Northrop Grumman Corporation (NYSE:NOC) may not bid on a $40 billion Air Force refueling tanker contract, clearing the field for Boeing to become the sole bidder, The Wall Street Journal reported. Northrop President and Chief Operating Officer Wes Bush wrote in a letter to the Pentagon that unless major changes were made on the selection process, “Northrop Grumman cannot proceed to submit a bid,” the newspaper said.
SWS Group, Inc. (NYSE: SWS) announced today that it has commenced an underwritten public offering of 4,100,000 shares of its common stock. The underwriters will be granted a 30-day option to purchase up to an additional 615,000 shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds for general corporate purposes and to support continued growth or selective opportunistic acquisitions. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
Descartes Systems Group (USA) (NASDAQ:DSGX) is expected to post third-quarter earnings of 8 cents a share. The Descartes Systems Group Inc. (Descartes) is a provider of on-demand, software-as-a-service (SaaS) logistics technology solutions that help its customers make and receive shipments.