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Northrop Grumman beats profit and sales expectations, raises outlook

“Revenue grew to $6.74 billion from $6.41 billion, beating the FactSet consensus of $6.63 billion, as higher sales in aerospace systems and mission systems offset lower sales at technology services” writes Reporter Editor for The stock has rallied 11.3% year to date, while the S&P 500 SPX, -1.34% has lost 1.5%.The aerospace and defense contractor said the first-quarter tax rate declined to 15.2% from 17.5%.

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