Northrop Grumman Reported Second Quarter 2019 Net Sales of $8,5 Bn

FALLS CHURCH, (BM) – Northrop Grumman Corporation (NYSE: NOC) reported second quarter 2019 sales increased 19 percent to $8.5 billion from $7.1 billion in the second quarter of 2018, learned, according company statement.

Second quarter 2019 net earnings increased9 percent to $861 million from $789 million in the second quarter of 2018, and diluted earnings per share increased 12 percent to $5.06 from $4.50, reflecting net earnings growth and a 3 percent reduction in weighted-average diluted shares outstanding.

“We had a strong second quarter fueled by new business captures, sales growth and operating performance,” said Kathy Warden, chief executive officer and president. “Our portfolio is well aligned to our customers’ needs and we see continued demand for our products, as evidenced by our growing sales and backlog. Our continued focus on profitable growth, operational efficiency and agility is generating value for our shareholders”.

See the full financial report – Northrop Grumman Second Quarter Report

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Source: Northrop Gruman