April 26 U.S. weapons maker Northrop Grumman
Corp reported a 15.1 percent rise in quarterly profit,
helped by higher sales in its aerospace systems business, which
makes the center sections of the F-35 fighter jets.
The company's net earnings rose to $640 million, or $3.63
per share, in the first quarter ended March 31, from $556
million, or $3.03 per share, a year earlier. (bit.ly/2q6NHam)
Adjusted for pension costs, Northrop's earnings were $3.13
per share, compared with $2.77 a year earlier.
Total sales rose 5.2 percent to $6.27 billion.
(Reporting by Ankit Ajmera in Bengaluru and Mike Stone in
Washington; Editing by Saumyadeb Chakrabarty)