UPDATE 2-Northrop pulls out of Farnborough air show
October 13, 2011 at 18:23 PM EDT
WASHINGTON, Oct 13 (Reuters) - Northrop Grumman Corp on Thursday pulled out of the 2012 international air show in Farnborough, England, a dramatic move underscoring the company's drive to cut costs as it prepares for leaner times in the global defense market.