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Northrop Grumman Ascends: Q2 Earnings Soar as Defense Demand Skyrockets

Northrop Grumman Corp (NYSE:NOC) reported second-quarter fiscal 2024 sales growth of 7% year-over-year to $10.218 billion, beating the consensus of $10.018 billion. The increase reflects higher sales in all four sectors and continued strong demand for products and services. Second-quarter EPS was $6.36 compared to $5.34 a year ago, beating the consensus of $5.92. Sales by segments: Aeronautics Systems $2.96 billion (+14% Y/Y), Defense Systems $1.513 billion (+7% Y/Y), Mission Systems $2.77 billion (+5% Y/Y), and Space Systems $3.57 billion (+2% Y/Y). Segment operating income ...