Earnings summaries and quarterly performance for NORTHROP GRUMMAN CORP /DE/.
Executive leadership at NORTHROP GRUMMAN CORP /DE/.
Kathy J. Warden
Detailed
Chair, Chief Executive Officer and President
CEO
JG
John Greene
Detailed
Chief Financial Officer
RJ
Robert J. Fleming
Detailed
Corporate Vice President and President, Space Systems
RS
Roshan S. Roeder
Detailed
Corporate Vice President and President, Mission Systems
TH
Thomas H. Jones
Detailed
Corporate Vice President and President, Aeronautics Systems
Board of directors at NORTHROP GRUMMAN CORP /DE/.
AM
Ann M. Fudge
Detailed
Director
AK
Arvind Krishna
Detailed
Director
DP
David P. Abney
Detailed
Director
GR
Gary Roughead
Detailed
Director
JS
James S. Turley
Detailed
Director
KA
Kimberly A. Ross
Detailed
Director
MA
Madeleine A. Kleiner
Detailed
Lead Independent Director
MC
Marianne C. Brown
Detailed
Director
MA
Mark A. Welsh III
Detailed
Director
MA
Mary A. Winston
Detailed
Director
TM
Thomas M. Schoewe
Director
Research analysts who have asked questions during NORTHROP GRUMMAN CORP /DE/ earnings calls.
MW
Myles Walton
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Recent press releases and 8-K filings for NOC.
Northrop Grumman among leaders in Space-Based C4ISR Market Report 2026
NOC
- The space-based C4ISR market grew from $3.16 Billion in 2025 to $3.4 Billion in 2026 at a 7.5% CAGR.
- It is forecast to reach $4.49 Billion by 2030 at a 7.2% CAGR.
- Growth is driven by expansion of satellite constellations, secure military satellite communications, ground antenna installations, encryption devices, and advanced sensor payloads.
- Integration of AI-driven analytics for satellite intelligence and deployment of small-satellite networks are key trends, with North America as the largest market and Asia-Pacific the fastest-growing region.
- Industry consolidation is highlighted by BAE Systems’ $5.56 Billion acquisition of Ball Aerospace in 2024, strengthening space-based C4ISR capabilities.
1 day ago
Northrop Grumman shares rise after Trump’s $1.5 trillion defense budget proposal
NOC
- After President Trump called for a $1.5 trillion U.S. defense budget for 2027, global defense stocks surged, with Northrop Grumman shares up about 8.3% in early trading.
- The rally was driven by investor optimism on higher defense spending, though significant uncertainty remains over congressional approval and final budget details.
- The aerospace & defense index reached an all-time high after gaining roughly 57% over the prior year.
8 days ago
Northrop Grumman: NDAA-Compliant Drone Market Projected to Reach $21.8B by 2030
NOC
- The global military drone market was valued at $15.23 billion in 2024 and is forecast to grow to $21.81 billion by 2030, driven by NDAA compliance requirements.
- NDAA restrictions on foreign drones are spurring demand for domestically or allied-sourced military drones, supported by advances in sensors, avionics, and real-time data integration.
- North America dominated the market with a 39% share in 2024, fueled by rising use of drones for logistics, autonomous cargo, and ISR missions.
Nov 13, 2025, 1:50 PM
Northrop Grumman outlines growth strategy at Baird Global Industrial Conference
NOC
Guidance Update
New Projects/Investments
Share Buyback
- Northrop reported 5% organic growth in 2025, reiterated mid-single digit organic growth guidance for 2026, and is on track to double free cash flow by 2028.
- The company highlighted a $90 billion+ backlog, with core capabilities in missile tracking, interceptors, command and control, and solid rocket motors driving a 5% CAGR over six years.
- International sales momentum remains strong—up 32% in the latest quarter and 20% YTD—with double-digit growth expected in Europe, the Middle East, and Japan.
- Margin expansion will be driven by three pillars: operational performance recovery, digital transformation–enabled cost efficiencies, and mix shift toward international and fixed-price programs.
- Free cash flow grew 20% annually over the past three years; CapEx is expected to moderate below 4% of sales, while excess cash will fund dividends and share repurchases.
Nov 12, 2025, 2:30 PM
Northrop Grumman outlines growth, margins, and strategic priorities at Baird conference
NOC
- Achieved 5% organic growth in FY 2025, with healthy margin expansion and robust free cash flow growth; on track to double free cash flow by 2028.
