9/20/2023 0 Comments Salomon smith barney logoOn the upside, a Chinese economy on the ropes could provide us with much-needed inflation relief through falling Chinese export prices and lower international oil and food prices. The country’s problems could have a material impact here in America, not least because China is the world’s second-largest economy and until recently was the world economy’s main engine of growth. Recently, the Chinese economy has “officially” dropped to 4% to 6% in growth. It’s a misguided effort to boost domestic and foreign confidence, limit capital flight and prevent the economy from slipping into a deflationary downward spiral. They are instructing their local analysts, and they are putting pressure on the foreign investment banks, not to make negative comments on the economy. So bad that the Communist authorities are resorting to new sleight of hand. So how bad must the Chinese economy be that even the “official” numbers have dropped to 4% to 6%? Little wonder then that many Wall Street analysts believed the country’s economy was growing much more slowly than the official numbers purported it to have done. Like the infamous Bernie Madoff, who fictitiously reported stellar returns each year no matter what really happened to his investments, the Chinese government reported 7% to 8% growth each year no matter what really happened to the economy. Not so long ago, China’s economy was known on Wall Street as the Madoff economy. Michigan EV plant’s work retreat features Red Army outfits, pledges to ‘fight for communism’Ĭhinese illegal migrant numbers boom under Biden as Beijing tensions grow Various risk factors are set out in Northrop Grumman's filings from time to time with the Securities and Exchange Commission, including, without limitation, Northrop Grumman reports on Form 10-K and Form 10-Q and the company's most recently filed amendment to Form S-4.Commerce secretary on email hack before China visit: ‘ I didn’t pull any punches’Ĭhina engages in ‘asymmetric warfare’ to influence US public opinion, former NSA boss says 31, 2003, may differ from the estimates included herein. Final valuations and allocations, which are expected to be completed by Dec. These estimates are based on preliminary estimates of the fair market value of the assets acquired and liabilities assumed and the related allocations of the purchase price related to the TRW acquisition. ![]() This information reflects the company's best estimates when made, but the company expressly disclaims any duty to update this information if new data becomes available or estimates change after the date of this release. Note: Certain statements and assumptions in this release contain or are based on "forward-looking" information (that Northrop Grumman believes to be within the definition in the Private Securities Litigation Reform Act of 1995) and involve risks and uncertainties, and include, among others, statements in the future tense, and all statements accompanied by terms such as "expect," "estimate" or variations thereof. and international military, government and commercial customers. With approximately 120,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. Northrop Grumman Corporation is a $25 billion global defense company, headquartered in Los Angeles, Calif. The company will confirm the following financial guidance: earnings per share are expected to range between $3.65 and $4.15 per share from continuing operations for 2003 segment operating margin for 2003 is expected to be in the mid-7 percent range on estimated sales of $25 billion to $26 billion, with cash from operations between $1.1 billion and $1.3 billion before the B-2 tax payment for 2004, sales are expected to range between $28 billion and $29 billion, with segment operating margin expected to continue in the mid-7 percent range and cash from operations of $1.5 billion. ![]() Sugar, Northrop Grumman president and chief operating officer, will be webcast at LOS ANGELES, Ma- Northrop Grumman Corporation (NYSE:NOC) will present March 12 at the 16th Annual Salomon Smith Barney Global Industrial Manufacturing Conference in New York City.
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