Northrop Grumman and RTX Raise 2026 Profit Forecasts

Northrop Grumman (NYSE: NOC ) reported third-quarter financial results on Tuesday. The transcript from the company's third-quarter earnings call has been provided below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. View the webcast at Summary Northrop Grumman reported strong Q3 2026 results with a book-to-bill ratio of 1.5, leading to a record $110 billion backlog, reflecting robust demand. The company highlighted its strategic focus on innovation and technology leadership, aiming to meet evolving threat environments with investments in areas like space systems, munitions, and autonomous systems. Northrop Grumman increased its 2026 guidance for segment operating income margin rate and EPS, driven by strong performance across all segments. Significant operational highlights include progress on the Sentinel program and the launch of 21 satellites for the Space Development Agency, with ongoing investment in infrastructure to support production increases, notably for the B-21 program. Management expressed confidence in accelerating growth into 2027 and beyond, with expectations of a 5% to 7% sales growth for 2027 and further acceleration in 2028, driven by key programs and international sales. The company is exploring strategic alternatives for its microelectronics technology, which has applications in both defense and commercial markets, highlighting Fortitude and quantum technology as areas of potential growth. Northrop Grumman is responding to increased global defense demand, aiming to double international sales by 2031, supported by a strong portfolio and bipartisan support in the U.S. for national security funding. Full Transcript Josh (Operator) Good day, ladies and gentlemen, and welcome to Northrop Grumman's third quarter 2026 conference call. Today's call is being recorded. My name is Josh, and I will be your operator today. At this time, all participants are in a listen-only mode. I would now like to turn the call over to your host, Mr. Randy Sinclair, Vice President of Investor Relations. Mr. Sinclair, please proceed. Randy Sinclair (Vice President of Investor Relations) Good morning and welcome to Northrop Grumman's third quarter 2026 conference call. Before we begin, please note that matters discussed on today's call, including guidance and outlooks for 2026 and beyond, reflect the company's judgment based on information available at the time of this call. They constitute forward-looking statements under the safe harbor provisions of federal securities laws. Forward-looking statements involve risks and uncertainties, including those noted in today's press release and our SEC filings, which may cause actual company results to differ materially. Today's call will also include non-GAAP financial measures, which are reconciled to our GAAP results in the earnings release. Additionally, we will reference a presentation that has been posted on our investor relations website. Joining us on t