Northrop to Miss Paris Air Show

Continuing to seek ways to reduce costs, Northrop Grumman Corp. will not take part of the 2013 international air show in Paris, France, according to a report from Reuters.

"In full alignment with its affordability and cost reduction goals, Northrop Grumman will not be exhibiting or offering a business center at the 2013 Paris Air Show," a company spokesman told Reuters.

This is the latest step the Global Hawk maker has taken over the past year to scale back spending. Last month, the company cut about 200 jobs in two factories, citing the proposed Pentagon budget cuts as a factor. It also skipped last year’s Farnborough international air show to prepare for a tighter budget.

Air shows can cost around $4 to $5 million to participate in, according to Reuters.

Officials from Northrop say the company is planning to participate in the Australian International Air Show in February, and the Dubai air show in November, “and might even expand its presence at those events,” according to Reuters.