Northrop Grumman Stock News
$550.96
0.43%
NYSE, Nov 11, 04:28 pm EST.
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Northrop Grumman Stock News
US defense shares fell on Wednesday as the Democrats' resounding midterm election victory stoked concerns about increased pressure on the Pentagon's spending plans.
FALLS CHURCH, Va., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in the Baird 2026 Global Industrial Conference on Wednesday, November 11.
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Northrop said the quarter reflected strong demand for its global capabilities as the company had gains across all its units: aeronautics sales rose 14%, while defense sales increased 12% and its mission and space sales inched up 2% each.
Northrop Grumman reports third-quarter earnings per share of $7.89 from sales of $11.1 billion. Wall Street was looking for earnings per share of $7.19 from sales of $11.2 billion.
Northrop Grumman raised its annual profit forecast on Tuesday after strong demand for military aircraft, missile and defense programs helped beat Wall Street estimates for third-quarter profit, and drove its backlog to a record high.
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