Northrop Grumman Corp NOC

Industrials Aerospace & Defense

Northrop Grumman Corporation is a global aerospace and defense technology company. The Company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment is engaged in the design, development, production, integration, sustainment and modernization of advanced aircraft systems for the United States Air Force, the United States Navy, and international customers. The Defense Systems segment is engaged in the design, development, production, integration, and production of advanced tactical weapons and missile defense solutions, and a provider of sustainment, modernization and training services for manned and unmanned aircraft and electronics systems. The Mission Systems segment is engaged in advanced mission solutions and multifunction systems. The Space Systems segment is engaged in the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems.

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Northrop Grumman Corp

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Post by bc4uon Oct 24, 2012 9:26am

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Post# 20517454

Northrop Grumman Reports Third Quarter 2012 Financ

Northrop Grumman Reports Third Quarter 2012 Financial Results

- EPS from Continuing Operations of $1.82

- Guidance for 2012 EPS from Continuing Operations Increased to $7.35 to $7.40

- Cash Provided by Operations of $812 Million and Free Cash Flow of $748 Million

- Guidance Increased for 2012 Cash Provided by Operations and Free Cash Flow

- Sales Total $6.3 Billion

- 4.4 Million Shares Repurchased

FALLS CHURCH, Va., Oct. 24, 2012 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE: NOC) reported third quarter 2012 earnings from continuing operations of $459 million, or $1.82 per diluted share, compared with $520 million, or $1.86 per diluted share, in the third quarter of 2011. The change in earnings and earnings per share is largely due to a $66 million decrease in net pension income in the 2012 third quarter. On a pension-adjusted basis, earnings per diluted share from continuing operations increased 6 percent to $1.73 from $1.63. During the third quarter the company repurchased 4.4 million shares of its common stock for approximately $290 million. Year to date through Sept. 30, 2012, the company has repurchased 13.6 million shares of its common stock, and $2.0 billion remains on its current share repurchase authorization.

"Our focus on performance, effective cash deployment, and portfolio alignment continues to create value for our shareholders, customers and employees. We are working closely with our customers to bring innovative, affordable solutions to support their needs in today's fiscally constrained environment," said Wes Bush, chairman, chief executive officer and president.

Table 1 — Financial Highlights

https://investor.northropgrumman.com/phoenix.zhtml?c=112386&p=irol-newsArticle&ID=1749194&highlight=

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