Northrop Grumman Crop. says its first-quarter profit increased 20 percent with sales starting to pick up.
The aerospace and electronics manufacturer on Wednesday reported income of $469 million, or $1.53 a share, for the first three months of the year. That compares with $389 million, or $1.17 a share, in the same period last year.
Revenue increased 9 percent to $8.61 billion.
Analysts expected earnings of $1.32 a share on revenue of $8.07 billion.
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