1 week ago
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By Mike Stone and Aishwarya Jain
Jan 27 (Reuters) - Aerospace and defence supplier Northrop Grumman posted higher fourth-quarter nett and revenue connected Tuesday, helped by beardown income successful its aeronautics business amid heightened geopolitical uncertainty.
Robust request for arms, fueled by escalating tensions successful the Middle East and the ongoing Russia-Ukraine conflict, has boosted income for Northrop Grumman and different defence contractors.
Global tensions person besides been elevated arsenic policies pursued by U.S. President Donald Trump — including the seizure of the Venezuelan president and an assertive bid to get Greenland — person ratcheted up strains successful South America and near the NATO alliance successful a authorities of unprecedented uncertainty.
Sales successful Northrop's aeronautics segment, which produces the B-21 Raider long-range onslaught craft and fuselages for Lockheed Martin's F-35 aircraft, roseate 18% during the 4th quarter.
Falls Church, Virginia-based Northrop also saw beardown 4th fourth income successful its ngo systems business, which makes communications and physics warfare systems chiefly for the U.S. defence and quality community.
Sales successful the ngo systems conception roseate 10%, mostly owed to a ramp-up successful restricted airborne radar programs and strong request for parts utilized successful the F-35 aircraft.
Sales successful Northrop's defence and space segments roseate 7% and 5% during the quarter.
However, its 2026 income forecast of $43.5 cardinal to $44 cardinal fell abbreviated of Wall Street estimates of $44.24 billion, arsenic per LSEG-compiled data.
The defence supplier posted a full gross of $11.71 cardinal for the 4th ended December 31, up astir 10% from a twelvemonth ago.
Excluding items, its per-share nett was $7.23 successful the quarter, compared with $6.39 past year.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)
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