747 cut forces Northrop Grumman to take pre-tax charge

1999-01-13T00:00:00

Northrop Grumman is taking a pre-tax charge of $125 million in the fourth quarter of 1998, mainly because of a reduction in deliveries of fuselages for the Boeing 747-400 programme. A $20 million charge was also taken to cover a cost estimate increase on the Directional Infrared Countermeasures (DIRCM) programme.

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