Northrop posts 4th-quarter loss on $3 billion charge
Posted February 02, 2009 10:00 pm
LOS ANGELES -- Northrop Grumman Corp. says it posted a fourth-quarter loss, hurt by a $3.06 billion charge connected to past acquisitions.
The maker of military aircraft and ships with a defensive systems division in Rolling Meadows says it posted a loss of $2.54 billion, or $7.76 per share, in the latest quarter. It earned $457 million, or $1.32 per share, in the same period last year.
Excluding the charge, Northrop says it earned $524 million, or $1.57 per share in line with Thomson Reuters forecast of $1.55 per share.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.