Northrop Grumman
Q3 2022 Earnings Call
Oct 27, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen. Welcome to the Northrop Grumman's third quarter 2022 conference call. Today's call is being recorded. My name is Michelle and I will be your operator today.
[Operator instructions] I would like to turn the call over to your host, Mr. Todd Ernst, treasurer and vice president, investor relations. Mr. Ernst, please proceed.
Todd Ernst -- Vice President, Investor Relations and Treasurer
Thanks, Michelle. Good morning, everyone and welcome to Northrop Grumman's third quarter 2022 conference call. We'll refer to a PowerPoint presentation that is posted on our IR web page this morning. Before we start, matters discussed on today's call, including guidance and outlooks for 2022 and beyond, reflect the company's judgment based on information available at the time of this call.
They constitute forward-looking statements pursuant to safe harbor provisions of federal securities laws. Forward-looking statements involve risks and uncertainties which are noted in today's press release and our SEC filings. These risks and uncertainties may cause actual company results to differ materially. Today's call will include non-GAAP financial measures that are reconciled to our GAAP results in our earnings release.
On the call today are Kathy Warden, our chair, CEO, and president; and Dave Keffer, our CFO. At this time, I'd like to turn the call over to Kathy. Kathy?
Kathy Warden -- Chairman, President, and Chief Executive Officer
Thanks, Todd. Good morning, everyone. Thank you for joining us. The Northrop Grumman team delivered another quarter of solid performance.
Our top line returned to growth with continued strong execution. Demand for our products remained robust with a book-to-bill ratio of near one, including a number of key awards in our restricted and missile defense portfolios. And we remain on track to deliver strong results for the year, with growth expected to accelerate as we look toward next year. Taking a step back for a moment from the quarter, I'd like to start with an update on the global security environment.
Earlier this month, the Biden administration released its full version of the national security strategy which is used as a guide for policy and budget decisions. The strategy spotlights the dynamic and challenging threat landscape around the world and stresses the importance of working with allies, maintaining a strong industrial base and continuing to invest in advanced technology. It also reinforces the triad as a top priority. So it's clear that Northrop Grumman's portfolio continues to be extremely well aligned with the requirements outlined in the national security strategy.