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Northrop Grumman’s Earnings, Sales Slip In Fourth Quarter

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By Calvin Biesecker Northrop Grumman [NOC] yesterday posted lower net earnings in the fourth quarter due to a debt retirement charge and a lack of income from its discontinued operations, which helped boost the bottom line a year ago. The company's sales were also down in the quarter due to three fewer working days in the reporting period and less volume on certain programs in its Electronic Systems, Aerospace Systems and Information Systems segments. Net income fell 9 percent to…

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