Sep. 17 at 6:00 PM
$NOC CEO: The current demand environment for the defense contractor is the most robust she has seen in more than 20 years in the industry - highlights that geopolitical tensions and strong bipartisan support for domestic national security are driving unprecedented long-term visibility
Note: US Army has awarded Northrop a
$4.8B contract for the Common Infrared Countermeasure (CIRCM) system. The contract, which is scheduled to run thru Sept 2035, expands Northrop's long-term opportunity pipeline, although the full
$4.8B ceiling does not immediately enter backlog
Northrup has secured
$20B of net awards in 2Q26. Major awards included
$7.6B for Sentinel,
$4.3B for restricted programs, &
$1B for F-35 work
Those awards lifted Northrop's backlog to a record
$104.7B
Northru raised its FY6 sales guide to a range of
$43.8B-
$44.3B from
$43.5B-
$44B & its adj'd EPS guide to
$28.60-
$29.10 from
$27.40-
$27.90. while maintaining the adj'd FCF guide at
$3.1B-
$3.5 B
--- Watch for margin pressures - risk/reward compelling giving the valuation & demand (backlog)
