International demands highlight Northrop's Q3 earnings with record backlog

By Shelley K. Mesch / October 26, 2023 at 10:19 AM
The continuing war in Ukraine and increasing geopolitical tensions elsewhere has led to increased sales for Northrop Grumman, which reported a record backlog of $84 billion during its third-quarter earnings call today. Northrop raised its 2023 sales guidance by $400 million to about $39 billion, due largely to growing international demand for products including the Advanced Anti-Radiation Guided Missile-Extended Range, CEO Kathy Warden said. Sales rose in all four segments -- aeronautics, defense, mission and space systems -- in both...

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