1417 ET - Northrop Grumman's space-systems business weighed down the defense contractor's top line in 4Q. The segment took an expected hit from the wind-down of a restrictive program and Next Generation Interceptor projects, CEO Kenneth Crews says on a call with analysts. In 2025, the unit is expected to post sales of about $11 billion, including a $900 million headwind from those programs. This will occur mostly in the first half of the year, he says. "We expect space to contribute to growth or return to growth towards the end of 2025, and then continue that expansion into 2026." Shares fall 1% after the company releases its 4Q earnings. (connor.hart@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 14:17 ET (19:17 GMT)
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