Defense, Space Systems Fuel Northrop’s First-Quarter Sales
E-2C Hawkeye
Credit: Hideo Kurihara/Alamy Stock Photo
Northrop Grumman’s sales rose 6% annually to $9.3 billion in this year’s first quarter, buoyed by strong demand for defense and space systems. That amount beat the average estimate by analysts of $9.17 billion, data from Refinitiv show. With net income of $842 million, Northrop’s profit of $5.50 per...
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