Institute index: Will Northrop Grumman get its long-planned war with Iran?

by SUE STURGIS

Northrop Grumman’s Global Hawk surveillance drone used by the U.S. military. In a 2008 sales pitch for an updated¬†version of the drone, the Virginia-based military contracting behemoth¬†asked the Pentagon to envision war with Iran by 2020. PHOTO/U.S. Air Force/Bobbi Zapka via Wikipedia

In the first five days after President Trump ordered the CIA drone strike that killed 10 Iranian military leaders in Iraq earlier this month, percent by which the value of a key group of U.S. war stocks rose: almost 4*

Percent by which shares of Northrop Grumman, the West Falls Church, Virginia-based military contractor behind the B-2 Stealth bomber and other advanced weaponry, rose over the same period: 8

Year in which Northrop Grumman gave a sales pitch to the Pentagon for an updated version of its Global Hawk surveillance drone in which it said that a “hypothetical conflict with Iran in the 2015 to 2020 timeframe will provide a framework for discussion”: 2008

Month in which Iranian forces downed a Global Hawk drone over contested waters in the Strait of Hormuz, with President Trump at the time reportedly considering but abandoning the idea of a retaliatory strike: 6/2019

Rank of Northrop Grumman among the world’s largest military contractors: 5

The company’s total sales in 2018 alone: $30.1 billion

Percent growth that represents over the previous year: 16

Year in which the company, then just Northrop and headquartered in California, was indicted on criminal charges of falsifying test results on cruise missiles for the Air Force and Harrier jets for the Marine Corps: 1989

As the trial was about to begin, number of fraud charges to which Northrop pleaded guilty: 34

Year in which Northrop bought Grumman, which had its own history of controversies including cost overruns in producing F-14 Tomcat fighters for the Navy and a bribery scandal involving Iran: 1994

According to the Good Jobs First Violation Tracker, total penalties Northrop Grumman has paid for fraud and other corporate wrongdoing since 2000: over $712 million

Number of Superfund toxic waste sites Northrop Grumman has been linked to: 52

Despite that troubled record, number of prime contracts the federal government has awarded Northrop Grumman and its subsidiaries since the 2008 fiscal year: over 43,000

Total value of those contracts: over $198 billion

Facing South for more

Comments are closed.