Northrop Grumman 3Q report

Northrop Grumman Corp. reported that third quarter 2009 earnings from continuing operations totaled $487 million compared with $509 million in the third quarter of 2008. Third quarter 2009 net pension adjustment reduced earnings from continuing operations by $47 million compared with an increase to earnings from continuing operations of $42 million in the third quarter of 2008. (Source: Northrop Grumman, 10/21/09) Gulf Coast note: Northrop Grumman has shipbuilding operations in Pascagoula and Gulfport, Miss., and Avondale, La.