Northrop Grumman reported third-quarter 2026 sales of $11.12B and EPS of $7.89 on October 20, with net awards of $16.4B for a book-to-bill of about 1.5 and backlog of $109.6B, up 15% since December. The largest awards were $2.0B for Sentinel, $1.4B for Virginia-class submarines, $1.3B for F-35 and $4.6B of restricted programmes - platform rather than munitions demand.