Northrop Grumman [NOC] on Thursday posted lower net income in its fourth quarter stemming from a new tax reform law that went into effect on Jan. 1 and a discretionary pension contribution but the company said that lower taxes will result in benefits to employees, investors and capital investments.Net income dived 66 percent to $178 million, $1.01 earnings per share (EPS), from $525 million ($2.96 EPS) a year ago, due to $300 million ($1.71 EPS) in tax expense related to…
By