Friday, July 16, 2010

Northrop CEO: Wesley Bush is steering Northrop Grumman in a new direction - latimes.com

Northrop CEO: Wesley Bush is steering Northrop Grumman in a new direction - latimes.com

Wes Bush wants to make over Northrop Grumman, and is proposing to make additional changes.

Northrop Grumman may get out of the ship-building business.

See the link above for more.

Here's an interesting observation by Rebecca Grant of IRIS Independent Research:

"Wes Bush is not hung up on the Northrop Grumman of the past," Grant said. "Time will tell about his judgment. But I think you have to give him credit for making the tough moves early on."

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