Sign In
Search
Business/Financial

Northrop Grumman Posts Strong First Quarter, Raises Guidance

Cal Biesecker By
SHARE:
Northrop Grumman Posts Strong First Quarter, Raises Guidance
Northrop Grumman Chair, President and CEO Kathy Warden. Photo: Northrop Grumman

Northrop Grumman [NOC] on Thursday reported a strong open to 2021, delivering higher sales and net income, buoyed in part by the divestiture in January of its information technology services business and top and bottom-line improvements in three of its four operating segments. The strong quarter led the company to increase guidance for sales and earnings. Net income in the first quarter soared 153 percent to $2.2 billion, $13.43 earnings per share (EPS), from $868 million ($5.15 EPS) a year…

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

Federal Spending On Venture And Private Equity-Backed Companies Increased In FY ‘25

Business/Financial

Apex Raises $200 Million To Boost Hiring And Vertical Integration

Business/Financial

Arxis To Acquire Omnetics Connector And MagCanica For Combined $890 Million

Business/Financial

Davie Defense Breaks Ground On Modernization Of Texas Shipyard

Trending

Lockheed Details Successful Propulsion Demo For PrSM Inc. 4 Design, Flight Test To Begin This Fall
Elbit America Teams With Anduril On Offering For Army’s Future Howitzer Competition
DroneShield Awarded $13.8 Million By JIATF-401 For Anti-Drone Systems On Southern Border
Low Radar Cross Section Of MQ-28 Ghost Bat Validated, Boeing Says
Northrop Grumman Targets Next Year For On-Orbit SBI “Capability”

Congress Updates

Congress

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]

Budget

Defense Bill Tries To Block Foreign Shipbuilding, Adds $1 Billion For Second DDG

The final version of the House Armed Services Committee’s (HASC) fiscal year 2027 defense authorization bill included two amendments pushed by Rep. Jared Golden (D-Maine) that restrict procuring Navy warships […]

Congress

Replacement Munitions May Not Be One-for-One; May Include New Weapons Chemistries, Wittman Says

As the Pentagon looks to refill inventories of weapons used in Iran and elsewhere, replacements may not be one for one but instead mark a new portfolio mix, according to […]

Congress

HASC Approves $1.15 Trillion FY ‘27 NDAA With ‘Right To Repair’ Reform

The House Armed Services Committee (HASC) has approved its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA), with the panel moving to adopt a bipartisan […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume