Northrop Grumman Stock Rises on Strong Q3 Results and Defense Demand
Shares of Northrop Grumman (NOC) rose more than 4% after the company reported strong third-quarter results driven by increased demand for defense products. Sales reached $11.1 billion, up 7% year-over-year, with notable growth in aeronautics and defense systems revenue. The B-21 stealth bomber, F-35 fighter jet, and Sentinel missile programs contributed significantly to the gains. Northrop Grumman's net earnings rose by 2%, reaching $1.1 billion or $7.89 per share—surpassing Wall Street expectations of $7.18 per share. The company also reported a record order backlog of $109.6 billion and raised its full-year sales forecast to $44 billion for 2026, along with guidance on adjusted earnings and free cash flow. CEO Kathy Warden highlighted the growing global demand for defense capabilities due in part to ongoing conflicts like those in Ukraine and the Middle East.
Tickers: $NOC
Topics: aerospace defense earnings stock_performance
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