Core Viewpoint - Northrop Grumman reported better-than-expected quarterly results and raised its full-year guidance, leading to an 8% increase in its stock price [1]. Financial Performance - The company earned $8.15 per share on revenue of $10.4 billion, exceeding Wall Street's expectations of $6.84 per share on $10 billion [3]. - The earnings included a $1.04-per-share gain from the sale of a subsidiary, but even excluding this, the profit of $7.11 per share was above expectations [4]. - Revenue grew by 9% from the previous quarter, surpassing the company's earlier guidance of mid-single-digit sales growth [4]. Guidance and Market Position - Northrop Grumman raised its full-year earnings guidance by $0.05 per share, now forecasting earnings of $25 to $25.40 per share for 2025 [5]. - The company is benefiting from key programs that are priorities for the Pentagon, such as the new bomber and intercontinental ballistic missile replacement [6]. Business Development - The company reported a book-to-bill ratio of 0.71, indicating it booked $0.71 in new business for every $1 billed out [6].