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Industry

Northrop Grumman sales up ahead of Orbital ATK merger

26 January 2018

Northrop Grumman has reported that it received strong sales across all of its business lines in 2017, with a 5% sales increase year on year, which it is expecting will rise further in 2018.

The company recorded sales of about USD25.8 billion, which it expects will grow to approximately USD27 billion in 2018, with focuses including the pending acquisition of Orbital ATK and an increase in capital investment expenditure.

Capital investment in the company is the highest priority of the company’s capital deployment strategy, it said, and this will rise from USD900 million in 2017 to USD1 billion this year.

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