Northrop Profit Jumps 6% for 4Q, Full 2014 Fiscal Year

northrop Grumman_BLUENorthrop Grumman (NYSE: NOC) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014.

The Falls Church, Va.-based aerospace and defense contractor reported a 6-percent increase in profit for the quarter to $506 million from the prior year period.

Profit also grew 6 percent for the full year to $2.7 billion over 2013 figures and the company also said it backlog at the end of its fiscal year was $38.2 billion, a 3.24 percent increase from the 2013 figure.

Northrop also said its aerospace systems segment recorded a 4-percent growth in revenue for the quarter to $2.53 billion.

You may also be interested in...


GAO Wants Transcom to Address Procurement Issues in Military Household Goods Shipping Contract

The Government Accountability Office has recommended that U.S. Transportation Command address the deficiencies in its procurement process that resulted in the award of the potential $7.2B Global Household Goods Contract to American Roll-on Roll-off Carrier Group, Military Times reported Thursday.

Michael Hartenstein Director LexisNexis Risk Solutions

Secret Service Vet Michael Hartenstein Takes Director Role at LexisNexis Risk Solutions

Michael Hartenstein, a 22-year veteran of the U.S. Secret Service, has joined LexisNexis Risk Solutions as director of federal public safety business development. Hartenstein will oversee the development of strategic customer plans and support the creation of service offerings for public safety and law enforcement agencies, LexisNexis Risk Solutions said Thursday.