Northrop Grumman reported Tuesday that its first quarter profits fell 12.5 percent, as the Hurricane Katrina’s aftermath led to reduced shipbuilding sales in the company’s Gulf Coast operations. The company, the country’s third largest defense contractor, reported net income of $358 million for the three months that ended March 31, down from $409 million in profits for the same quarter in 2005.
Green Marine
about 20 years ago
Katrina blows away Northrop’s 1Q profits
Northrop Grumman reported Tuesday that its first quarter profits fell 12.5 percent, as the Hurricane Katrina’s aftermath led to reduced shipbuilding sales in the company’s Gulf Coast operations. The company, the country’s third largest defense contractor, reported net income of $358 million for the
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: