NOC on NYSE

Northrop Grumman Corporation

Logo: Northrop Grumman, Public domain, via Wikimedia Commons6

American aerospace and defense company

Northrop Grumman Corporation is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. Headquartered in West Falls Church, Virginia, the company is the fifth-largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors. The company was formed in 1994 through the merger of Northrop Corporation and Grumman Aerospace.3 Its chief executive is Kathy J. Warden (since 2019).1 It employed about 65,600 people in 2015.1 Its revenue was $41 billion in 2024.1 Its shares trade on NYSE under the symbol NOC.1 Wikipedia text CC BY-SA 4.0

$519.70 up 20.07 (4.02%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1994Founded1

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  • TickerNOC on NYSE1
  • Industryaerospace industry, aircraft industry, electronics industry, shipbuilding, weapons industry1
  • HeadquartersFalls Church1
  • Websitewww.northropgrumman.com
  • Legal formDelaware corporation1
  • Business address2980 Fairview Park Drive, C/O Northrop Grumman Corp, Falls Church, Va 220427
  • Filer categoryLarge accelerated filer7
  • LEIRIMU48P07456QXSO0R614
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 48561084

Northrop Grumman Corporation is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. Headquartered in West Falls Church, Virginia, the company is the fifth-largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.8%Operating margin10
10.0%Net margin10
2.2%Revenue growth, 202510
25.1%Return on equity10
0.91×Debt to equity10
$3.3BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 80% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. Product$33.7B1080%up 3% from 2024
  2. Service$8.2B1020%down 1% from 2024
Products and services by year
Products and services202320242025
Product$30.9B$32.7B$33.7B
Service$8.4B$8.3B$8.2B

Business segments

Aeronautics Systems brought in 29% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. Aeronautics Systems$13.0B1029%up 5% from 2024
  2. Mission Systems$12.5B1028%up 10% from 2024
  3. Space Systems$10.8B1024%down 8% from 2024
  4. Defense Systems$8.0B1018%up 8% from 2024
Business segments by year
Business segments202320242025
Aeronautics Systems$11.2B$12.4B$13.0B
Mission Systems$10.9B$11.4B$12.5B
Space Systems$11.9B$11.7B$10.8B
Defense Systems$7.2B$7.4B$8.0B

Regions

United States brought in 86% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. United States$36.0B1086%down 0% from 2024
  2. Europe$3.3B108%up 16% from 2024
  3. Asia Pacific$1.9B105%up 24% from 2024
  4. All other geographic region$785.0M102%up 28% from 2024
Regions by year
Regions202320242025
United States$34.4B$36.0B$36.0B
Europe$2.5B$2.8B$3.3B
Asia Pacific$1.6B$1.6B$1.9B
All other geographic region$882.0M$611.0M$785.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development3¢$1.1B
  • Other costs85¢$35.8B
  • Income tax2¢$886.0M
  • Profit10¢$4.2B

Out of $42.0B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$1.4B
  • Dividends paid27¢$1.3B
  • Share buybacks34¢$1.6B
  • Kept or used elsewhere8¢$390.0M

Out of $4.8B of cash from operations.10

Financial statements

Revenue1112131410$42.0B in 2025+24% since 2019
0$20.0B$40.0B$60.0B2019: $33.8B$33.8B20192020: $36.8B$36.8B2020+9%2021: $35.7B$35.7B2021−3%2022: $36.6B$36.6B2022+3%2023: $39.3B$39.3B2023+7%2024: $41.0B$41.0B2024+4%2025: $42.0B$42.0B2025+2%
Operating income1112131410$4.5B in 2025+14% since 2019
0$2.0B$4.0B$6.0B2019: $4.0B$4.0B20192020: $4.1B$4.1B2020+2%2021: $5.7B$5.7B2021+39%2022: $3.6B$3.6B2022−36%2023: $2.5B$2.5B2023−30%2024: $4.4B$4.4B2024+72%2025: $4.5B$4.5B2025+3%
Net income1112131410$4.2B in 2025+86% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $2.2B$2.2B20192020: $3.2B$3.2B2020+42%2021: $7.0B$7.0B2021+120%2022: $4.9B$4.9B2022−30%2023: $2.1B$2.1B2023−58%2024: $4.2B$4.2B2024+103%2025: $4.2B$4.2B2025+0%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Revenues$42.0B$41.0B$39.3B
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax$9.0M-$2.0M$23.0M
Other Comprehensive Income (Loss), Other Components, Net of Tax$17.0M-$22.0M$2.0M
Gain on sale of business$231.0M$0$0
Non-operating FAS pension benefit$541.0M$656.0M$530.0M
General and administrative expenses$4.0B$4.0B$4.0B
Total operating costs and expenses$37.7B$36.7B$36.8B
Operating income$4.5B$4.4B$2.5B
Interest expense-$665.0M-$621.0M-$545.0M
Mark-to-market pension and OPB benefit (expense)$527.0M$443.0M-$422.0M
Other, net$154.0M$168.0M$246.0M
Earnings before income taxes$5.1B$5.0B$2.3B
Federal and foreign income tax expense$886.0M$842.0M$290.0M
Basic earnings per share$29.14$28.39$13.57
Weighted-average common shares outstanding, in millions143.5M shares147.0M shares151.5M shares
Diluted earnings per share$29.08$28.34$13.53
Weighted-average diluted shares outstanding, in millions143.8M shares147.3M shares152.0M shares
Net earnings (from above)$4.2B$4.2B$2.1B
Other comprehensive income (loss), net of tax$26.0M-$24.0M$25.0M
Comprehensive income$4.2B$4.2B$2.1B

Compare Northrop Grumman Corporation with another company

Corporate structure

Northrop Grumman Corporation sits at the top of its group. 23 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Northrop Grumman Corporation

  • Capital International Investors Filed SCHEDULE 13G/A on Northrop Grumman Corporation, latest Aug 12, 2026 (7 filings since Feb 11, 2022)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Northrop Grumman Corporation, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Northrop Grumman Corporation, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G/A on Northrop Grumman Corporation, latest Nov 12, 2024 (5 filings since Feb 3, 2022)
  • State Street Corporation Filed SC 13G/A on Northrop Grumman Corporation, latest Jan 30, 2024 (3 filings since Feb 14, 2022)
  • Wellington Management Company Filed SC 13G/A on Northrop Grumman Corporation, latest Feb 6, 2023 (2 filings since Feb 4, 2022)

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Northrop Grumman Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.6B10 Dec 31, 2025$19.3B10 Dec 31, 2024+7.0%
Accumulated depreciation$9.6B10 Dec 31, 2025$8.7B10 Dec 31, 2024+10.5%
Property and equipment, net$11.0B10 Dec 31, 2025$10.5B10 Dec 31, 2024+4.1%
Operating-lease assets (leased space)$1.9B10 Dec 31, 2025$1.8B10 Dec 31, 2024+5.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.4B10 Dec 31, 2025$4.4B10 Dec 31, 2024+1.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$17.4B10 Dec 31, 2025$17.5B10 Dec 31, 2024−0.4%
Intangible assets, net (excluding goodwill)$254.0M14 Dec 31, 2024$305.0M14 Dec 31, 2023−16.7%
Finite-lived intangibles, gross$3.4B10 Dec 31, 2025$3.4B10 Dec 31, 20240%
Accumulated amortization$3.2B10 Dec 31, 2025$3.1B10 Dec 31, 2024+1.5%
Finite-lived intangibles, net$208.0M10 Dec 31, 2025$254.0M10 Dec 31, 2024−18.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.3B10 Dec 31, 2025$1.5B10 Dec 31, 2024−10.0%
Raw materials$306.0M10 Dec 31, 2025$293.0M10 Dec 31, 2024+4.4%
Work in process$945.0M10 Dec 31, 2025$1.1B10 Dec 31, 2024−15.5%
Finished goods$58.0M10 Dec 31, 2025$44.0M10 Dec 31, 2024+31.8%

Properties, in its own words

At December 31, 2025, we had approximately 53 million square feet of floor space at 446 separate locations, primarily in the U.S., for manufacturing, warehousing, research and testing, administration and various other uses. We leased to third parties approximately 42,000 square feet of our owned and leased facilities. The company’s major operations are at the following locations:

Sierra Vista, AZ; El Segundo, Mojave, Palmdale and San Diego, CA; Melbourne and St. Augustine, FL; Iuka and Moss Point, MS; Beavercreek, OH; Oklahoma City, OK; and Clearfield and Layton, UT.

The rest of Item 2

Huntsville and Madison, AL; Mesa, AZ; Northridge, CA; Warner Robins, GA; Lake Charles, LA; Elkton, MD; Elk River and Plymouth, MN; Ogden and Roy, UT; Dulles, McLean and Radford, VA; and Keyser, WV. Locations outside the U.S. include Australia.

Manhattan Beach, McClellan, San Diego, Sunnyvale and Woodland Hills, CA; Apopka, FL; Rolling Meadows, IL; Annapolis, Annapolis Junction, Baltimore, Elkridge, Halethorpe, Linthicum and Sykesville, MD; Bethpage and Williamsville, NY; Cincinnati, OH; Salt Lake City, UT; and Chantilly, Charlottesville and Waynesboro, VA. Locations outside the U.S. include France, Germany, Italy and the United Kingdom.

Huntsville, AL; Chandler and Gilbert, AZ; Azusa, Carson, Los Angeles, Manhattan Beach, Oxnard, Redondo Beach and San Diego, CA; Aurora, Boulder and Colorado Springs, CO; Beltsville, Elkridge and Hanover, MD; Devens, MA; Clearfield, Corinne, Magna, Salt Lake City and Tremonton, UT; and Dulles, Fairfax, McLean and Sterling, VA.

Corporate

Falls Church, VA.

Square feet (in thousands) · Owned · Leased · U.S. GovernmentOwned/Leased · Total

Aeronautics Systems · 3,050 · 7,020 · 3,414 · 13,484

Defense Systems · 1,009 · 4,418 · 2,304 · 7,731

Mission Systems · 8,243 · 4,243 · — · 12,486

Space Systems · 10,321 · 7,516 · 559 · 18,396

Corporate · 372 · 226 · — · 598

Total · 22,995 · 23,423 · 6,277 · 52,695

We maintain our properties in good operating condition and believe the productive capacity of our properties is adequate to meet current contractual requirements and those for the foreseeable future.

Item 2 of the 10-K filed Jan 27, 2026.18

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Leroy R. Grumman established the Grumman Aircraft Engineering Corporation in December 1929 on Long Island, New York. By 1939, the company had expanded and relocated to Bethpage, New York. Among Grumman's well known naval aviation products was the F-14 Tomcat. During World War II the company built most US Navy aircraft, including the TBF Avenger, F4F Wildcat, and F6F Hellcat. After the war it branched out into making the first aluminum canoes using left-over materials no longer needed for aircraft. Later the firm created a myriad of products such as ballistic missiles, all-weather radars, the Apollo Lunar Module, land and sea-based fighter aircraft and Stealth bombers.

Founded in California in 1939 by Jack Northrop, the Northrop Corporation was reincorporated in Delaware in 1985. Northrop made a series of lightweight fighter aircraft such as the F-5, YF-17, and F-20. Northrop was best known for its experimental flying wing aircraft, the XB-35 and YB-49 of the late 1940s and early 1950s. These flying wing aircraft, while unsuccessful, paved the way for the B-2 Spirit Stealth Bomber, on which Northrop was the prime contractor. During World War II, Northrop made the P-61 Black Widow, the first aircraft designed as a night fighter. After the end of the Cold War, Northrop made a series of acquisitions, buying Grumman Aerospace, Westinghouse and TRW Inc. in addition to a number of other enterprises.

In 2018, Northrop Grumman completed the purchase of Orbital ATK, which was renamed to Northrop Grumman Innovation Systems. Innovation Systems was integrated into other parts of the business in a reorganization the following year.

1990s

In 1994, Northrop Aircraft bought Grumman Aerospace, which built the Apollo Lunar Module, to create Northrop Grumman (NG) at a cost of $2.1 billion. After 1994, Northrop Grumman made several major acquisitions, including Vought, Logicon, Xetron Corporation, the defense electronics business of Westinghouse Electronic Systems, and Ryan Aeronautical.

Northrop has competed in the Advanced Tactical Fighter program, submitting the YF-23 to compete against the F-22 Raptor in 1991.

Northrop partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team.

In 1998, a merger between Northrop Grumman and competitor Lockheed Martin was considered but abandoned after resistance from the Department of Defense and Department of Justice. That same year, it acquired Inter-National Research Institute Inc. In 1999, the company acquired Teledyne Ryan, developer of surveillance systems and unmanned aircraft, California Microwave, Inc., and the Data Procurement Corporation. In 1999, Northrop Grumman and SAIC created AMSEC LLC as a joint venture, which grew "from $100 million in revenue in 2000 to approximately $500 million in fiscal year 2007".

2000s

In 2000, NG acquired Federal Data Corporation, Navia Aviation As, Comptek Research, Inc., and Sterling Software, Inc.

Read the full text

In 2001, the company acquired Litton Industries, a shipbuilder and defense electronics systems provider for the U.S. Navy. During the acquisition process, a new Delaware holding company, NNG, Inc., was formed, which merged with Northrop Grumman through a one-for-one common shares exchange in April 2001. Both Northrop Grumman and Litton became subsidiaries of the new holding company. The original Northrop Grumman Corporation then changed its name to "Northrop Grumman Systems Corporation"; the holding company, NNG, Inc., changed its name to "Northrop Grumman Corporation". Later that year, Northrop Grumman acquired Newport News Shipbuilding.

In 2002, Northrop Grumman acquired TRW Inc. Northrop incorporated TRW's space and laser capabilities and system manufacturing infrastructure into its newly created Space Technology sector based in Redondo Beach, California (Space Park), and the Mission Systems sector based in Reston, Virginia.

In July 2003, the company received a $48 million contract to train the Iraqi Army.

In August 2005, the United Kingdom paid $1.2 billion in a contract with the company to provide maintenance of its AWACS radar.

In November 2005, the company won a $2 billion contract with Virginia to overhaul most of the state's IT operations.

On January 1, 2006, Northrop Grumman opened its business sector called 'Technical Services'. Northrop Grumman and Boeing collaborated on a design concept for NASA's upcoming Orion spacecraft (previously the Crew Exploration Vehicle), but the contract went to rival Lockheed Martin on August 31, 2006.

In 2006, Northrop Grumman had intended to bid for the U.S. Air Force's Next-Generation Bomber. Though it has not built a large manned aircraft since wrapping up B-2 Spirit production in the 1990s, the company has "been working hard to turn that perception around, with the skills and capabilities that back it up". However, by 2009, the teams working on that project were dispersed, as USAF's focus turned to a long-range strike instead. Northrop Grumman was one of two teams competing for the Long Range Strike Bomber, and in October 2015 won that contract.

On July 20, 2007, Northrop Grumman became the sole owner of Burt Rutan's Scaled Composites.

In 2007, Northrop Grumman created 'National Workforce Centers' as an alternative to offshoring. Locations are Auburn, Alabama; Corsicana, Texas; Fairmont, West Virginia; Helena, Montana; Johnstown, Pennsylvania; and Lebanon, Virginia. The Rapid City, South Dakota location closed in January 2012.

In August 2007, Northrop Grumman acquired Scaled Composites in which it had previously owned a 40% stake.

In June 2008, Northrop Grumman began working with DHS Systems LLC, manufacturer of the Deployable Rapid Assembly Shelter (DRASH) in New York, as part of the U.S. Army's Standard Integrated Command Post System program.

In July 2008, three of four Northrop Grumman employees (Thomas Howes, Marc Gonsalves and Keith Stansell) were freed during Operation Jaque after five years of captivity following their 2003 aircraft crash in the Colombian jungle. The fourth employee, Tom Janis, had been killed by the FARC shortly after the crash.

2010s

In March 2011, Northrop Grumman spun off its Shipbuilding unit as Huntington Ingalls Industries.

In July 2013, Northrop Grumman won a training-simulation contract potentially worth $490 million to support the U.S. Air Force's next-generation aerial warfare virtual-training network.

In 2015, Northrop Grumman won a contract for the DARPA Tactically Exploited Reconnaissance Node (TERN) program.

In March 2015, the company delivered the first shipset for Australian EA-18G Growler.

In October 2015, the US Military awarded Northrop Grumman the contract for the successor to the B-1 and B-52, subsequently identified as the B-21. The initial value is $21.4 billion, and could eventually be worth up to $80 billion.

In September 2017, Northrop announced the acquisition of missile and rocket manufacturer Orbital ATK Inc for $9.2 billion: $7.8 billion in cash plus $1.4 billion in net debt. On November 29, 2017, the acquisition was approved by Orbital ATK stockholders and on June 6, 2018, the merger closed after final FTC approval. The acquired company assets and naming were absorbed and become a division named Northrop Grumman Innovation Systems.

In January 2018, Northrop Grumman became the primary contractor for the James Webb Space Telescope.

On June 7, 2018, the acquisition of Orbital ATK was completed, and it was absorbed in Northrop Grumman as a new business sector called Northrop Grumman Innovation Systems.

2020s

Effective January 1, 2020, the NGIS division was split, with most of the sector merging with other Northrop Grumman businesses into a new Space Systems sector.

In June 2020, NASA granted a $935 million contract to Northrop Grumman for the Lunar Gateway Habitation and Logistics Outpost (HALO) module, based on its Cygnus cargo spacecraft. In July 2022, Northrop subcontracted Solstar to provide the wireless-enabling technology to enable a Wi-Fi access for employees and equipment in the module.

In September 2020, Northrop ended development of the OmegA space launch vehicle, intended to carry the U.S. government's national security satellites into space.

In September 2020, Northrop Grumman won a $298 million sole-source contract for the Evolved Strategic Satcom program, an anti-jam communications satellite program intended to replace the Advanced Extremely High Frequency (AEHF) satellite program where Northrop Grumman was a subcontractor to Lockheed Martin.

In February 2021, Northrop sold its federal IT and mission support business to Veritas Capital for $3.4 billion.

In March 2021, NASA awarded Northrop Grumman the contract to develop the Mars Ascent Propulsion System for a Mars sample-return mission. Northrop designed a solid-fueled rocket to launch samples collected by the Perseverance rover from Mars to Earth.

In August 2022, Northrop Grumman announced it was moving production of the engines and structures for its Antares rockets to the U.S. from Russia and Ukraine in partnership with Texas-based Firefly Aerospace. Northrop Grumman and Firefly Aerospace are jointly producing an upgraded version of the Antares rocket, the Antares 330.

Northrop Grumman's B-21 Raider entered test flights in 2023, with the goal of delivering the first plane by the end of the decade.

On September 15, 2023, Northrop Grumman was sanctioned by the Chinese government due to U.S. arms sales to Taiwan.

In May 2024, Northrop Grumman unveiled the Manta Ray, an underwater drone developed for the Defense Advanced Projects Research Agency (DARPA). The drone, which resembles its namesake sea creature, was designed to carry out long-duration, long-range military missions, including extended loitering on the sea bottom. The craft uses two four-bladed propellers on the wings to enhance the propulsion provided by its gliding system, which glides forward while moving up and down in the water column by changing its buoyancy. With an emphasis on minimal human oversight, the creation of the Manta Ray represents a significant advancement in unmanned underwater vehicles (UUV) technology.

In September 2024, Northrop Grumman won the U.S. Missile Defense Agency (MDA) competition to develop and build the Glide Phase Interceptor (GPI). In 2025, the company secured a contract with the U.S. Space Force to test in-space satellite refueling technology Northrop developed. Northrop Grumman is also constructing ground stations to support the Next-Generation Overhead Persistent Infrared program. In May 2025, the company invested $50 million in space startup Firefly to support production of their "Eclipse" rocket.

From Wikipedia’s article on Northrop Grumman, shared under CC BY-SA 4.0.8

Leadership

Who has led Northrop Grumman Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (77)

Products and brands

Products

The company's Aeronautics Systems division (29% of 2024 revenues) develops the B-21 Raider strategic bomber that can drop conventional and thermonuclear weapons (forecasted to be ready for combat in 2029), the B-2 Spirit strategic bomber (which will be replaced by the B-21), fuselage and radar production for the Lockheed Martin F-35 Lightning II Joint Strike Fighter and F/A-18 Super Hornet, Grumman E-2 Hawkeye airborne early warning and control, MQ-4C Triton unmanned aerial vehicle, and the NATO Alliance Ground Surveillance Force.

The company's defense systems division (19% of 2024 revenues) designs the modernization of the intercontinental ballistic missile system including the LGM-35 Sentinel, the Integrated Air and Missile Defense Battle Command System, Vinnell training, and the M1156 precision guidance kit.

The company's mission systems division (25% of 2024 revenues) creates military radar, sensors, and related products, including C4I radar systems for air defense, Airspace Management radar systems such as AWACS, Multi-Platform Radar Technology Insertion Program, night vision goggles, Airport Movement Area Safety System, and battlefield surveillance systems like the Airborne Reconnaissance Low (ARL). Tactical aircraft sensors include the AN/APG-68 radar, the AN/APG-80 active electronically scanned array radar, and the AN/APG-83 AESA radar for the F-16 Fighting Falcon, the AN/APG-77 AESA radar for the F-22 Raptor, the AN/APG-81 AESA radar for the F-35 Lightning II, and the AN/AAQ-37 electro-optical Distributed Aperture System (DAS) for the F-35, and the APQ-164 Passive Electronically Scanned Array (PESA) radar for the B-1 Lancer.

The company's space systems division (27% of 2024 revenues) develops Satcom communications satellites, Next-Generation Overhead Persistent Infrared satellites, the Cygnus uncrewed spacecraft, motors for the NASA Space Launch System, logistics support for the Lunar Gateway, Graphite-Epoxy Motor solid rocket boosters, and satellites for the Norwegian Space Agency.

Read the full text

Northrop Grumman Computing Systems, Inc., provides computing services to businesses.

Operations

Northrop Grumman’s business is focused on developing new technology in various sectors, including land, sea, air, space, and cyber domains. Formally, as of 2019 the company is divided into four operating sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems.

Aeronautics Systems

Aeronautics Systems, headquartered in Palmdale, California, produces military aircraft, autonomous systems, and aerospace structures for the U.S. and other nations. Major products include the E-2D Advanced Hawkeye, an airborne early warning and control aircraft used by the U.S. Navy; the B-2 Spirit, a strategic bomber introduced in 1988; the B-21 Raider, a strategic bomber with a first flight in 2023; and the MQ-4C Triton, a high-altitude long endurance unmanned aerial system for maritime surveillance.

Mission Systems

Mission Systems, headquartered in Linthicum, Maryland, creates military radar, sensors, and microelectronics like semiconductor chips. This unit developed the AN/APG-83 Scalable Agile Beam Radar upgrade for the F-16 Fighting Falcon and the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). It also developed the Integrated Viper Electronic Warfare Suite, a tool to improve situational awareness and detect electronic threats against an aircraft.

Space Systems

The Space Systems sector, headquartered in McLean, Virginia, provides space and launch systems to commercial and government customers. Northrop Grumman's space operations include construction of the James Webb Space Telescope and the construction and operation of the Cygnus spacecraft that delivers supplies to the International Space Station. The company is also creating the Habitation and Logistics Outpost (HALO) module for NASA's Lunar Gateway and has begun development of the Next-Generation Overhead Persistent Infrared Polar (NGP) as part of efforts to modernize U.S. missile defense systems.

Northrop Grumman produces solid rocket motors, including for Space Launch Systems and for Graphite-Epoxy Motors, and developed the Glide Phase Interceptor. The company is a contractor for the Space Development Agency's Tranche 1 Transport and Tracking Layer. In April 2025, the U.S. Space Force gave Northrop Grumman a contract for Elixir, a new mission to develop and demonstrate a satellite refueling capability.

Defense Systems

Northrop Grumman's Defense Systems unit encompasses products related to technology services, directed energy, information systems, and tactical weapons. The company supplies the U.S. Army with its Integrated Battle Command System (IBCS), which operates on a modular open systems architecture framework to network sensors and interceptors among different operators. Other products of this unit include the LGM-35 Sentinel intercontinental ballistic missile program, Bushmaster chain guns, the AARGM-ER anti-radiation missile, and the M1156 precision guidance kit.

From Wikipedia’s article on Northrop Grumman, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Owners

Subsidiaries

Also owns

Subsidiaries (Exhibit 21)

  • Northrop Grumman Overseas Holdings, Inc. Delaware9
  • Northrop Grumman Systems Corporation Delaware9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. Succeeded Grumman1
  2. Succeeded Northrop1

Employees over time

  • 201565,6001

Former names

  • NNG INCFeb 1, 2001 to Apr 2, 20017

Timeline

  1. Aug 21, 20268-K Executive or director change108
  2. Jul 21, 20268-K Results of operations109
  3. May 21, 20268-K Shareholder vote110
  4. Apr 21, 20268-K Results of operations111
  5. Feb 13, 20268-K Executive or director change112
  6. Jan 27, 20268-K Results of operations113
  7. Nov 6, 20258-K Executive or director change114
  8. Oct 21, 20258-K Results of operations115
  9. Sep 2, 20258-K Entered a material agreement116
  10. Jul 22, 20258-K Results of operations117
  11. May 29, 20258-K Entered a material agreement; New debt or obligation118
  12. May 28, 20258-K Regulation FD disclosure119
  13. Jan 1, 2019New chief executive Kathy J. Warden becomes CEO1
  14. Aug 23, 2011New chief executive Wesley Bush becomes CEO1
  15. Feb 17, 2006New chief executive Ronald Sugar becomes CEO21
  16. 1994Founded Founded1

