Northrop Grumman Q3 sales rise 7% to $11.1B, backlog record $110B, lifts FY EPS guidance

Northrop Grumman reported Q3 sales of $11.1B (est $11.13B), EPS $7.89, and a record backlog of $110B. The company raised its FY adjusted EPS guidance to $29.35-$29.75 from $28.60-$29.10 and increased segment operating income midpoint by $65M.