“I’m very pleased to report that, as we continue to successfully integrate IS, we are on target for cost and operational synergies and trending favorably on revenue synergies,” said Kathy Warden, president and CEO of Northrop and a 2019 Wash100 winner.
Warden added the company did not experience a significant financial impact from the 35-day partial government shutdown.
The officials made the remarks after Northrop reported for the first time the revenue and profits from Orbital ATK, which nows operates as the Innovation Systems segment of the Falls Church, Va.-based company.
Northrop saw its 2018 full year sales climb to $30B compared with $26B posted the previous year. The company generated $3.78B in operating income in the past year, up from $3.22B in 2017.
Also in 2018, the IS segment gained $3.28B in sales and $343M in operating income.