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News Release Contact : NORTHROP GRUMMAN Vic Beck ( Media ) 703-280-4456 ( office ) vic.beck@ngc.com Northrop Grumman Reports Second Quarter 2021 Financial Results Strong Performance Continues ; 2021 Sales and Earnings Guidance Raised Sales Increase 3 Percent to $ 9.2 Billion ; Organic Sales¹ Increase 10 Percent Operating Margin Rate of 11.4 Percent , Segment Operating Margin Rate¹ of 12.2 Percent EPS Increase 7 Percent to $ 6.42 ; Year to Date EPS Increase 78 Percent to $ 19.89 and Transaction - Adjusted EPS¹ Increase 16 Percent to $ 13.00 Todd Ernst ( Investors ) 703-280-4535 ( office ) todd.ernst@ngc.com Company Raises 2021 Sales Guidance to $ 35.8 Billion to $ 36.2 Billion and Transaction adjusted EPS¹ Guidance to $ 24.40 to $ 24.80 ¹ Non - GAAP measure - see definitions at the end of this earnings release . FALLS CHURCH , Va . - July 29 , 2021 - Northrop Grumman Corporation ( NYSE : NOC ) reported second quarter 2021 sales increased 3 percent to $ 9.2 billion from $ 8.9 billion in the second quarter of 2020. Second quarter 2021 net earnings increased 3 percent to $ 1.04 billion , or $ 6.42 per diluted share from $ 1.01 billion , or $ 6.01 per diluted share , in the second quarter of 2020 . Northrop Grumman Corporation 2980 Fairview Park Drive . Falls Church , VA 22042-4511 news.northropgrumman.com " Northrop Grumman delivered outstanding second quarter results , reflecting the strength of our portfolio and its alignment to national security priorities , as well as our team's ability to perform on our commitments , " said Kathy Warden , chairman , chief executive officer and president . " Based on the strength of our growth and performance year - to - date and our enhanced outlook for the year , we have increased our 2021 sales and EPS guidance . "