Calendar

Coming up

  1. Oct 20, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $7.67 a share, on Oct 21, 2025.120

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results109
  2. Apr 21, 2026Reported quarterly or annual results111
  3. Jan 27, 2026Reported quarterly or annual results113
  4. Oct 21, 2025Reported quarterly or annual results115
  5. Jul 22, 2025Reported quarterly or annual results117
  6. Apr 22, 2025Reported quarterly or annual results121
  7. Jan 30, 2025Reported quarterly or annual results122
  8. Oct 24, 2024Reported quarterly or annual results123

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

507 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 304 insider forms, 23 large holders, 110 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Aug 21, 20264 EDGAR
  4. Aug 21, 20268-K EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Aug 4, 20264 EDGAR
  7. Jul 24, 2026144 EDGAR
  8. Jul 21, 202610-Q EDGAR
  9. Jul 21, 20268-K EDGAR
  10. Jul 1, 20264 EDGAR
  11. Jul 1, 20264 EDGAR
  12. Jun 11, 202611-K/A 11-K/A (AMENDMENT NO. 1) EDGAR
  13. Jun 11, 202611-K/A 11-K/A (AMENDMENT NO. 1) EDGAR
  14. Jun 11, 202611-K FORM 11-K - FSSP EDGAR
  15. Jun 11, 202611-K FORM 11-K - NGSP EDGAR
  16. May 28, 2026SD EDGAR
  17. May 21, 20268-K EDGAR
  18. May 21, 20264 EDGAR
  19. May 21, 20264 EDGAR
  20. May 21, 20264 EDGAR

The 507 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

95 open-market trades by officers, directors and large owners since October 2021: 0 buys and 95 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 3, 2026WELSH MARK A IIIDirectorSale95$547.53$52.0KForm 4
May 4, 2026WELSH MARK A IIIDirectorSale95$571.68$54.3KForm 4
Mar 2, 2026Simpson Kathryn GCorp VP & General CounselSale873$745.00$650.4KForm 4
Feb 27, 2026ROEDER ROSHAN SCVP & Pres. Mission SystemsSale1,754$720.00$1.3MForm 4
Feb 19, 2026Simpson Kathryn GCorp VP & General CounselSale194$727.62$141.2KForm 4
Feb 19, 2026ROEDER ROSHAN SCVP & Pres. Mission SystemsSale512$727.62$372.5KForm 4
Feb 19, 2026Hardesty Michael ACorp VP, Controller & CAOSale147$732.98$107.7KForm 4
Feb 18, 2026Davies Benjamin R.CVP & Pres. Defense SystemsSale2,189$719.61$1.6MForm 4
Feb 17, 2026Hardesty Michael ACorp VP, Controller & CAOSale716$700.63$501.6KForm 4
Feb 17, 2026Simpson Kathryn GCorp VP & General CounselSale779$702.56$547.3KForm 4
Feb 17, 2026ROEDER ROSHAN SCVP & Pres. Mission SystemsSale318$702.56$223.4KForm 4
Feb 13, 2026Hardesty Michael ACorp VP, Controller & CAOSale784$702.43$550.4KForm 4
Feb 6, 2026Warden Kathy JChair, CEO and PresidentSale20,000$708.82$14.2MForm 4
Feb 2, 2026WELSH MARK A IIIDirectorSale95$684.52$65.0KForm 4
Jan 6, 2026Warden Kathy JChair, CEO and PresidentSale3,000$615.00$1.8MForm 4
Jan 5, 2026Warden Kathy JChair, CEO and PresidentSale7,000$600.00$4.2MForm 4
Dec 9, 2025ROEDER ROSHAN SCVP & Pres. Mission SystemsSale84$555.35$46.6KForm 4
Nov 24, 2025WELSH MARK A IIIDirectorSale97$564.08$54.7KForm 4
Jul 17, 2025Jones Thomas HCVP & Pres Aeronautics SystemsSale729$525.00$382.7KForm 4
Jul 7, 2025WELSH MARK A IIIDirectorSale33$506.67$16.7KForm 4

