Northrop Grumman raises full-year earnings forecast

Wed Oct 24, 2012 7:13am EDT

Oct 24 (Reuters) - Defense equipment maker Northrop Grumman Corp reported a lower quarterly profit, mainly due to a $66 million fall in net pension income, but the company raised its full-year earnings forecast.

Northrop, which builds Global Hawk unmanned surveillance planes, radars and electronic systems, now expects full-year earnings of between $7.35 and $7.40 per share, up from its prior view of between $7.05 and $7.25 per share.

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