B-21 Output Accelerates With $2.5B Investment as Q3 Sales Hit $11.1B
NOC is trading near its 52-week low of $470.06 (13% above the low) on elevated volume (2.4× avg).
Summary
Q3 revenue came in at $11.12B, up 7% year over year, with EPS of $7.89 and net income of $1.124B. Bookings of $16.4B drove a 1.5 book-to-bill and backlog to roughly $110B, and free cash flow was about $1.8B. The company raised its 2026 adjusted EPS outlook and guided 2027 sales growth of 5% to 7% with every segment expanding. Beyond the numbers, Northrop agreed to raise B-21 production rates and pledged a $2.5B multi-year capacity investment, completed the IMS divestiture, and plans to deploy about 50 of its 150 Space Systems satellites within six months. The B-21 ramp and satellite launch cadence are the concrete drivers behind the growth guidance, and the capacity spend is the cost of hitting those rates.
At the time of this announcement, NOC was trading at $532.06 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $75.9B. The 52-week trading range was $470.06 to $774.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.