Northrop Grumman shares rose more than 4% on Tuesday after the company highlighted growing demand for its national security products. Third-quarter sales grew 7% to $11.1 billion, led by a 14% rise in aeronautics systems to $3.6 billion and a 12% increase in defense systems to $2.3 billion. Net earnings rose 2% to $1.1 billion, or $7.89 per share, beating analysts' expectation of $7.18. The company booked $16.4 billion in net awards, lifting its backlog to $109.6 billion, and expects 2026 net sales of $44 billion. The article links the trend to conflicts in Ukraine and the Middle East prompting the U.S. and its allies to boost defense spending.
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