- Backlog surpassed $90 billion, reflecting a 5% CAGR over six years; expects mid-single-digit organic growth in 2026 pending resolution of government shutdown.
- International business set for double-digit growth, driven by increased defense spending in Europe, the Middle East, and Japan.
- Margin improvement strategy emphasizes operational performance, enterprise-wide digital transformation, and portfolio mix shift toward fixed-price contracts and higher-margin international work.
- Strengthened solid rocket motor capacity and qualifications to support rising demand in tactical missile markets and ensure supply chain resilience.
Nov 12, 2025, 2:30 PM
Northrop Grumman outlines FY2025 performance and outlook at Baird Industrial Conference
NOC
Guidance Update
New Projects/Investments
- 5% organic growth in FY2025, robust margin expansion and strong free cash flow, with a pathway to double free cash flow by 2028.
- Backlog exceeds $90 billion, supported by missile tracking/interceptor programs, solid rocket motor capacity, and prime positions on two legs of the nuclear triad.
- International sales up 32% in Q3 and 20% year-to-date, with expectations of double-digit international growth driven by Europe, Middle East, and Japan.
- B-21 Raider program in low-rate initial production: two test aircraft flying, contracts for Lots 1–2 awarded, Lot 3 award expected this year toward a 100-aircraft program of record.
- Three-pillar margin improvement strategy—operational performance, digital transformation, and portfolio mix shift (including fixed-price and international)—driving continued margin and free cash flow growth.
Nov 12, 2025, 2:30 PM
Northrop Grumman announces CFO transition
NOC
CFO Change
Guidance Update
Management Change
- Board elected John Greene as corporate vice president and CFO effective Jan. 7, 2026; incumbent Ken Crews will step down on that date and serve in an advisory capacity through Feb. 20, 2026.
- Greene’s compensation package includes a $955,000 base salary and a $2,000,000 restricted stock sign-on grant.
- The company reaffirmed its 2025 financial guidance and 2026 outlook as previously announced on Oct. 21.
Nov 6, 2025, 10:04 PM
Northrop Grumman reports Q3 2025 results
NOC
Earnings
Guidance Update
New Projects/Investments
- Q3 sales of $10.4 B, up 4% year-over-year (organic +5%), with International sales +32% and a book-to-bill of 1.17.
- Segment operating margin reached 12.3%, driving EPS of $7.67 (+10% yoy); free cash flow was $1.3 B (+72% yoy).
- Maintained full-year free cash flow guidance of $3.05 B–$3.35 B, revised revenue guidance to $41.7 B–$41.9 B, and increased EPS guidance to $25.65–$26.05.
- Advanced the B-21 program with a second test flight, on track for LRIP Lot 3 & 5 awards, and negotiating a production rate acceleration.
Oct 21, 2025, 1:30 PM
Northrop Grumman reports Q3 2025 results
NOC
Earnings
Guidance Update
- Q3 sales of $10.4 billion, up 4% YoY (and 5% organic); Aeronautics sales grew 6% to $3.1 billion and Defense Systems sales rose 14% to $2.1 billion; Space sales were down mid-single digits at $2.7 billion.
- Segment operating margin of 12.3%, up 80 bps YoY, driving diluted EPS of $7.67, +10% YoY.
- Free cash flow of $1.3 billion, a 72% YoY increase; reaffirming full-year FCF guidance of $3.05–$3.35 billion.
- Raising full-year sales guidance to $41.7–$41.9 billion, EPS to $25.65–$26.05, while maintaining segment margin outlook; Q3 book-to-bill was 1.17, with 5% organic and 32% international growth.
Oct 21, 2025, 1:30 PM
Northrop Grumman reports Q3 2025 earnings
NOC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Strong demand drove a Q3 book-to-bill ratio of 1.17x and receipt of a $1.8 billion missile defense award.
- Q3 organic sales grew 5% year-over-year to $10.423 billion, with segment operating margin expanding to 12.3%.
- Diluted EPS increased to $7.67 in Q3 2025, up from $7.00 in Q3 2024, driven by segment performance and marketable securities.
- Company raised 2025 guidance: sales now $41.7 – $41.9 billion and MTM-adjusted EPS to $25.65 – $26.05.
Oct 21, 2025, 1:30 PM
Quarterly earnings call transcripts for NORTHROP GRUMMAN CORP /DE/.
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