Pay for directors at Standard & Poor’s 500 Index companies rose to a record average of $251,000 last year, the sixth straight year of increased compensation since federal rules began requiring disclosure.
It’s easy for Bruce Kleinstein and his 30-employee company to escape attention in the $500 billion- a-year federal contracting market. Except at the U.S. government office that arbitrates contract disputes, where he’s known as a regular.
The average cost for one of Northrop Grumman Corp .’s Global Hawk drone aircraft has risen more than 25 percent because the U.S. Air Force cut the order by about 14 percent in its 2012 budget request, Michael Donley , the service’s top official, said in a letter to lawmakers.
Cleveland Ship LLC, a company formed to bid for a new class of U.S. Navy oilers, made a multibillion dollar bid for Northrop Grumman Corp. ’s shipbuilding unit, the new company’s chief executive officer said today.
Northrop Grumman Corp. was paid at least $206,000 by Navy contracts officials for “questionable” travel billings to a golf outing and international air shows, according to an audit by the Pentagon’s inspector general.