Northrop Grumman sales climb 18% to record $8.1 billion
Northrop Grumman Corp. said its 1996 sales climbed 18% to a record $8.1 billion, but that profits fell 7% from the previous year primarily because of a charge related to plant closures. Net income fell from $252 million in 1995 to $234 million in 1996, as the company incurred a pretax charge of $90...
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