Sign In
Search
Business/Financial

Northrop Grumman Posts Higher Earnings, Lower Sales In Fourth Quarter

Cal Biesecker By
SHARE:
Northrop Grumman Posts Higher Earnings, Lower Sales In Fourth Quarter
Northrop Grumman Chair, President and CEO Kathy Warden. Photo: Northrop Grumman

Northrop Grumman [NOC] on Thursday reported higher earnings in its fourth quarter due largely to a pension benefit while sales fell 15 percent on the divestiture last year of its information technology services business and fewer working days compared to a year ago. Adjusting for the sale of the IT business, including various pension and tax items, net income fell 14 percent to $948 million, $6 earnings per share (EPS), from $1.1 billion ($6.59 EPS) a year ago, missing consensus…

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

Business/Financial

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Business/Financial

L3Harris Names New CFO, Freeing Bedingfield To Run Missile Solution Business

Business/Financial

Leonardo DRS Ends Strong Year With Robust Fourth Quarter

Trending

Defense Watch: Black Arrow and Blackbeard, Jordan KuMRFS, Epirus and DFT
Experimental Operations Unit Flights To Spur CCA Increment 2 Requirements
Air Force Acquisition Official: ‘APG-85 Is A Helluva Radar Unless You Don’t Have One’
Rolls-Royce F130 Engine For B-52 Passes Altitude And Operability Testing, Company Says
Anduril Gets $44 Million In DPA Funding To Expand Rocket Motor Production

Congress Updates

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]

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