Katrina to cost Northrop Grumman $1 billion in 2005, company says
Northrop Grumman Corp.'s shipbuilding woes from Hurricane Katrina landed on Wall Street Oct. 10 as the company said it now expects 2005 revenue to be off by about $1 billion, while earnings could be down roughly 40 cents a share due to damage to its Ships Systems unit on the Gulf Coast. As a result...
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