Welcome to Episode 47 of the third series of The Weekly Defence Podcast. Listen on Apple Podcasts, Google Podcasts, Spotify and more.
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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