Sign In
Search
Business/Financial

Lower Taxes, Pension Benefit Propel Northrop Grumman’s Earnings Higher In Second Quarter

Cal Biesecker By
SHARE:
Lower Taxes, Pension Benefit Propel Northrop Grumman’s Earnings Higher In Second Quarter
Kathy Warden, chairman, president and CEO of Northrop Grumman. (Photo: Northrop Grumman)

Northrop Grumman [NOC] on Wednesday reported a huge leap in its bottom line in the second quarter driven primarily by a lower tax rate and a pension benefit and the company increased its profit guidance for 2018 based on a lower than expected tax rate this year.Net income jumped 24 percent to $689 million, $3.93 earnings per share (EPS), from $555 million ($3.16 EPS), beating consensus estimates by nine cents a share. Operating martin rate slipped 1.9 percent to 11.6…

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

Air Force

Longtime Space Force senior heads to Nuclear Weapons Center

Defense Watch

Defense Watch: E-7 Challenges, T-AGS(X) RFI, Ukraine Biz News, Saronic Testing,

Business/Financial

Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion

Business/Financial

BAE Gets $16 Million DoD Investment To Expand U.S. Rad Hardened Chips

Trending

AV’s New C-UAS Deal Begins With $80 Million Titan Order To Air Force Global Strike Command
USAF Solicits Rapid Prototyping Of Supersonic, Ground Launched Counter Air Missile
Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion
Defense Watch: E-7 Challenges, T-AGS(X) RFI, Ukraine Biz News, Saronic Testing,
Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume