Sign In
Search
Business/Financial

Northrop Grumman Posts Higher Earnings On Pension Adjustment As Sales Fall

Cal Biesecker By
SHARE:
Northrop Grumman Posts Higher Earnings On Pension Adjustment As Sales Fall
Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman [NOC] on Wednesday said its net income rose in the second quarter on pension adjustment as sales fell but the company’s overall performance was better than expected and it raised earnings expectations for the year. Net income increased 5 percent to $511 million, $2.37 earnings per share (EPS), from $488 million ($2.05 EPS) a year ago, beating Wall Street estimates by 15 cents per share. Free cash flow was $456 million. Northrop Grumman said the quarter benefited from…

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

Fewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’

Business/Financial

Oshkosh Defense To Manufacture Grid Aero’s Autonomous Cargo Drone In New Partnership

Business/Financial

DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan

Business/Financial

ONDAS To Acquire German Aircraft Manufacturer; Plans Production Expansion

Trending

Executive Branch Decisions on Ukraine Loom, Including New Starshield Contract and F-16 Upgrades
Federal Watchdogs File Project Meridian Lawsuit
Corridian, Developer Of ‘Ultra-Large’ AUVs for Stealth Logistics, Other Roles Emerges With $38 Million
U.S. Space Force Cislunar Space System Under Consideration
DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan

Congress Updates

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

Air Force

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

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