Northrop Grumman Confirms Financial Guidance
Wednesday, 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.