Northrop Grumman raises 2026 forecasts on strong weapons demand
Defense supplier Northrop Grumman lifted its 2026 sales and adjusted profit forecast on July 21, 2026, citing sustained demand for weapons amid global geopolitical conflicts, including the wars in Ukraine and the Middle East. U.S. President Donald Trump has pressured defense companies to expand manufacturing capacity as stockpiles are depleted. The Pentagon reported expending over 50,000 rockets and missiles since 2022. Trump also proposed a record $1.5 trillion military budget for 2027. Northrop's Aeronautics segment saw a 13% sales increase, driven by the B-21 Raider program, which received a 25% production capacity expansion. Revenue in defense systems rose 5%, though operating income fell 38% due to development costs. The company raised its 2026 revenue forecast to $43.75-$44.25 billion and profit outlook to $28.60-$29.10 per share. Quarterly sales reached $10.88 billion, with a backlog of $104.7 billion.
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