Defense contractor Northrop Grumman today reported second-quarter sales of $9.6 billion, a 3.2% increase from the previous quarter and a 9% increase from Q2 2022. However, net income saw a 14.2% year-over-year dip to $812 million, a 3.6% reduction from Q1 2023. WHY IT MATTERS: In its investor letter, Falls Church, Va.-based Northrop (NYSE: NOC) […]