A decline in pension income coupled with lower sales drove Northrop Grumman’s [NOC] earnings down in the second quarter but strong operating performance coupled with a bright outlook for the rest of the year led the company to boost its earnings and cash flow guidance for 2012. However, uncertainty reigns beyond 2012. Even if the looming specter of deep cuts to defense spending beginning in January from a potential budget sequestration is cast aside, an ongoing continuing budget resolution that…
Northrop Grumman’s Earnings Fall On Pension Costs But 2012 Outlook Brightens
Defense Daily Staff
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