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NOC US​

Northrop Grumman Corp /DE/(NOC US)

Overview

ProfileEntity Structure

Documents

SEC Filings

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Northrop Grumman Corp /DE/ — Company Profile

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UN
CEO
Kathy J. Warden
Headquarters
Falls Church, VA, US
IPO Date
Dec 31, 1981
Employees
95,000
Website
www.northropgrumman.com

Key Metrics

Price
$478.00
Market Cap
$67.91B
Revenue (TTM)
$9.88B
Net Income (TTM)
$875.00M
EPS (TTM)
6.16
P/E (TTM)
14.84
P/B (TTM)
3.97
Dividend Yield
1.67%
ROE (TTM)
5.11%
ROA (TTM)
1.75%
Operating Margin
10.01%
Beta
0.08

Dividends

Last Dividend
$2.47
Last Yield
0.02%

Summary

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.

Website
www.northropgrumman.com
Location
Falls Church, VA, US
Phone703 280 2900
Employees95,000
CEOKathy J. Warden
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateDec 31, 1981

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Latest Documents

SEC Filings(3.2K)

Expand
  • 10-QQ3ended 30 Sept 202620 Oct
  • 3/AInitial statement of beneficial ownership (amendment)20 Oct
  • 8-KResults of Operations and Financial Condition20 Oct
  • 4Statement of changes in beneficial ownership1 Oct
  • 4Statement of changes in beneficial ownership1 Oct
  • 4Statement of changes in beneficial ownership21 Aug
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers21 Aug
  • SC 13G/ANORTHROP GRUMMAN CORP /DE/12 Aug
  • 4Statement of changes in beneficial ownership4 Aug
  • 144FUDGE ANN M24 Jul
  • 10-QQ2ended 30 Jun 202621 Jul
  • 8-KResults of Operations and Financial Condition21 Jul
  • 4Statement of changes in beneficial ownership1 Jul
  • 4Statement of changes in beneficial ownership1 Jul
  • 11-K/AAnnual report (employee stock purchase/savings/profit sharing plans, amendment)11 Jun
  • 11-K/AAnnual report (employee stock purchase/savings/profit sharing plans, amendment)11 Jun
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)11 Jun
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)11 Jun
  • SDSD28 May
  • 8-KSubmission of Matters to a Vote of Security Holders21 May

News

  • Northrop Grumman Q3 2026: Crushing Baseline Models With A $109.6B Backlog And Margin Inflection22 Oct
  • Lockheed Martin Rises 9% as Record Backlog Lifts Outlook; RTX Gains 2%, Northrop Grumman Advances 3%22 Oct
  • What Northrop Grumman (NOC) Said on Its Q3 Earnings Call22 Oct
  • 4 Defense Stocks Paying Dividends Backed by Pentagon Contracts21 Oct
  • NOC's Q3 Earnings Call Highlights 2027 Growth and B-21 Spending21 Oct
  • Here's Why Northrop Grumman (NOC) is a Strong Momentum Stock21 Oct
  • BAE Systems Secures US Space Force Deal for SATCOM Terminals21 Oct
  • Northrop Grumman Analysts Boost Their Forecasts Following Upbeat Q3 Earnings21 Oct
  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Applied Digital, Chipotle Mexican Grill, Cirrus Logic, Costco, Digital Realty Trust, Intuitive Surgical, Netflix, Robinhood Markets, Zscaler, and More21 Oct
  • Northrop Grumman Corp (NOC) (Q3 2026) Earnings Call Highlights: Record $110 Billion Backlog and Raised Guidance Signal Strong Momentum21 Oct
  • Why Northrop Grumman Stock Rallied Today20 Oct
  • Northrop Grumman: 3 Key Takeaways for Long-Term Investors20 Oct
  • Northrop Grumman Corp (NOC) Shares Surge 4.6% -- What GF Score of 84 Tells Investors20 Oct
  • Northrop Grumman Corporation (NOC) Q3 2026 Earnings Call Transcript20 Oct
  • 3 Stocks Rising After Strong Q3 Earnings Reports20 Oct
  • What Northrop Grumman (NOC) Said on Its Q3 Earnings Call20 Oct
  • Defense Stocks Are Tumbling as Wall Street Bets on a Democratic Sweep20 Oct
  • Compared to Estimates, Northrop Grumman (NOC) Q3 Earnings: A Look at Key Metrics20 Oct
  • Northrop Grumman Q3 Earnings Surpass Estimates, Revenues Increase Y/Y20 Oct
  • Market Retreats from AI "Dead Cat Bounce;" GE, GM & NOC Beat Earnings20 Oct

