Northrop Grumman Earnings: Despite a Few Blips in Second Quarter, Shares 19% Undervalued
Northrop Grumman's second-quarter sales grew 5% to $10.9 billion, while segment operating margin dipped below 10.6% margin in the quarter. The company wrote down increased costs to develop two guided missile programs and an extended solid rocket booster, which hampered profitability in the period.