Northrop Grumman Reports Mixed Q3 Earnings: The Details

Northrop Grumman Corp (NYSE:NOC) reported third-quarter financial results before the open on Thursday. Here’s a look at the key highlights from the quarter.

What Happened: Northrop Grumman reported third-quarter revenue of $9.996 billion, missing the consensus estimate of $10.181 billion, according to Benzinga Pro. The company reported quarterly earnings of $7 per share, beating analyst estimates of $6.08 per share.

Aeronautics Systems sales increased 4% year-over-year primarily due to higher F-35 production. Defense Systems sales increased 2% year-over-year primarily due to higher volume on the Sentinel program, ramp-up on the Stand-in Attack Weapon program and higher volume on certain military ammunition programs. Mission Systems revenue increased ...