financetom
Business
financetom
/
Business
/
Northrop Grumman, Republic of Lithuania Collaborate on Allied Defense Industrial Cooperation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Northrop Grumman, Republic of Lithuania Collaborate on Allied Defense Industrial Cooperation
Sep 28, 2024 5:13 AM

11:48 AM EDT, 09/23/2024 (MT Newswires) -- Northrop Grumman ( NOC ) said Monday it has signed a memorandum of understanding with the Republic of Lithuania's Ministry of Defense and Ministry of Finance to enhance the country's production of medium-caliber ammunition for infantry fighting vehicles.

Financial details were not disclosed.

The memorandum of understanding allows Northrop to share technologies and advanced manufacturing expertise with Lithuanian industry, aligning with US policy to support allies' domestic defense capabilities, which is crucial for replenishing stockpiles and strengthening munitions supply chains, the company said.

Price: 530.57, Change: +5.44, Percent Change: +1.04

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Hess Midstream Stock Is Trading Lower
Why Hess Midstream Stock Is Trading Lower
May 30, 2024
Hess Midstream LP ( HESM ) shares are trading lower by 3.83% to $34.44 during Thursday’s session after the company announced a 10 million share offering by a selling shareholder. The public offering aims to generate $343 million in gross proceeds. The underwriter, J.P. Morgan, has a 30-day option to buy up to 1.5 million additional shares. Hess Midstream (...
Kits Eyecare Announced TSX Acceptance Of Normal Course Issuer Bid
Kits Eyecare Announced TSX Acceptance Of Normal Course Issuer Bid
May 30, 2024
09:46 AM EDT, 05/30/2024 (MT Newswires) -- Kits Eyecare ( KTYCF ) on Thursday announced the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid to purchase a portion of its common shares. A statement noted as at May 21, 2024, KITS had 31,450,102 issued and outstanding common shares. Pursuant to the NCIB,...
NIO Charges Ahead: Reportedly Partners With SAIC Motor's IM Motors, Expands Dominance In China's EV Market
NIO Charges Ahead: Reportedly Partners With SAIC Motor's IM Motors, Expands Dominance In China's EV Market
May 30, 2024
NIO Inc. ( NIO ) shares are trading slightly higher in the morning session on Thursday. NIO’s charging network now reportedly includes SAIC Motor Corp‘s EV unit IM Motors, as local automakers seek to capitalize on one of China’s largest EV charging networks, CnEV Post reported. The report added that on May 30, Nio Power, NIO’s energy arm, and IM Motors...
-- NXP Semiconductors Keeps Quarterly Dividend at $1.014 a Share; Payable July 10 to Shareholders of Record as of June 13
-- NXP Semiconductors Keeps Quarterly Dividend at $1.014 a Share; Payable July 10 to Shareholders of Record as of June 13
May 30, 2024
09:54 AM EDT, 05/30/2024 (MT Newswires) -- Price: 272.90, Change: -0.94, Percent Change: -0.34 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved