Northrop Grumman raised its annual profit forecast and exceeded Wall Street expectations for second-quarter revenue due to high demand for military aircraft and defense systems amid geopolitical tensions, with shares rising 9%. The company is benefiting from conflicts in Russia-Ukraine and the Middle East, as well as President Trump’s defense budget.

Despite a setback in manufacturing costs for its B-21 stealth bombers, Northrop now expects annual profit per share of $25.00 to $25.40. Revenue forecast for the year is narrowed to $42.05 billion to $42.25 billion, with supply chain issues from the COVID-19 pandemic impacting production in industries, including defense. Second-quarter sales reached $10.35 billion, with a net income of $1.17 billion.

Read more at Yahoo Finance: Northrop Grumman lifts 2025 profit forecast on strong demand for weapons