
Northrop Grumman [NOC] on Thursday said it swung to a profit in the fourth quarter on a pension-related benefit and because year ago results were hit by a charge on the Air Force’s B-21 stealth bomber program. Net income of $1.3 billion, $8.66 earnings per share (EPS) compared to a loss of $535 million ($3.54 EPS) a year ago when the company took a nearly $1.2 billion after-tax charge on the B-21 due to macroeconomic factors for the first five…