Northrop Cuts Expected Gain From Share Sale

Northrop Grumman Corp., the world’s largest warship builder, lowered its expected first-quarter gain on the sale of shares of TRW Automotive Holdings Corp. by 34% to $45 million.

The gain of 12 cents a share is lower than the projection of $70 million, or 19 cents, made March 10 when the share sale was announced, Century City-based Northrop said.

Northrop shares rose 12 cents to $52.50 on the NYSE.