Northrop Lifts 2026 Profit Outlook on Defense Demand
Northrop Grumman raised its annual profit forecast after reporting third-quarter earnings that beat estimates. Strong military demand pushed the defense contractor's order backlog to a record high of nearly 110 billion dollars.
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Northrop Grumman raised its 2026 adjusted profit forecast to a range of $29.35 to $29.75 per share on Tuesday morning. The upgrade follows strong defense demand that pushed its order backlog to a record $109.6 billion. Higher military spending across the United States and allied nations is driving sustained revenue growth.
