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Northrop Grumman Off To A Solid Start In 2019 With Higher Sales And Earnings

Cal Biesecker By
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Northrop Grumman Off To A Solid Start In 2019 With Higher Sales And Earnings
Northrop Grumman Chairman, President and CEO Kathy Warden. (Photo: Northrop Grumman)

The acquisition last year of Orbital ATK combined with strong results in the company’s Aerospace Systems led to a solid opening quarter for Northrop Grumman [NOC], with sales and earnings higher and the outlook for earnings higher this year. Net income increased 3 percent to $863 million, $5.06 earnings per share (EPS), from $840 million ($4.79 EPS) a year ago, whipping analysts’ expectations by 46 cents per share. Sales increased 22 percent to $8.2 billion from $6.7 billion, with the…

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