Northrop Grumman 1Q report

LOS ANGELES - Northrop Grumman Corp. reported that first quarter 2009 earnings from continuing operations increased 48 percent to $389 million compared with $263 million in the first quarter of 2008. First quarter 2008 earnings were reduced by a pre-tax charge of $326 million in the company's Shipbuilding sector. (Source: Northrop Grumman, 04/22/09) Gulf Coast note: Northrop Grumman has multiple operations along the Gulf Coast.