Seeking Alpha

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
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs