You might also like
Northrop Grumman Corporation is a leading global aerospace and defense technology company that provides a broad range of products, services, and solutions primarily to the U.S. Department of Defense and intelligence community, as well as international customers. The company operates through four main sectors: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems . Northrop Grumman specializes in military aircraft systems, advanced tactical weapons, electronic communications, and end-to-end mission solutions, including satellites and missile defense systems .
- Aeronautics Systems - Focuses on military aircraft systems, including strategic long-range strike aircraft, tactical fighter aircraft, and unmanned autonomous aircraft systems.
- Space Systems - Delivers end-to-end mission solutions, including satellites, missile defense systems, and launch vehicles, with a significant portion of business performed through restricted programs.
- Mission Systems - Provides advanced technologies such as electronic communications, sensors, and secure communications.
- Defense Systems - Specializes in advanced tactical weapons, missile defense solutions, and sustainment services for military and international customers.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Kathy J. Warden ExecutiveBoard | Chair, CEO, and President | Board Member at Merck & Co., Aerospace Industries Association (member), Catalyst (board member) | Chair, CEO, and President of NOC since 2019; extensive experience in aerospace, defense, and cyber markets. | January 2019 |
Benjamin R. Davies Executive | Corporate Vice President, Defense Systems | None | Corporate VP and President of Defense Systems since July 2024; over 26 years at NOC with leadership roles in multiple sectors. | July 2024 |
Kathryn G. Simpson Executive | Corporate Vice President and General Counsel | None | General Counsel since October 2023; extensive legal experience in aerospace and defense industries, including prior roles at Raytheon. | October 2023 |
Kenneth B. Crews Executive | Corporate Vice President and CFO | None | CFO since October 2024; previously CFO of Space Systems and Mission Systems sectors. | October 2024 |
Michael A. Hardesty Executive | Corporate Vice President, Controller, and Chief Accounting Officer | None | Controller and Chief Accounting Officer since 2013; oversees financial reporting and compliance. | 2013 |
Robert J. Fleming Executive | Corporate Vice President, Space Systems | None | Corporate VP and President of Space Systems since October 2023; joined NOC in 2005; holds advanced degrees in electrical engineering and business administration. | October 2023 |
Roshan S. Roeder Executive | Corporate Vice President, Mission Systems | None | Corporate VP and President of Mission Systems since July 2024; previously led Airborne Multifunction Sensors and other divisions. | July 2024 |
Thomas H. Jones Executive | Corporate Vice President, Aeronautics Systems | None | Corporate VP and President of Aeronautics Systems since 2021; previously led Airborne C4ISR Division in Mission Systems. | 2021 |
Ann M. Fudge Board | Director | Chair of WGBH Public Media, Senior Trustee of Brookings Institution | Director since 2016; extensive leadership experience in marketing and governance. | March 2016 |
Arvind Krishna Board | Director | Chairman and CEO of IBM, Board Member at Federal Reserve Bank of New York | Director since 2022; extensive expertise in technology and business leadership as CEO of IBM. | November 2022 |
David P. Abney Board | Director | Board Member at Freeport-McMoRan and Target | Director since 2020; former CEO of UPS with expertise in logistics and global operations. | June 2020 |
Gary Roughead Board | Director | Board Member at Maersk Line, Trustee at Johns Hopkins University and Dodge & Cox Funds | Director since 2012; retired Admiral and former Chief of Naval Operations with expertise in national security and cyber operations. | February 2012 |
Graham N. Robinson Board | Director | President of STANLEY Industrial, Board Member at Connecticut Business & Industry Association | Director since 2021; significant leadership experience in industrial and manufacturing sectors. | August 2021 |
James S. Turley Board | Director | Board Member at Citigroup, Emerson Electric, Precigen, and others | Director since 2015; former Chairman and CEO of Ernst & Young with expertise in finance and risk management. | February 2015 |
Kimberly A. Ross Board | Director | Board Member at Cigna, KKR, and Nestlé | Director since 2023; extensive financial expertise as former CFO of multiple global companies. | March 2023 |
Madeleine A. Kleiner Board | Lead Independent Director | Board Member at Jack in the Box and LPGA | Director since 2008; Lead Independent Director since 2022; extensive experience in corporate governance. | October 2008 |
Marianne C. Brown Board | Director | Board Member at Akamai Technologies, Charles Schwab, and IBM | Director since 2015; former COO of Fidelity National Information Services and SunGard Financial Systems. | March 2015 |
Mark A. Welsh III Board | Director | President of Texas A&M University | Director since 2016; retired General and former Chief of Staff of the U.S. Air Force with expertise in defense and leadership. | December 2016 |
Mary A. Winston Board | Director | Board Member at Acuity Brands, Chipotle, and TD Bank | Director since 2023; extensive financial and governance expertise as former CFO and interim CEO of large public companies. | March 2023 |
Thomas M. Schoewe Board | Director | Board Member at General Motors | Director since 2011; former CFO of Wal-Mart with expertise in financial management and IT systems. | August 2011 |
- With ongoing supply chain challenges in areas like microelectronics and solid rocket motors, how confident are you in meeting your growth targets, and have you considered vertical integration to mitigate these risks?
- Given the significant investments in solid rocket motor capacity amidst a surge in demand for missiles and munitions, how are you assessing the risk of overcapacity if demand levels decline in the future?
- As you plan to reduce capital expenditures in 2025 after a period of elevated investment, how will this impact your ability to pursue growth opportunities and maintain competitiveness in the market?
- Regarding the B-21 program's progression and previous charges taken, what steps are you taking to manage cost risks and supplier challenges to ensure margin improvement in the Aeronautics Systems segment?
- Considering the recent headwinds in your Space segment and the expectations for multiyear growth, what specific strategies are you implementing to overcome these challenges and achieve your targeted growth rates over the long term?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company operates in highly competitive markets and faces competition from this entity, which may have more financial capacity or specialized capabilities. The competitive environment includes intense bidding for program opportunities and protests of U.S. government procurement awards. | |
This entity is identified as one of the primary competitors in the defense, intelligence, and federal civil markets, where competition is characterized by long operating cycles and intense rivalry. | |
The company competes with this entity in markets that require advanced engineering, technical, and manufacturing capabilities, with competition often involving bidding for major contracts. | |
This entity is a key competitor in the defense and aerospace sectors, with competition often involving both prime contractor roles and subcontractor relationships on various contracts. | |
The company faces competition from this entity in the defense and aerospace markets, where affordability and innovation are critical to winning contracts. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Orbital ATK | 2018 | Northrop Grumman acquired Orbital ATK for $7.8 billion in cash, plus the assumption of approximately $1.4 billion in net debt, with shareholders receiving $134.50 per share. The deal, completed on June 6, 2018, enabled the formation of Northrop Grumman Innovation Systems, a new business sector focused on launch vehicles, missile systems, and advanced aerospace technologies, strengthening the company’s capabilities and strategic positioning. |
Recent developments and announcements about NOC.
Earnings
New Earnings (Q4 2024)
·Jan 30, 2025, 5:38 PMView full earnings summary →Northrop Grumman projects double-digit international growth in 2025, backed by a 1.4x book-to-bill, while B-21 & Sentinel remain under 10% of sales but steadily ramp. Margins stay near 9%, and management reaffirms a $4B free cash flow target by 2028.