Sign In
Search
Business/Financial

Northrop Grumman Reports Strong Fourth Quarter Despite Accounting Related Charge

Cal Biesecker By
SHARE:
Northrop Grumman Reports Strong Fourth Quarter Despite Accounting Related Charge
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 swung to a loss in its fourth quarter due to a change it adopted a year ago in accounting for pension and other post-retirement benefits, but sales were higher, free cash flow was robust, operating results were strong, adjusted earnings were well above consensus estimates and the company is forecasting top and bottom line growth in 2020. The net loss in the quarter, which includes a $1.4 billion expense related to use of the mark-to-mark…

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

Mehta Appointed New CEO At L3Harris After Kubasik Forced Out Due To Conduct

Business/Financial

Lockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback

Business/Financial

Saildrone Adding Factories In Europe To Support USV Growth

Business/Financial

Castelion Raises $1 Billion To Produce Hypersonic Weapon Sooner, Develop New Weapons

Trending

Army Eyes Plans To Begin Production Of New T901 Helicopter Engine By 2031
Space Force PAE For Infrastructure Completing Move To Colorado Springs
X-Bow Planning Flight Test Of Low Cost Interceptor For MDA In Early 2028
Anduril Says 2nd CCA Exercise With Air Combat Command’s EOU Featured Multiple Daily Sorties Of YFQ-44A
Golden Dome’s Space-Based Interceptor Competition Passes First Test; Homeland System Needs AI

Congress Updates

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. 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