Northrop Grumman says its third quarter profit has risen 62 percent as its Gulf shipyards recover from 2005’s Hurricane Katrina and acquisitions boosted sales.
Northrop says sales growth was the fastest since the fourth quarter of 2004, led by a 19 percent surge at the company’s ship unit, where profit on ships more than doubled.
Go deeper with GlobalData
Net income increased to US$489m, up from US$302m for the same period last year, while sales rose 6.7 percent to US$7.93bn.
Northrop says earnings per share are expected to increase to US$5.10 for 2007, but its overall sales forecast remains steady at US$31.5 mn.
By staff writer
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
