Sign In
Search
Business/Financial

Operations Lead Northrop Grumman To Strong First Quarter Results

Cal Biesecker By
SHARE:
Operations Lead Northrop Grumman To Strong First Quarter Results
Northrop Grumman in November 2023 flew the B-21 stealth bomber for the first time (Northrop Grumman Photo)

Northrop Grumman [NOC] on Thursday reported strong first quarter results driven by gains across its operating segments, particularly Aeronautics Systems, which benefited from work on fighter and unmanned aircraft. Net income increased 12 percent to $944 million, $6.32 earnings per share (EPS), from $842 million ($5.50 EPS) a year ago, smashing consensus estimates of $5.78 per share. Sales increased 9 percent to $10.1 billion from $9.3 billion. Aeronautics Systems enjoyed strong double-digit growth in revenue and operating profit driven by…

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

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

SAIC Acquires Cybersecurity Firm Information Security Corporation

Business/Financial

Australian Navigation Company To Begin Manufacturing In U.S.

Trending

Anduril Nabs Potential $1.8 Billion Army Deal To Support ‘Corps-Scale Fielding’ For NGC2
Defense Watch: Possible MUSV Lease, CBO and Golden Dome, X-BAT Sites
Army Picks Initial 30 Finalists For Low-Cost Interceptor Demonstrations
USAF Looks for Long-Range Communications Drones Deployable from AFSOC Fixed Wing Platforms
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

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