:

Business/Financial

Improved Performance, Pension Tailwind Bolster Profits At Northrop Grumman Despite Sales Dip

Defense Daily Staff

Thursday, October 24th, 2013

SHARE:

Northrop Grumman [NOC] yesterday posted strong earnings results in the third quarter due to solid operating performance and an improvement in recovering pension costs under its government contracts, although sales slipped a bit. Net income rose 8 percent to $497 million, $2.14 earnings per share (EPS), from $459 million ($1.82 EPS), crushing consensus estimates by 42 cents EPS. Per share earnings were up 18 percent as the company’s stock repurchase program resulted in fewer shares outstanding from a year ago.…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]