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Cranberry Journal

Wednesday, October 21, 2026

Also in this edition
Markets
  • S&P 5007,751.02+0.50%
  • Nasdaq26,694.09+1.02%
  • Dow52,658.82+0.31%
  • 10-yr yield5.12%−0.04%
  • Crude$97.16−0.68%
At the close · Oct 21

Defense

Tagged stories

A B-2 stealth bomber in flight against a blue sky, its fuselage lit by the sun.
Business

Northrop Grumman's Backlog Hit a Record $109.6 Billion. Its Cash Forecast Needs at Least $2.1 Billion in the Fourth Quarter, Less Than Last Year's $3.2 Billion.

Northrop Grumman said on Tuesday 20 October that third-quarter sales rose 7 per cent to $11.1 billion and backlog reached a record $109.6 billion on $16.4 billion of net awards, a book-to-bill ratio of 1.5. It raised its 2026 earnings outlook to $29.35-$29.75 a share and left its sales and cash flow ranges unchanged.

By Margaret Holloway  

A Pratt & Whitney PW1000G geared turbofan engine, its cowling open, on a transport stand inside an aircraft hangar, with a second engine and an airliner tail behind it.
Business

RTX Raised Its Forecast on a $340 Billion Backlog. 25 Cents of Its Quarter Came From a Cost Recovery It Did Not Explain.

RTX said on Tuesday 20 October that third-quarter sales rose 11 per cent to $25.0 billion and adjusted earnings rose 33 per cent to $2.26 a share, and it lifted its 2026 adjusted EPS outlook to $7.65-$7.75 from $7.10-$7.25. The adjusted figure includes $0.25 a share from what the company calls an IEEPA cost recovery, and free cash flow fell 47 per cent to $2.1 billion.

By Margaret Holloway