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Sales down but profits up at Northrop Grumman

  • 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
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