Friday, July 30, 2021

Northrop reports +3% revenue

Northrop Grumman (NOC) reported a 3 percent increase in overall revenue for the 2Q of FY 2021 that came in at $2.7B. Revenue for the mission systems segment grew 6 percent to $2.6B, according to its financial statement. NOC expects FY-21 sales of up to $36.2B, with an outlook of earnings at $24.40-to-$24.80 per share (FY-20 earnings: $24.00-to-$24.50). (Source: GovWire 07/30/29/21) Gulf Coast NoteNorthrop Grumman has at least three Gulf Coast locations: Two in Mississippi in Iuka and Moss Point; and in Lake Charles, La.

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