Marine Link
Wednesday, September 28, 2016

Northrop Grumman Confirms Financial Guidance

December 19, 2001

Northrop Grumman Corporation said today that it will confirm previously announced financial guidance in a meeting with investors on December 20. The financial guidance reflects the acquisition of Newport News Shipbuilding, and the issuance of common stock and equity security units of approximately $1.45 billion. The company will confirm the following guidance: -- Sales in 2001 of approximately $13 billion -- Sales in 2002 of approximately $18 billion -- Sales in 2003 of approximately $20 billion -- Economic earnings per share of $5.80 to $5.95 in 2001, $6.60 to $7.10 in 2002, with double-digit growth in 2003. -- Cash generated from operations in 2002 is expected to be in the range of $800 million.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News