Northrop Reaffirms Financial Guidance
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Northrop Grumman Corp. confirmed its financial guidance given in July ahead of a series of meetings with key investors this week.
The Los Angeles aerospace and defense contractor said it expects 2001 sales of more than $13 billion, rising to $16 billion in 2002 and $18 billion in 2003. The company, which acquired Litton Industries this year, said it would post earnings per share of $6.20 to $6.50 in 2001, with double-digit earnings growth in the following two years.
Northrop shares were up 34 cents at $81.94 on the NYSE.
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