Northrop Grumman Reports Q3 Earnings with Record Backlog, Raised Guidance
Northrop Grumman (NOC) reported strong third-quarter results for fiscal year 2026, driven by increased sales and improved profitability. Total revenue reached $11.1 billion, up 7%, as all four business segments saw volume growth. The company raised its full-year earnings guidance to a range of $29.35–$29.75 per share from the previous estimate due to better-than-expected performance and tax benefits. Key contributors included Aeronautics Systems, which posted 14% sales growth thanks to F-35 production and B-21 program ramp-up, while Defense Systems saw a 12% increase driven by major contracts like Sentinel. The company also reported $1.8 billion in adjusted free cash flow for the quarter, up significantly due to working capital improvements and asset sales. Looking ahead, Northrop Grumman expects continued growth with a projected 5–7% rise in revenue in fiscal year 2027 and plans to invest heavily in production capacity expansion.
Topics: aerospace defense free_cash_flow sales_growth
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