Mentions in Filings

  • … d government relationships.*** The defense drone payload market is characterized by rapid technological advancement and intense competition from established defense contractors such as Lockheed Martin, Raytheon, and <strong>Northrop Grumman</strong>, as well as specialized drone companies like AeroVironment and Kratos Defense. These competitors possess significantly greater financial resources, established relationships with government procurement officials, and …
    T3 Defense Inc.Northrop Grumman Corp /DE/·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·23 Oct
  • … d government relationships.*** The defense drone payload market is characterized by rapid technological advancement and intense competition from established defense contractors such as Lockheed Martin, Raytheon, and <strong>Northrop Grumman</strong>, as well as specialized drone companies like AeroVironment and Kratos Defense. These competitors possess significantly greater financial resources, established relationships with government procurement officials, and …
    T3 Defense Inc.Northrop Grumman Corp /DE/·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·23 Oct
  • … built category-defining aerospace and energy companies including Intuitive Machines, Axiom Space and X-Energy; and our team includes veterans of NASA Goddard, the White House National Space Council, Blue Origin, and <strong>Northrop Grumman</strong>. Our Chief Financial Officer, Mr. Parekh, previously served as Chief Financial Officer of Sidus Space and, before that, as Chief Financial Officer of Terran Orbital, where he played a 292 Table of Contents signifi …
    Inflection Point Acquisition Corp. VINorthrop Grumman Corp /DE/·S-4/A - REGISTRATION STATEMENT·Q4 26·22 Oct
  • … • <strong>Northrop Grumman Corporation</strong> (“Northrop”) — Northrop Grumman is a leading global aerospace and defense technology company. We supply product used on the E2-D Hawkeye airborne warning and control aircraft. • General Electric Aerospace (“GE Aerospace”) — GE Aerospace is a global aerospace propulsion, services and systems leader. We supply GE Aerospace with high precision components that are used in jet turbine aircraft engines that are used on s …
    AIR INDUSTRIES GROUPNorthrop Grumman Corp /DE/·S-4/A - REGISTRATION STATEMENT·Q4 26·22 Oct
  • … nd I look forward to welcoming him back to our Board of Directors.” In 2022, Petters stepped down from his position as first CEO and president of Huntington Ingalls Industries, Inc., having steered its spin-off from <strong>Northrop Grumman</strong> in 2011. Petters joined Newport News Shipbuilding in 1987 in the Los Angeles-class submarine construction division and was promoted through the shipbuilding ranks to become president of the shipyard. Petters earned a …
    HUNTINGTON INGALLS INDUSTRIES, INC.Northrop Grumman Corp /DE/·EX-99.1 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·20 Oct
  • … the Board of Directors from March 2022 until his retirement in January 2023 and as President and Chief Executive Officer of the Company from March 2011 to March 2022. Before joining the Company upon its spin-off from <strong>Northrop Grumman</strong>, Mr. Petters served as President of Northrop Grumman Shipbuilding from 2008 to March 2011, and as President of Northrop Grumman Newport News from 2004 to 2008. During the course of his tenure with the Company or its …
    HUNTINGTON INGALLS INDUSTRIES, INC.Northrop Grumman Corp /DE/·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·20 Oct

Key Stats

Trading

Px/Chg 1D$478.00 / -0.83%
Avg Volume889.81K
Beta0.08
Mkt Cap67.91B
FD Mkt Cap76.51B

Float

Shrs Out/Float142.06M / 141.63M
Short Float0.02%
Days to Cover2.00
Stock Repurchased$68.00M

Current Valuation

EV82.89B
EV/EBITDA10.77
EV/Sales1.96
P/B3.97
P/S1.60
FCF Yield-2.68%
ROE5.11%
ROA1.75%
Current Ratio1.14

Dividend

Cash$2.47
Yield1.67%
Yield (TTM)1.67%

Estimates

P/E14.84
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings42.2614.2134.9718.7165.7977.61
Price / Sales4.101.901.831.908.026.87
Price / Book Value4.824.544.865.115.633.97
Price / Free Cash Flow20.6547.4534.2429.8029.02-37.25
ENTERPRISE VALUE METRICS
Enterprise Value91,319.383,811.086,728.493,946.5109,220.482,890.1
Enterprise Value / Sales4.902.292.212.299.338.39
Enterprise Value / EBITDA29.0410.9120.5113.7447.0653.00
Enterprise Value / EBIT37.3913.2230.0017.1857.0369.54

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue4.1%35,667.036,602.039,290.041,033.041,954.0
Gross Income3.4%7,268.07,474.06,551.08,362.08,313.0
EBITDA-4.7%8,734.07,684.04,229.06,839.07,205.0
EBIT-6.5%7,495.06,342.02,891.05,469.05,733.0
Net Income-12.1%7,005.04,896.02,056.04,174.04,182.0
EPS (Diluted)-9.6%43.5431.4713.5328.3429.08
BALANCE SHEET
Cash & ST Inv5.7%3,530.02,577.03,109.04,353.04,403.0
Total Assets4.8%42,579.043,755.046,544.049,359.051,377.0
Total Liabilities4%29,653.028,443.031,749.034,069.034,703.0
Total Shareholder Equity6.6%12,926.015,312.014,795.015,290.016,674.0
CASH FLOW
Net Operating Cash Flow7.5%3,567.02,901.03,875.04,388.04,757.0
Cap Ex61.3%-1,415.0-1,435.0-1,775.0-1,767.0-1,450.0
Free Cash Flow11.3%2,152.01,466.02,100.02,621.03,307.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)552.63
Basic Shares142.06
Market Cap78,508.3
Diluted Shares142.40
Fully Diluted Shares Outstanding142.40
Fully Diluted Market Cap78,694.5
+Consolidated Debt2,202.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-3,744.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value76,966.3

Segment data

Revenue

by Products and services

  • Aeronautics Systems29%
  • Mission Systems28%
  • Space Systems24%
  • Defense Systems18%

Revenue

by Geography

  • Europe63%
  • Asia Pacific37%

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