Northrop Grumman Corp (NOC) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Northrop Grumman Corp
Ticker: NOC CIK: 1133421



		Exhibit 99



				News Release

		Contact:		Tim Paynter (Media)
				703-280-2720
				timothy.paynter@ngc.com

				Steve Movius (Investors)
				703-280-4575
				steve.movius@ngc.com

Northrop Grumman Reports Third Quarter 2018 Financial Results


•	Q3 Sales Increase 23 Percent to $8.1 Billion


•	Q3 Operating Income Increases 41 Percent to $1.2 billion


•	Q3 Segment Operating Income Increases 29 Percent to $979 million


•	Q3 EPS Increase 78 Percent to $6.54


•	Backlog Increases to $52.6 billion


•	2018 EPS Guidance Increased to $18.75 to $19.00


•	2018 Free Cash Flow Guidance Range Increased to $2.5 - $2.7 Billion

FALLS CHURCH, Va. – Oct. 24, 2018 – Northrop Grumman Corporation (NYSE: NOC) reported

third quarter 2018 sales increased 23 percent to $8.1 billion. Third quarter 2018 net earnings increased 78 percent to $1.1 billion, or $6.54 per diluted share, compared with $643 million, or $3.67 per diluted share, in the prior year period. The third quarter includes the first full quarter of Innovation Systems results. These additional earnings were partially offset by pre-tax merger-related expenses of $97 million. Third quarter 2018 earnings also include a pre-tax benefit of $223 million resulting from the settlement of cost claims.

“Our third quarter results demonstrated solid growth and strong performance from our operations, including the first full quarter of Innovation Systems, as we continue to position the company for long-term profitable growth,” said Wes Bush, chairman and chief executive officer.

“We're pleased with this quarter's results and excited about our company's future. As we continue integrating Innovation Systems, we're aggressively addressing the enhanced opportunity set resulting from our combination,” said Kathy Warden, president and chief operating officer.

Northrop Grumman Corporation

2980 Fairview Park Drive • Falls Church, VA 22042-4511

www.northropgrumman.com/media

The following information was filed by Northrop Grumman Corp (NOC) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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