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Wednesday, October 22, 2014

Northrop Grumman sees rise in foreign sales to 13 percent in 2014, (NYSE: NOC)

U.S. weapons maker Northrop Grumman Corp said international sales would account for 13 percent of total revenues in 2014, up from 10 percent in 2013, and should continue growing in coming years. Northrop Grumman Chief Executive Wes Bush told analysts the company saw good prospects for foreign sales of its Global Hawk unmanned, high-altitude surveillance planes, the Triton unmanned system built for use over oceans, and the E-2D airborne warning and control aircraft, as well as Northrop-built radars.

Northrop Grumman Corporation (Northrop Grumman) provides products, services, and integrated solutions in aerospace, electronics, information and services to its global customers. Shares of NOC fell by 0.77% or $-0.971/share to $125.16. In the past year, the shares have traded as low as $102.25 and as high as $134.24. On average, 1038140 shares of NOC exchange hands on a given day and today's volume is recorded at 1129279.