More on Northrop Grumman's (NOC) Q2: Revenue comes in at $6.294B, beating estimates by $314M....

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

More on Northrop Grumman's (NOC) Q2: Revenue comes in at $6.294B, beating estimates by $314M. Operating margin rises 50 basis points Y/Y, operating income is up 4%. Revenue growth by segment: Aerospace, 9%; Electronic Systems, 2%; Information Systems, -9%; Technical Services -8%. The aerospace unit benefits from "higher volume for manned [and] unmmaned military aircraft." The "current U.S. government budget environment" contributes to a decrease in total backlog of $3.1B since December. FY13 guidance: $7.60-7.80/ share (well above consensus) on $24.3B in sales. Shares +3.1% premarket. (PR)