Northrop Grumman's Sentinel Missile Milestone Signals Key Defense Program Progress

Dow Jones10-20 19:07

Northrop Grumman completes the first vertical stack of the full Sentinel Missile, positioning the program for its first launch in 2027, the company said. The intercontinental ballistic missile program is ramping up production and contributing to a record backlog of $110 billion. Third-quarter defense systems sales jumped 12% to $2.31 billion, driven by Sentinel ramp and increased munitions and missile volume. The segment posted an operating margin rate of 10.8%. The company also added more than one million square feet of manufacturing and engineering space in the past three months to support capacity growth across its portfolio

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