Recent Updates — NOC
Northrop Grumman reported third-quarter 2026 sales of $11.1 billion, a 7 percent increase year-over-year, driven by strong demand across its Aeronautics Systems and Defense Systems sectors. Diluted earnings per share reached $7.89, up from $7.67 in the prior-year period, supported by higher segment operating income and a lower effective tax rate of 13.4 percent. The company also announced net awards of $16 billion, bringing its backlog to approximately $110 billion. Additionally, Northrop Grumman raised its full-year 2026 guidance for segment operating income and MTM-adjusted EPS at the midpoint. Northrop Grumman is a leading global aerospace and defense technology company.
On August 19, 2026, the independent members of Northrop Grumman's Board approved a one-time grant of performance-based equity to Kathy J. Warden, Chair, CEO, and President. The award consists of a target of 35,910 Market Stock Units (MSUs) with a payout range of 0% to 150%. Payouts are based on absolute stock price appreciation or depreciation over a performance period ending December 31, 2031. A 0% payout occurs if the stock depreciates by more than 25%, while a 150% payout is triggered by 50% or more appreciation. To earn the target award, the stock price must appreciate by at least 10%. The award is subject to continued service through the performance period and aligns Ms. Warden's interests with shareholders and customers. Northrop Grumman Corporation operates in the aerospace and defense industry, designing and manufacturing advanced technology systems.
Northrop Grumman Corporation reported second quarter 2026 financial results, featuring a record backlog of $104.7 billion following $20 billion in net awards. Sales rose 5% year-over-year to $10.9 billion, while diluted earnings per share reached $7.68, compared to $8.15 in the prior year period. The company increased its 2026 full-year sales guidance to a range of $43.75 billion to $44.25 billion and raised MTM-adjusted EPS guidance to $28.60–$29.10. Adjusted free cash flow for the quarter increased 54% to $978 million. Northrop Grumman is an aerospace and defense technology company.