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Space Business Leads Northrop Grumman To Strong Second Quarter

Cal Biesecker By
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Space Business Leads Northrop Grumman To Strong Second Quarter
Northrop Grumman Chair, President and CEO Kathy Warden. Photo: Northrop Grumman

Northrop Grumman [NOC] on Thursday reported strong second quarter financial results led by a number of programs in its Space Systems and Mission Systems segments and the company again raised its top and bottom-line guidance for the year. Net income increased 3 percent to $1.04 billion, $6.42 earnings per (EPS) from $1.01 billion ($6.01 EPS) a year ago, smashing consensus estimates of $5.85 by 57 cents per share. Federal taxes were higher in the quarter. Sales also increased 3 percent…

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