Kistler write-off costs Northrop Grumman $20 million
Northrop Grumman's 1998 earnings were cut another $20 million to $194 million following a $30 million write-off related to an investment in Kistler Aerospace Corp.'s K-1 reusable space launch vehicle program, Northrop Grumman reported yesterday. The write-off goes in the 1998 fourth quarter, leaving...
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