Northrop Grumman reported fourth-quarter adjusted earnings per share of $4.75, surpassing the consensus estimate of $4.60. Revenue for the period reached $10.8 billion, up from $9.9 billion in the year-ago quarter and exceeding the $10.5 billion forecast. The stronger top line was driven by higher volume in both classified programs and export contracts, underscoring sustained defense spending in key international markets.

The Aeronautics Systems division delivered revenue of $3.2 billion, a 12% increase year-over-year, fueled by steady deliveries of unmanned aerial vehicles and fifth-generation fighter components. Mission Systems revenue climbed 10% to $4.7 billion on robust demand for radar, electronic warfare and cybersecurity solutions. Defense Systems saw an 8% rise to $2.9 billion, reflecting increased production on ground-based missile defense programs and classified space-based sensor contracts.

Free cash flow for the full year reached $5.4 billion, compared with $4.8 billion in 2024, benefiting from disciplined working-capital management and milestone payments on large programs. Order backlog stood at $68 billion, up 7% from a year earlier. Management reiterated its guidance for 2026 revenue growth of 5–7% and free cash flow in a range of $5.2 billion to $5.6 billion, reflecting higher anticipated production rates on next-generation spacecraft and continued strength in classified defense platforms.