Northrop Grumman raises 2026 profit outlook following strong Q3 results
NOC Northrop Grumman Corp
$534.00 +4.57%
View chart & analysis → - 1Northrop Grumman (NOC) raises annual profit outlook due to strong demand for military aircraft, missiles, and defense projects
- 22026 adjusted EPS outlook raised to $29.35-$29.75 from $28.60-$29.10, with record backlog of $109.6 billion
- 3Q3 revenue increased 7% to $11.12 billion, securing $16.4 billion in new contracts
So what's the key point?
Defense company Northrop Grumman raised its profit target for this year because orders for military aircraft and missiles increased. This also means the amount of orders waiting to be processed has reached an all-time high.
Source Reuters +1 · View original ↗
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