Northrup Grumman: raises FY revenue target

(CercleFinance.com) - On the strength of a record backlog of nearly $84bn at end-September, Northrop Grumman has raised its revenue target range to around $39bn, while maintaining its adjusted EPS target range at between $22.
45 and $22.85.

Based on its YTD results and growing demand for its products, management says that it has decided to raise its sales guidance: it is also confident about the outlook for next year.

The aerospace and defense group reported Q3 2023 EPS that is up 5% at $6.18, with sales rising 9% to nearly $9.8bn, in particular driven by its space systems activities (+11%).


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