Charges take big bite from 1994 net earnings at Northrop Grumman
Net earnings tumbled nearly two-thirds at Northrop Grumman for 1994 at the hands of two pre-tax charges for early retirements and excess assets that totalled $324 million. The company earned $35 million on $6.7 billion in sales for the year, versus $96 million earned on $5.1 billion in 1993. But...
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