Defense contractor Northrop Grumman today reported third-quarter sales of $9.8 billion, a 9% year-over-year increase and a 2.1% increase from the previous quarter. Backlog was a company record at $84 billion, a 5.5% YoY increase and a 6.6% jump from Q2. WHY IT MATTERS: In a letter to shareholders, Northrop (NYSE: NOC) attributed its growth […]