Northrop Grumman raises 2026 forecasts on strong weapons demand

Northrop lifted its 2026 revenue forecast by $250 million to a range of $43.75 billion to $44.25 billion, roughly in line with Wall Street estimates, according to data compiled by LSEG.

Excluding items, the company now expects 2026 profit between $28.60 and $29.10 per share, compared to a prior range of $27.40 to $27.90 apiece.

The Falls Church, Virginia-based company reported total sales of $10.88 billion for the quarter ended June 30, higher than the $10.35 billion it posted a year earlier. Its total backlog rose 9% to $104.7 billion during the period.

Its per-share quarterly profit stood at $7.68, compared with $8.15 a year earlier, with the latter including a $1.04 benefit from the divestiture of Northrop's training services business.

Defense supplier Northrop Grumman on Tuesday lifted its 2026 sales and adjusted profit forecast, supported by sustained demand for weapons amid a wave of global geopolitical conflicts.