Aerospace and Defense
For 2023, Lockheed Martin places in the winner circle for the fifth consecutive year and is joined by Northrop Grumman, a winner for the second consecutive year. A newcomer is Huntington Ingalls Industries. This company, a spin-off of Northrop, builds ships. With many ups and downs, margin decline of 30% while Inventory turns improvement is 28%. The increase in defense spending drove growth.
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