIS ARTICLE
Dayton
U.S. Air Force
Northrop Grumman Corp
Northrop Grumman
Air Force Life Cycle Management Center
Wright-Patterson Air Force Base
Housing crisis deepens as homeownership falls
Reuters reports economists saying homeownership has sunk to a 17 year low amid a worsening housing shortage. Guy Berger of RBS notes rising renter demand as more households seek housing while job losses linger four years after the 2007 09 recession.
MENTIONED IN THIS ARTICLE
Guy Berger
RBS
Stamford
Connecticut
Housing market seizes rental demand as ownership declines
Depth of housing coverage shows 7.6 percent unemployment and 22.6 million underused workers. Investors push rentals as household formation shifts to leasing. rental vacancy sinks to 8.2 percent, record asking rents at $735. Mortgage rates may shrink homeownership further, with declines led by 45 to 54 age group while older Americans rise.
MENTIONED IN THIS ARTICLE
Julia Coronado
North America
BNP Paribas
New York
Fiat Chrysler Parts Glitch Cuts Profit Forecast
Fiat Chrysler chief Sergio Marchionne said most Chrysler plants faced parts shortages delaying the Jeep Cherokee relaunch and nine speed transmission calibration. The company trimmed its full year net profit forecast to 1.7 to 2.2 billion dollars as U.S. demand stays strong but supply hiccups persist amid rising output targets. Shares of Fiat fell after the warning, while Chrysler reported a quarterly profit of 507 million dollars as pricing and model mix boosted earnings.
MENTIONED IN THIS ARTICLE
Milan
Detroit
Fiat
U.S
Chrysler
Europe
Fiat-Chrysler
Sergio Marchionne
General Motors
Ford
Jeep
Marchionne
JPMorgan to Pay $410 Million in Power Market Case
JPMorgan Chase will pay $410 million to settle U S regulatory claims of manipulating electricity markets in California and the Midwest. The FERC settlement marks a major penalty after years of investigations into the bank’s energy trading unit and follows its exit from the physical commodities business.
MENTIONED IN THIS ARTICLE
New York
Jpmorgan Chase & Co
California
Midwest
U.S
Federal
Federal Energy Regulatory Commission
FERC
Jamie Dimon
Jpmorgan Ventures Energy Corp
Bear Stearns
Airbus Group overhaul to merge units and rebrand
EADS plans to reorganize into three units and rename to Airbus Group. The defense and space divisions will merge into Airbus Defence and Space, while Airbus Military joins that unit. Eurocopter becomes Airbus Helicopters, and the core plane maker may keep a one word name. Analysts expect job cuts.
MENTIONED IN THIS ARTICLE
Paris
EADS
European Aerospace Group
Airbus
Airbus Group
Boeing
Europe
Ohio
Tom Enders
BAE Systems
Airbus Defence & Space
Airbus Military
Eurocopter
Aker
Airbus Helicopters
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Brandt Pike
Huber Heights
Mark Peebles
Peebles
Mark Fisher
Rob Portman
Sherrod Brown
U.S. International Trade Commission
Department of Commerce
U. S. Steel
Lorain
Steve Bennish
By Lucia Mutikani
Reuters
Berger
Auto Industry
Toledo
James Rassinger
Jpmorgan
By Scott DiSavino
Congress
EnronCorp
Brian Marchiong
Wall Street
U.S. Federal Reserve
Thorinds
Citigroup
Pepsico
Wwe
Morgen
Walttar Aoeen
MT Nagitar
Webane
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