1. Northrop Grumman reported $33.9 billion in sales for 2008, up 6 percent over sales of $31.8 billion in 2007rn2. With the economy dominating political thinking, defense spending has begun to tightenrn3. Despite the current recession, Northrop Grumman so far remains well positioned with current and emerging defense prioritiesrn4. Company's management remains shrewd and proficient at adapting to - and capitalizing on - the ever-dynamic defense market.rnNorthrop Grumman was formed in the mid-1990s during a massive wave of defense industry consolidation. Today, this integrated corporation consists of numerous businesses that have shaped the company into one of the world's largest defense firms.
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