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Labor, Supply Chain Challenges Help Send Northrop Grumman’s Sales And Earnings Down

Cal Biesecker By
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Labor, Supply Chain Challenges Help Send Northrop Grumman’s Sales And Earnings Down
Northrop Grumman Chair, President and CEO Kathy Warden. Photo: Northrop Grumman

Northrop Grumman [NOC] on Thursday reported lower sales and earnings in its second quarter due in part to labor shortages and difficulty getting materials, although it said the tight labor market is letting up and the company reaffirmed its top and bottom-line outlook for 2022. In addition to a tight labor market, Northrop Grumman continues to face challenges related to the lingering COVID-19 virus, with workers being out sick a recurring problem. “What we've seen more so and we talked…

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