Northrop sales up
PASCAGOULA - Northrop Grumman Corporation saw fourth quarter income from continuing operations rise 62% to $296 million, or $0.81 per diluted share, when compared to the same period in 2003. Sales during the quarter were $7.8 billion, up 10% over the comparable period in 2003.
Northrop's ships
Ronald D. Sugar, chairman, president and CEO of Los Angeles-based Northrop, said, "in 2005, we expect to grow sales between $31 billion and $31.5 billion, increasing earnings per share from continuing operations of $2.2 billion to $2.5 billion. We plan to continue to execute a balanced cash deployment strategy aimed at maintaining growth and increasing value for our shareholders."
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