Northrop Grumman beats estimates as strong demand continues

Northrop Grumman (NYSE:NOC) exceeded analyst expectations for its first-quarter earnings and revenue, driven by strong demand and a significant sales increase in its Aeronautics Systems segment. The defense contractor reported EPS of $6.14 on revenue of $9.88 billion, with operating income surging 73%. Despite the strong performance, shares saw a slight decline.

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