Defense contractor Northrop Grumman today reported fourth-quarter 2023 sales of $10.6 billion, a 6% year-over-year increase. Sales for FY23 jumped 7% from FY22 to $39.3 billion, driven primarily by Northrop’s Space Systems business segment, which generated $3.6 billion in Q4 sales and $13.9 billion in sales for the year. WHY IT MATTERS: Company backlog for […]