Litton Industries Inc.: Net income for the...
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Litton Industries Inc.: Net income for the second quarter ending Jan. 31 was $40.3 million, a 10% decline from a year earlier. Revenue totaled $1.3 billion, a 1% decrease. The earnings drop reflected lower profits in Litton’s electronics and assembly line-building divisions. The Beverly Hills-based company provides defense systems and industrial automation systems.
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