No Plans to Trim Northrop Dividend: Northrop...
From Times Staff and Wire Reports
No Plans to Trim Northrop Dividend: Northrop President Kent Kresa told securities analysts earlier this week that the company does not expect to reduce its dividend, as some investment experts have anticipated. Kresa said the firm’s financial forecasts “support our intention and our ability to maintain the dividend.” Kresa also said recent congressional funding of two B-2 Stealth bombers in the fiscal 1990 budget represents a “significant funded demonstration that production of the B-2 is going ahead.” The Pentagon had sought funding for three B-2s originally.
