Northrop Grumman raised its full-year 2026 profit forecast after strong third-quarter results, driven by robust demand for military and defense programs. Its order backlog reached a record $109.6 billion. The company received $16.4 billion in new awards during the quarter, and new orders outpaced sales by a ratio of 1.5-to-1.
Third-quarter sales rose 7% to $11.1 billion, with growth across all four business segments. Aeronautics Systems sales increased 14%, boosted by the B-21 bomber and F-35 programs. Defense Systems sales grew 12%, largely due to the Sentinel missile program.
Northrop Grumman raised its 2026 adjusted earnings guidance to $29.35 to $29.75 per share.