I received my copy of the Northrup Grummon Annual Report from 2006 yesterday. The most striking things I encountereed were these:

Wesley G. Bush - President and COO
At its meeting on February 9, 2007, the Board of Directors elected Wesley G. Bush, the Company's President and Chief Financial Officer, to the position of President and Chief Operating Officer. Mr. Bush is 45 and has held the title President and Chief Financial officer since May 2006. From March 2005 to May 2006 he was Corporate Vice President and Chief Financial Officer. From February 2003 to February 2005 he was Corporate Vice President and President, Space Technology Sector. From December 2002 through January 2003 he served as Corporate Vice President of Northrop Grumman Corporation. Mr. Bush was Executive Vice President of TRW Inc. and President and Chief Executive Officer of TRW Aeronautical Systems from 2001 to 2002, and Vice President and General Manager, TRW Ventures, TRW Space & Electronics Group from 2000 to 2001.

Profits have been up the last four years, each year better than the last.

Holdings:
BUSH WESLEY G: Declared Holdings
Company/Relationship
Reported
Shares
Ownership
NORTHROP GRUM HOL CO
Officer
NYSE:**NOC**
(historical quotes, profile, SEC, other insiders)
28-Feb-07
170,475
Direct
Insider & restricted shareholder transactions reported over the last two years
Date
Shares
Stock
Transaction
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28-Feb-07
32,000
NOC
Acquisition (Non Open Market) at $71.85 per share.
(Value of $2,299,200)
21-Feb-07
5,825
NOC
Acquisition (Non Open Market) at $75.29 per share.
(Value of $438,564)
21-Feb-07
8,350
NOC
Disposition (Non Open Market) at $75.29 per share.
(Value of $628,671)
16-May-06
40,000
NOC
Acquisition (Non Open Market) at $66.64 per share.
(Value of $2,665,600)
15-Feb-06
9,540
NOC
Disposition (Non Open Market) at $65.10 per share.
(Value of $621,054)
15-Feb-06
34,230
NOC
Acquisition (Non Open Market) at $65.10 per share.
(Value of $2,228,373)
19-Dec-05
2,145
NOC
Disposition (Non Open Market) at $58.38 per share.
(Value of $125,225)