Northrop Grumman Keeps 2013 Outlook Amid Cuts as Profit Falls

Northrop Grumman Keeps 2013 Outlook Amid Cuts as Profit Falls

SeongJoon Cho/Bloomberg

Northrop Grumman Corp., the maker of Global Hawk surveillance drones, has divested low-margin businesses such as shipbuilding and reduced its workforce in anticipation of federal budget cuts.