U.S. Defense Contractor Northrop Grumman Reports Quarterly Profit as Military Spending Rises
Defense company Northrop Grumman reported a quarterly profit on Thursday, reversing a year-ago loss as geopolitical tensions increased demand for military equipment.
Key Highlights:
* Quarterly sales: $10.69 billion
* Adjusted per-share profit: $6.39
* 2025 sales guidance: $42-$42.5 billion
* 2025 adjusted EPS guidance: $27.85-$28.25
Driving Factors:
* Eased headwinds from the B-21 Raider stealth bomber program
* Rising military spending due to ongoing conflicts in the Middle East and Russia-Ukraine war
* Increased defense spending under President Donald Trump
Challenges:
* Rising costs due to supply chain disruptions
Investor Sentiment:
* Positive due to strong military equipment demand
* Potential concerns over budget cuts under the Department of Government Efficiency