Summary Box: Northrop Grumman 3Q profit rises

AP News
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Posted: Oct 27, 2010 1:14 PM
Summary Box: Northrop Grumman 3Q profit rises

THE QUARTER: Better than a year ago, and better than analysts expected. Net income was $497 million.

THE PENSION: Northrop Grumman Corp. accelerated voluntary contributions to its pension plan in 2010, and it says it may make another big contribution early next year.

WHAT'S NEXT: The company says it is waiting for its customers _ mostly, the Pentagon _ to make decisions on several big weapons programs.