Northrop faces near-term margin headwinds, but will continue to deliver solid growth and cash flow.
Wide-moat Northrop Grumman closed its acquisition of Orbital ATK late in the second quarter, standing up the firm as a new unit christened Innovation Systems on June 7. Controlling for the acquisition, Northrop increased second-quarter revenue 4% year over year and consolidated operating margins declined 100 basis points to an estimated 12.5% (reported margins fell about 190 basis points to 11.6%). Management stuck with its 2018 guidance but did move up its earnings per share outlook to a midpoi...Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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