The company has increased 2022 free cash flow guidance to $150m or higher.

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The company noted that the increase in revenue was mainly driven by growth in the US business.

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The company’s NSS division has registered a $91m, or 6.7%, increase in quarterly revenue.

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New orders totalled €11.7bn, compared to €9.2bn in the same period a year ago.

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Adjusted EBITDA declined 8% YoY from $403m last year in Q3, to $372m this year.

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The company reported strong sales of 3.4% in the first nine months, of which 1.3% was organic growth.

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The growth was attributed to strong demand and improving trends in labour availability.

The post Northrop Grumman’s third quarter sales increase by 3% to $9bn appeared first on Army Technology.

The company reported revenue of $4.25bn, compared to $4.23bn a year ago.

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The company’s revenue and earnings were significantly impacted by losses on fixed-price defence development programmes.

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The company’s net earnings increased 4.9% from $860m in 2021 to $902m.

The post General Dynamics’ revenue rose 4.3% to $10bn in Q3 2022 appeared first on Army Technology.