Sign In
Search
Business/Financial

Northrop Grumman Opens 2020 With Higher Sales, Earnings; Lowers Guidance Due To Pandemic

Cal Biesecker By
SHARE:
Northrop Grumman Opens 2020 With Higher Sales, Earnings; Lowers Guidance Due To Pandemic
Northrop Grumman Chairman, President and CEO Kathy Warden. (Photo: Northrop Grumman)

Northrop Grumman [NOC] on Wednesday reported a solid increase in sales in the first quarter on increases across its operating sectors, although net income barely edged up as a pension benefit more than offset lower operating earnings, higher taxes, and the impacts from negative returns on marketable securities due to market volatility. The company lowered its estimates for sales and adjusted earnings for the rest of 2020 due to the ongoing COVID-19 pandemic, with most of the impacts expected to…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] 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

Business/Financial

Northrop Grumman’s Earnings Slip On Pension Headwinds; Raises Earnings Guidance

Business/Financial

Northrop Grumman’s Earnings Down, Sales Up In Third Quarter

Business/Financial

Leidos Posts Strong Third Quarter, Increases Earnings Guidance

Business/Financial

Lockheed Martin’s Sales Dip In Third Quarter, Sees Further Drop In 2022; Aerojet Deal Delayed

Trending

Lockheed Using Northrop Grumman As NGI Rocket Motor Backup
Systems Integration Review for VICTUS HAZE Completed, Rocket Lab USA Says
Low-Cost Cruise Missile Funding in Reconciliation Act Awaiting Contract Obligation
Collins Sees Golden Dome As Periodic Upturn in Missile Defense, Tells Industry To ‘Get Ready To Go Fast And Think Big’
New Electro-Optical Commercial Services Program Advised by Senate Defense Appropriators

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume