i was contacted by the redeployment center at northrop, and they told me about the education for teachers... at cal state dominguez. [ narrator ] the program provides both training and support... for men and women at a difficult time in their lives. typically, a participant is someone in their midforties, and so they have a number of family pressures: mortgages and kids in college and those types of things. it's helping that individual look at a different occupation... and a different set of requirements, both physical and intellectual than what he or she has experienced in her former work. [ waco ] every day is a new experience with the kids. it's just something about teaching young people. it makes the whole new experience worthwhile for me. [ narrator ] as for victor valenski his job as a delivery man is only the begiginning. [ valenski ] i have a dream to have computer. and my job as a pizza man paid good money, and i bought it. and i think i will work it two or three months, not more. i know that pizza man is not end of my career in united states. i know, i believe, i trust. i am sur

because of your ceo, bill swanson, a strong presence at the trade shows, some of the competitors northrop grumman is here. >> we are always looking to bolster the competitiveness and doing business in 81 countries you add to your own production line. it helps the united states and there are costs because we can lower costs to the u.s. government. that's why they're very helpful in us trying to move some of these i thinks. but also -- things. but also it helps us to you know, share our technologies around the world. and help provide for the common defense and there's this interoperability issue in the defense world that has been shown to be critically important. what i'm finding is there's actually more and more interest in u.s. technologyings right now than i think ever before. >> tom thank you very much. >> you're welcome. thank you. thank you. >>> coming up my notebook. k, a. no way out. my usualt ransport was nowhere to be found. i knew, then and there, that i needed wheels asap. thats alpha, sierra, alpha...pickle. ahem! sis here's in the military, so i can join navy federal too. he's

. >> reporter: for the first time, the navy is pulling the wraps off the x-47b which is built by northrop grumman. >> this is one of those that is a demonstration program and it really excites the interest and the imagination of a lot of folks. >> reporter: the plane is flown completely by its computer but, if it loses contact with air traffic controller, it flies back to its base just like a homing pigeon. calling it a drone is a bit of an understatement. the stealth aircraft will take off and land on aircraft carriers which no drone has ever done. it carries a 4,500 pound payload but so far are, the navy won't say what kind of payload. >> this is what you will see at any naval or marine corps base in the next decade. >> reporter: while it does have the one thing ew technology and it does not have is the ability to outrun financial difficulties. >> each and every one. us are taxpayers. it is not somebody else's money. it is our resource together. >> reporter: on sunday, the estimated $800 millionaire craft made its first 35-minute flight. navy officials say they want to prove the x-47b i

here is the ceo of northrop grumman "outfront." so how many people will you have to layoff at the beginning of next year due to the sequestration specifically? >> it's hard to tell exactly today and that's part of the challenge that we're all dealing with. the law specifies a percentage cut and has some description of how that gets applied. we've sought guidance from the federal government to be more clear about how sequestration would be implemented. >> it's hard to tell, he says. okay. here's the cold, hard truth. with half a trillion dollars in defense cuts spread over ten years, it is not right to claim that 100% of the job cuts linked to that spending cut will come on day one. it doesn't add up. so the president's rule change may not save that many votes. sorry, pink slips. anyway. there's one other thing that doesn't add up from the republican side. and that is speaker john boehner blaming the president for the fact tt the $1.2 trillion in cuts are set to take effect in the first place. >> the president came up with the seque

so, of course we must have repeatable tests. >> commissioner northrop come to you have an opinion on that as well clacks >> i have not participated in the atv because i have a conflict of interest with my husband's company. >> thank you. madame chair, i will see the minetti and a half i have left to my colleagues. >> we thank you very much to recognize mr. harbert for five minutes. >> thank you, madam share and each of the commissioners, thank you for your time, your service. chairman tannin mom asked to review questions. i was certainly pleased to read your op-ed in the hill last week where you indicated that you are taking a more collaborative approach with of the window covering industry regarding cord safety. i'm fervor please use them the time visiting manufacturing facilities to better understand the difficulties that eliminating chords for all products. can you tell me without revealing any proprietary information about these visits and what you've learned? >> it was my pleasure to travel across the united states and meet with the three major manufacturers house was the major

by media access group at wgbh access.wgbh.org >>> next on "this week in defense news," the ceo of northropgrumman on the cts

but i want to talk to commission northrop on the presidents issued executive orders on legislation and talked in the state of the union how regulations are strangling the economy in many ways and putting forth opportunities to move forward and i think there were two executive orders and my question, i can say what they are but i think you guys are aware of it but i just want to know cpsc is done to implement executive the executive order to the president while reviewing regulations? >> we are considering a package right now although it's been a couple of months. it's been sort of dangling out there without agreement. let me just say that the president and mr. cass sunstein have written extensively about it. they have said their primary purpose and that the quote right here, is to insist on pragmatic evidence-based on cost effective rules and they specifically talk about looking at major rules, rules that affect a significant portion of the economy. they also talk about doing cost-benefit analyses. you have seen both in the previous testimony of the chair in the senate and now commissio

"the journal" did a piece over the weekend about northrop grumman. >>> shares of knight have been down snafu on august 1st. knight capital is back to its full capacity but is it safe to invest in the firm. richard repetto joins us now on the phone. >> good morning, melissa. >> would you even tell investors that this would be on the radar for you in terms of potential investments? >> well, obviously anybody that would buy the stock now is going to be highly speculative. the tangible book value of the company is around $3.26. so if there was a takeout, you could potentially get something higher. but that's very, very speculate zblif who would even be a take-out -- an acquirer, let's say? >> well, the larger investment banks have talked about getting into what knight does, the wholesale or retail market-making, market-making to the people like td ameritrade and scotttrade, some of their other lines of profitability are coming under more pressure with dodd/frank and so forth. but you saw the industry wants them in place and you saw people step up with the capital raise. but i'm not sure an