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Northrop Grumman Reports Strong Third Quarter; Another B-21 Award Expected Soon

Cal Biesecker By
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Northrop Grumman Reports Strong Third Quarter; Another B-21 Award Expected Soon
The B-21 Raider continues ground testing, taxiing, and flying operations, at Edwards AFB, Calif. (Courtesy Photo on Air Force Website)

Fueled by its Defense Systems and Mission Systems segments, Northrop Grumman [NOC] on Tuesday reported strong third quarter results amid mixed results in its other businesses. Net income rose 7 percent to $1.1 billion, $7.67 earnings per share (EPS), from just over $1 billion ($7 EPS) a year ago, crushing consensus estimates of $6.41 per share. Most of the improvement came from better segment performance, followed by a gain from marketable securities and a pension tailwind, partially offset by higher…

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