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Northrop Grumman Turns In Strong Operating Results To Close 2007

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By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong profit gains in each of its business sectors due to higher sales and improved performance although net income was flat due to a substantial gain recorded a year ago on the sale of stock in TRW Automotive [TRW]. All four of the company's segments posted double-digit increases in operating earnings, led by the Ships business, which boosted profits by 18 percent to $142 million on a 19 percent increase in sales…

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