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Business/Financial

After Bomber Win, Northrop Grumman Says Can Take On More Major Programs; Posts Strong Earnings

By Cal Biesecker

Wednesday, October 28th, 2015

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After Bomber Win, Northrop Grumman Says Can Take On More Major Programs; Posts Strong Earnings

Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

A day after winning the Air Force’s new $80 billion bomber program, Northrop Grumman [NOC] on Wednesday reported strong third quarter net income and the company increased its earnings guidance for the year.Given the classified nature of the stealth bomber program, the company had little to say about what comes next and referred analysts on Wednesday’s earnings call to Air Force information accompanying the selection of the contractor on Tuesday.Wes Bush, Northrop Grumman’s chairman, president and CEO, said the Long…

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