Author: Jane Edwards|| Date Published: July 31, 2018
Wes Bush
Northrop Grumman (NYSE: NOC) posted $7.1 billion in sales for the second quarter of fiscal 2018, up 10 percent from the same period last year.
The company said Monday it recorded $689 million in Q2 net earnings, showing a 24 percent increase from the prior year period, and saw its backlog rise to $52.2 billion in the last quarter.
Wes Bush, Northrop chairman and CEO and a four-time Wash100 recipient, said he believes the company continues to build up its œfoundation for long-term profitable growth through the addition of innovation systems business “ formerly Orbital ATK ” to the portfolio, dividend increases and share repurchases.
Northrop™s aerospace systems segment saw its sales rise 11 percent to $3.3 billion for the second quarter of 2018, driven by the F-35 program, higher volume for restricted operations and increase in sales of autonomous systems.
The company™s innovation systems business recorded $400 million in Q2 sales, while the mission systems segment™s Q2 revenue climbed 1 percent due to higher sales for sensors, F-35, Scalable Agile Beam Radar and communications programs.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
