1984 Net Income Off Slightly at Grumman

Grumman Corp. reported net income of $108.4 million in 1984, a slight decline in profits at a time when other major defense firms are showing enormous profit increases. It earned $110.7 million in 1983.

The Bethpage, N.Y.-based aerospace company said the decline resulted from a write-down on a discontinued truck program in one of its non-defense subsidiaries and larger research and development spending in its aerospace business.