Northrop Grumman sees growth accelerating next year on defense demand

Northrop Grumman beat Q3 estimates with $7.89 EPS versus $7.18 expected. Revenue rose 7% to $11.12B, just shy of consensus. The company raised its full-year adjusted EPS view to $29.35-$29.75 and forecast 5-7% sales growth next year. CEO Kathy Warden cited unprecedented global demand for defense capabilities. The stock gained 7% to $546.20.