Northrop Grumman releases transcript of Q2 2026 earnings call

Northrop Grumman Corp.

Northrop Grumman Corp.

NOC

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  • Northrop Grumman discussed Q2 2026 results on its earnings call attended by CEO Kathy Warden, CFO John Greene, IR head Adam Barr, analysts.
  • Raised 2026 sales outlook to USD 43.75-44.25 billion, lifted adjusted EPS view to USD 28.60-29.10, reaffirmed adjusted free cash flow USD 3.1-3.5 billion.
  • Q2 awards totaled USD 20 billion, book-to-bill reached 1.84, backlog set a record USD 105 billion; full-year book-to-bill seen at least 1.25.
  • Two negative EAC adjustments hit margins: GEM 63XL in Space, SiAW in Defense Systems; redesigned GEM 63XL component passed static-fire test, deliveries targeted by year-end.
  • PAC-3 solid rocket motor qualification completed; USD 2 billion framework agreement signed; production award expected later this year, starting at smaller scale.


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