Northrop Grumman Corp

NOC: XNYS (USA)
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Northrop Grumman Earnings: B-21 Program Charge Clouds Positive Long-Term Outlook; Shares Undervalued

Northrop Grumman's first-quarter sales declined 7% year over year to $9.5 billion, led by slower work on the B-21 bomber and winding down a few space programs. The company also booked future costs of $477 million in the B-21 program as it adapted production to tool up for future rate increases.

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