Northrop Grumman gains after raising annual profit forecast on strong defense demand
NOC•Northrop Grumman raised its 2026 adjusted profit-per-share forecast to $29.35-$29.75 from $28.60-$29.10 after third-quarter sales rose 7% to $11.12 billion and profit increased to $1.12 billion. Its backlog reached a record high.
1. Higher profit forecast
Northrop Grumman raised its full-year 2026 adjusted profit-per-share forecast to $29.35-$29.75, from its prior range of $28.60-$29.10, as strong demand for military aircraft, missiles and defense programs boosted third-quarter results and pushed its backlog to a record high.
2. Quarterly results
Quarterly sales rose 7% year over year to $11.12 billion, with higher sales across all four sectors. Profit increased about 2% to $1.12 billion, or $7.89 per share, from $1.10 billion, or $7.67 per share, a year earlier.
