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.

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