Grumman Corp.: The conglomerate reported that its...
From Times Staff and Wire Reports
Grumman Corp.: The conglomerate reported that its first-quarter net income increased 37% to $22.5 million, compared to the year-ago period. Sales rose 2% to $981.6 million. The Bethpage, N.Y., firm cited increased sales and profit in aircraft spare parts and support equipment, and a strong performance in its information segment. Net income also included the release of $30.7 million of non-operating reserves no longer required.
