Northrop Grumman Space Business Post Revenues Gains
[Satellite Today – 1-28-08] Revenues for Northrop Grumman Corp.’s Space Technology division increased by 14 percent to $860 million in the fourth quarter and by 17 percent for the year, the company reported Jan. 24.
Higher sales volume in both periods primarily was driven by higher volume for restricted programs and civil systems, partially offset by lower volume in the Advanced Extremely High Frequency program. The improvement in fourth quarter operating margin and margin rate was due to higher volume as well as improved performance on satellite communications programs. For 2007, the increase in operating margin primarily was due by higher volume.
Overall, Northrop Grumman reported a 16 percent increase in profit for the year to $1.8 billion on $32 billion in revenues.