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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

DryShips: Public Offering of Its Senior Secured Notes

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.3759 sec (3 req/sec)