Q3 revenues grow but air programme sales abate for Northrop Grumman
Northrop Grumman saw sales in its Aeronautics division dip by 6% year on year to $2.72 billion in Q3 2021, citing lower activity on ‘manned aircraft and autonomous systems, including restricted programmes'.
Overall, Northrop Grumman saw year-on-year organic sales grow by 3% in Q3 to reach $8.7 billion.
Northrop Grumman Defense Systems saw Q3 sales fall by 24% year on year to $1.41 billion, mainly due to the divestment of its IT services business.
However, activity increased for Mission Systems in programmes such as the Ground Based Strategic Deterrent, which also contributed to a 22% sales increase in the Space Systems division.
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