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Defense ETFs are gaining attention as solid Q2 earnings, rising military spending and escalating Middle East tensions strengthen the sector's outlook.
Could $5,000 become $10,000 by 2030, or is a cheaper dividend payer like Northrop Grumman actually the smarter investment today?
Northrop Grumman delivered strong Q2 2026 results, with 5% sales growth, a record $104.7B backlog, and raised 2026 guidance despite headline margin pressure. NOC's margin compression stemmed from isolated program issues (SiAW, GEM 63XL), while core segments operated near historical margin levels and cash flow surged. 2026 guidance now implies $44B in sales, $28.60–$29.10 EPS, and $3.1–$3.5B in free cash flow, with B-21, Sentinel, and national security space as key growth drivers.
PPA targets established defense contractors with lower costs and volatility, while NASA pursues pure-play commercial space companies with higher growth potential.
NOC is deepening its ISR reach through a NATO-focused Airbus pact centered on MQ-4C Triton systems and allied interoperability.
NOC raises 2026 sales and EPS guidance as a record backlog, strong bookings and program momentum point to faster growth in the second half.
Net Awards: $20 billion in the second quarter, driving a book-to-bill ratio of 1.84 times.Backlog: Reached a new record high of $105 billion, up 17% year-over-
Northrop Grumman Corporation (NOC) Q2 2026 Earnings Call Transcript
SEC filings for NOC aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.