Tag: $Northrop Grumman

Northrop Grumman reported solid first-quarter earnings. Still, shares were down in premarket trading Tuesday, a sign that investors expect a lot from the defense sector these days.

Northrop Grumman posted a 49% drop in first-quarter profit and missed sales expectations on Tuesday, as the U.S. contractor booked losses on its B-21 stealth bomber program due to higher manufacturing costs, sending its shares down 10% in premarket trading.

U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time, amid increased global defense spending prompted by conflicts in the Middle East and the protracted Russia-Ukraine war.

Oct 26 (Reuters) – U.S. defense company Northrop Grumman on Thursday raised its annual revenue target for the second time this year after its third-quarter earnings beat analysts’ estimates helped by strong weapons demand.

July 27 (Reuters) – Northrop Grumman (NOC.N) raised its full-year profit and revenue forecasts on Thursday, as the aerospace and defense major bets on strong weapon demand amid heightened geopolitical tensions.