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Northrop Grumman reports ‘strong’ fourth quarter

31 January 2020
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Northrop Grumman's sales rose 7% to USD8.7 billion in the fourth quarter of 2019, as gains in three of the company's four business segments more than offset a decline in the fourth.

Northrop Grumman's operating income totalled USD1.1 billion in the fourth quarter, up 20% from the same period in 2018, the US-based defence contractor said on 30 January.

"We had a strong fourth quarter and good finish to the year," said Kathy Warden, Northrop Grumman's chairman, CEO, and president.

At Aerospace Systems, sales rose 10% to USD3.5 billion mainly due to higher volume in classified programmes. Several other programmes, including the E-2D Advanced Hawkeye command-and-control aircraft and the F-35 Lightning II Joint Strike Fighter, also contributed to the growth.

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