- Northrop Grumman (NOC) segment revenue fell off in Aerospace, Information Systems, and Technical Services while Electronic Systems poked out a 4% Y/Y gain in Q3.
- Operating income in Aerospace jumped higher due to adjustments tied to the space program and manned military aircraft program.
- Total backlog at the end of the quarter was $37.5B, reflecting some delayed government orders. (PR)
- NOC +0.5% premarket
Sales down but profits up at Northrop Grumman
Oct 23 2013, 07:34 ET