Northrop Reports Higher Sales, Reduced Margins In Q2

Northrop Grumman saw sales rise in the second quarter but margins fell, particularly in Space Systems.

 

Credit: designer491/Alamy Stock Photo
Northrop Grumman’s sales rose 9% year-on-year to $9.6 billion in the second quarter while earnings-per-share (EPS) fell to $5.34 from $6.06 a year ago. Compared to the second quarter of 2022, lower reimbursement from the government for pension costs negatively impacted EPS—though that was partially...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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