Northrop Grumman: in loss in the 4th quarter


(CercleFinance.com) – Northrop Grumman reveals a net loss of $3.54 per share for the fourth quarter of 2023 (compared to EPS of $13.46 a year earlier), weighed down by a pre-tax charge of $1.56 billion linked to a contract won from the US Air Force in 2015.

At more than $10.6 billion, revenues increased 6% thanks to the aeronautical (+6%) and space (+10%) systems divisions, while its order backlog grew to reach $84.2 billion. dollars at the end of 2023.

Northrop Grumman targets 2024 adjusted EPS of between $24.45 and $24.85, as well as revenue of between $40.8 and $41.2 billion, compared to $13.53 and $39.3, respectively. billion over the past financial year.

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