Northrop Grumman backlog hit a record $110 billion
Question
Northrop Grumman backlog hit a record $110 billion
Direct answer
A $110 billion backlog and 1.5x book-to-bill support defense revenue visibility for NOC and peers through longer contracted cash flow duration.
- Original publisher
- Market Ontology
- Evidence through
- 2026-10-21
- Published
- 2026-10-21
- Revision
- 1 · 2026-10-22
Cite as: Market Ontology, “Northrop Grumman backlog hit a record $110 billion”, revision 1, evidence through 2026-10-21. https://marketontology.com/market-events/2026-10-21/northrop-grumman-backlog-hit-a-record-110-billion-1d2aa9
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| NOC | revenue visibility via record backlog and 1.5x book-to-bill | Up1-4w | Northrop Grumman reported record $110 billion backlog with 1.5x book-to-bill ratio. |
| ITA | defense-prime backlog strength via aerospace-defense multiple support | Up1-5d | Source says Northrop Grumman reported a record $110 billion backlog and 1.5x book-to-bill ratio. |
| BA | aerospace sentiment spillover via defense and production visibility | Mixed1-4w | Source cites Northrop's backlog and sales acceleration across segments, which can affect the aerospace-defense peer group. |
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| ITA | Up | 209.07 2026-10-16 | Pending | Pending | Pending |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
No verifiable public source recorded for this card.
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