Northrop Grumman headquarters in Falls Church, Virginia. Photo: Northrop Grumman.
Northrop Grumman’s Space segment saw sales increase 29% in the first quarter of 2021, the company reported Thursday. Sales were $2.5 billion in Q1 of 2021, up from $1.9 billion in the same quarter last year.
According to the company, Launch & Strategic Missiles sales increased due to ramp-up on Ground Based Strategic Deterrent (GBSD) and higher volume on hypersonics programs. Space sales were driven by higher volume on restricted programs, NASA Artemis programs, and the Next Generation Overhead Persistent Infrared Radar (Next Gen OPIR) program.
Operating income for the Space segment also increased $74 million, or 37 percent, due to higher sales volume and a higher operating margin rate.
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