Northrop (NOC) Beats on Q2 Earnings, Ups '24 Sales View

Backlog Count The unit's operating income totaled $295 million compared with$278 million in the second quarter of 2023. Its operating margin, however, deteriorated 70 basis points (bps) to 10%. The unit's operating income rose 23% year over year to $206 million. The operating margin expanded 180 bps to 13.5$2.96 billion rose 14.2% year over year due to higher restricted sales, higher volumes from the Triton program, as well as ...