Sign In
Search
Business/Financial

Income, Sales Drop At Northrop Grumman In Fourth Quarter

Cal Biesecker By
SHARE:
Income, Sales Drop At Northrop Grumman In Fourth Quarter
Northrop Grumman's Global Hawk UAV. The company hoping to sell the system to South Korea, which could open additional export opportunities for the unmanned aircraft to other allied nations, according to Northrop Grumman Chief Wes Bush. Photo: Northrop Grumman.

Northrop Grumman [NOC] on Thursday posted lower earnings and sales in its fourth quarter, although an aggressive stock repurchase program helped maintain healthy per share earnings. Net income fell 10 percent to $478 million, $2.12 earnings per share (EPS), from $533 million ($2.14 EPS) a year, still well ahead of analysts’ expectations of $1.94 EPS. A pension adjustment and the company’s stock repurchase program reduced the outstanding share count by 10 percent, helping to prop up the EPS results, which…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Navy/USMC

Navy Wants Runway Independent Long-Range UAS For Operations From Surface Combatants

Homeland Security

Coast Guard Awards Davie Defense $3.5 Billion Contract For Five Arctic Security Cutters

Advanced / Transformational Technology

Blue Water Autonomy Unveils Details For 190-Foot USV With Eyes On MASC

Navy/USMC

Navy Leaders See Battleship As Force Function For Lasers, Zumwalt As Testbed For Battleship

Trending

Startup Developing Blended Wing Aircraft For Cargo Use Raises $28 Million
America First Arms Transfer Strategy Looks To Larger FMS
Cyber Defense At RF, Ground, Optical Interfaces Key For Space Systems
Starfish Nabs $55 Million Space Force Award For Orbital Mobility
Contract Awards

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume