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Northrop Grumman Reports Strong End To 2016; Backlog Spikes On B-21

Northrop Grumman Reports Strong End To 2016; Backlog Spikes On B-21
Artist’s rendering of the Air Force’s Long Range Strike Bomber, designated B-21. Northrop Grumman, the prime contractor for the program, doesn’t mention the B-21 in its earnings releases because it is classified. The company said classified manned aircraft contributed to higher sales in 2019 and will do so again in 2020. Image: Air Force.

Northrop Grumman [NOC] on Thursday  reported double-digit increases in earnings and sales, ending a solid year for the company on a strong note.The company also said that it ended 2016 with $45.3 billion in total backlog, a 26 percent hike above the $35.9 billion at the end of 2015, which was the last time the company reported backlog figures.For the time being Northrop Grumman is only reporting backlog at the end of each year to help protect the classified nature…

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