Posted inCommercial

Classified Space Work Helps Boost Northrop’s Earnings

Northrop Grumman Aerospace Systems posted higher sales and profits for the second quarter of 2010 due in part to increased volume on unspecified classified space programs, according to a July 29 filing with the U.S. Securities and Exchange Commission.

The Los Angeles division earned $335 million in profit on sales of $2.8 billion for the quarter that ended June 30, up 30 percent and 6 percent, respectively, compared with the same period in 2009. Sales from the company’s space systems division were up $49 million, and the company was also bolstered by stronger sales in manned and unmanned military aircraft programs.