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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