Northrop Grumman to Present at Conference

Monday, May 05, 2003
Northrop Grumman will present May 6 at the 2003 Aerospace & Defense Finance Conference sponsored by Credit Suisse First Boston/Aviation Week in New York City. The presentation by Ronald D. Sugar, Northrop Grumman chief executive officer and president, will be webcast at http://www.northropgrumman.com beginning at 3:15 p.m. EDT. The company will confirm the following financial guidance: 2003 earnings from continuing operations are expected to range between $3.80 and $4.20 per share. Segment operating margin for 2003 is expected to be in the mid-7 percent range on estimated sales of $25 billion to $26 billion. Before the B-2 tax payment, cash from operations for 2003 is expected to be between $1.1 billion and $1.3 billion. Capital expenditures for 2003 are expected to be approximately $690 million, including approximately $60 million for capitalized software. For 2004, sales are expected to range between $28 billion and $29 billion, with segment operating margin expected to continue in the mid-7 percent range. Cash from operations for 2004 is expected to total approximately $1.5 billion. The company expects solid double-digit earnings per share growth in 2004.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB").

UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1092 sec (9 req/sec)