Cybersecurity
Northrop Beats Profit Estimates in Prelude to Bomber Bid
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Northrop Grumman Corp., vying with two larger defense contractors for a U.S. bomber contract to be awarded this year, predicted a 2015 profit that exceeded analysts’ estimates.
The stock climbed on the news, gaining the most since Dec. 5 to snap a streak of four straight declines. Military contractors have rallied on increasing global instability and the prospect for rising sales of missiles, drones and other weapons.