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Northrop Grumman Boost FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Northrop Grumman Corp. (NOC) raised its adjusted earnings and sales guidance for the full year 2020, based on year-to-date performance and its most current outlook for the remainder of the year.

For fiscal 2020, the company now projects MTM-adjusted earnings in a range of $22.00 to $22.40 per share on sales between $35.30 billion and $35.60 billion.

Previously, the company expected MTM-adjusted earnings in the range of $21.80 to $22.20 per share on sales between $35.00 billion and $35.40 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $22.14 per share on revenues of $35.19 billion for the year. Analysts' estimates typically exclude special items.

The company said its 2020 financial guidance reflects the impacts experienced to date from the global COVID-19 pandemic, and what the company currently anticipates to be the impacts on the company for the remainder of the year.

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