Northrop Grumman's third-quarter sales grew 7% to $11.1 billion, while segment operating margin rebounded to 12.1%. The company reported a record $110 billion backlog and nudged its near-term guidance for segment operating income upward by $65 million.
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company’s aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors.