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Naval spending boosts sales for aircraft maker

Los Angeles, USA - In the first quarter the group registered a sales rising

Northrop Grumman Corp., created by the merger of two old and well-known aircraft manufacturers, said yesterday that sales rose sharply in the first quarter - largely the result of a relatively new business: Navy ships. The Los Angeles-based company said first-quarter sales increased 21%, to USD 7.1 bn, compared with the same period last year. However, net income was USD 232m, down from USD 253m in...

AVIONEWS - World Aeronautical Press Agency - 62879

AVIONEWS - World Aeronautical Press Agency
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