Northrop sees Q4 loss on $3B acquisition charge

02/4/2009 |

Forced to write down the value of earlier acquisitions, Northrop Grumman Corp. on Tuesday reported a loss of $2.54 billion for the fourth quarter. Without a $3.06 billion charge for goodwill impairment related to the acquisition of TRW Inc. and Litton Industries Inc., Northrop would have seen a quarterly profit of $524 million. For 2009, Northrop is forecasting sales of $34.5 billion and profits of $4.50 to $4.75 per share.

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