Northrop Reports Higher Sales, Reduced Margins In Q2
Northrop Grumman saw sales rise in the second quarter but margins fell, particularly in Space Systems.
Credit: designer491/Alamy Stock Photo
Northrop Grumman’s sales rose 9% year-on-year to $9.6 billion in the second quarter while earnings-per-share (EPS) fell to $5.34 from $6.06 a year ago. Compared to the second quarter of 2022, lower reimbursement from the government for pension costs negatively impacted EPS—though that was partially...
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