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News Release Contact : ● NORTHROP GRUMMAN Northrop Grumman Reports Third Quarter 2021 Financial Results Sales of $ 8.7 Billion ; Organic Sales¹ Increase 3 percent Operating Margin Rate of 12.0 Percent , Segment Operating Margin Rate¹ of 11.9 Percent EPS Increase 13 Percent to $ 6.63 ; Year to Date EPS Increase 56 Percent to $ 26.55 and Transaction - Adjusted EPS¹ Increase 15 Percent to $ 19.62 2021 Transaction - adjusted EPS¹ Guidance Increased by $ 0.80 to a Range of $ 25.20 to $ 25.60 Based on Continued Strong Performance Vic Beck ( Media ) 703-280-4456 ( office ) vic.beck@ngc.com Non - GAAP measure - see definitions at the end of this earnings release . Todd Ernst ( Investors ) 703-280-4535 ( office ) todd.ernst@ngc.com FALLS CHURCH , Va . - October 28 , 2021 Northrop Grumman Corporation ( NYSE : NOC ) reported third quarter 2021 sales decreased 4 percent to $ 8.7 billion from $ 9.1 billion in the third quarter of 2020 and third quarter 2021 organic sales¹ increased 3 percent to $ 8.7 billion from $ 8.5 billion in the third quarter of 2020. Third quarter 2021 net earnings increased 8 percent to $ 1.1 billion , or $ 6.63 per diluted share from $ 1.0 billion , or $ 5.89 per diluted share , in the third quarter of 2020 . Northrop Grumman Corporation 2980 Fairview Park Drive . Falls Church , VA 22042-4511 news.northropgrumman.com " Our third quarter results reflect strong program performance and the continued focus on operational excellence by the Northrop Grumman team , " said Kathy Warden , chairman , chief executive officer and president . " While we did see some labor related and supply chain challenges stemming from the COVID - 19 pandemic on our operations , we delivered solid organic growth , outstanding segment operating margins and strong transaction - adjusted free cash flow in the quarter . We are raising our full year earnings guidance and continue to expect strong organic sales growth . "