All 95 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kathy J. WardenChair, Chief Executive Officer and President$1.8M$25.4M130
2025Robert J. FlemingCorporate Vice President and President, Space Systems$807.3K$6.2M130
2025Roshan S. RoederCorporate Vice President and President, Mission Systems$807.3K$5.7M130
2025Thomas H. JonesCorporate Vice President and President, Aeronautics Systems$835.2K$5.6M130
2025Kenneth B. CrewsFormer Corporate Vice President and Chief Financial Officer$850.0K$5.2M130
2024Kathy J. WardenChair, Chief Executive Officer and President$1.8M$24.4M130
2024Thomas H. JonesCorporate Vice President and President, Aeronautics Systems$810.2K$5.7M130
2024Robert J. FlemingCorporate Vice President and President, Space Systems$770.2K$5.7M130
2024Roshan S. RoederCorporate Vice President and President, Mission Systems$770.2K$5.6M130
2024Kenneth B. CrewsFormer Corporate Vice President and Chief Financial Officer$496.4K$3.5M130
2023Kathy J. WardenChair, Chief Executive Officer and President$1.7M$24.7M130
2023Thomas H. JonesCorporate Vice President and President, Aeronautics Systems$785.2K$5.5M130
2023Roshan S. RoederCorporate Vice President and President, Mission Systems$750.0K$5.4M130

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
State Street Corp13,169,195$6.7B0.2%+168,267
BlackRock, Inc.11,783,817$6.0B0.1%+901,299
Vanguard Capital Management LLC8,997,139$4.6B0.1%+47,912
Capital International Investors5,852,674$3.0B0.6%−1,243,791
Capital World Investors5,062,384$2.6B0.3%−1,829,766
Wellington Management Group Llp4,932,780$2.5B0.4%−37,879
Vanguard Portfolio Management LLC3,595,011$1.8B0.1%+89,908
Morgan Stanley3,562,274$1.8B0.1%−46,464
Franklin Resources Inc3,374,876$1.7B0.4%+95,740
Geode Capital Management, LLC3,261,247$1.7B0.1%+48,073
Bank Of America Corp /de/2,548,822$1.3B0.1%−96,038
Invesco Ltd.1,851,055$942.8M0.1%+194,238
Sanders Capital, LLC1,828,249$931.1M0.9%−38,978
Jpmorgan Chase & Co1,400,270$694.6M0.0%−647,331
Fmr LLC1,303,808$664.0M0.0%−801,654
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,180,299$601.1M0.7%+487,434
Massachusetts Financial Services Co /ma/1,121,257$572.2M0.2%−398,239
Northern Trust Corp1,113,765$567.3M0.1%+25,431
Goldman Sachs Group Inc1,065,110$542.5M0.1%−68,351
Ameriprise Financial Inc1,042,987$531.4M0.1%+29,680
Dimensional Fund Advisors LP1,017,590$518.2M0.1%+56,900
Charles Schwab Investment Management Inc881,615$449.0M0.1%+8,760
Royal Bank Of Canada841,394$428.5M0.1%+95,084
Nuveen, LLC768,968$391.6M0.1%−19,300
Vanguard Fiduciary Trust Co756,396$385.2M0.1%−1,259

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

42 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−48.1%Report
Dec 29, 2025Steve CohenDemocratic, HousePartial sale$15,001 - $50,000+25.7%Report
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000+29.8%Report
Sep 5, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+33.2%Report
Jul 11, 2025Ritchie TorresDemocratic, HouseSale$1,001 - $15,000+26.7%Report
Jun 24, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+24.0%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−30.0%Report
May 30, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−27.9%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+24.2%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+43.2%Report
Mar 19, 2025Sheri BiggsRepublican, HouseSale$15,001 - $50,000+34.4%Report
Oct 29, 2024Val T. HoyleDemocratic, HouseBuy$1,001 - $15,000−33.5%Report
Sep 26, 2024Ritchie TorresDemocratic, HouseBuy$1,001 - $15,000−39.6%Report
Sep 4, 2024John JamesRepublican, HouseSale$1,001 - $15,000+44.7%Report
Jul 19, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−26.5%Report
Jul 5, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+24.2%Report
Jul 1, 2024Jared MoskowitzDemocratic, HouseSale$1,001 - $15,000+26.7%Report
Jun 18, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+23.4%Report
Dec 29, 2023Josh GottheimerDemocratic, HouseBuy$15,001 - $50,000−55.6%Report
Nov 10, 2023John JamesRepublican, HouseBuy$1,001 - $15,000−67.3%Report
Sep 26, 2023Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−64.1%Report
Sep 8, 2023Lois FrankelDemocratic, HouseSale$1,001 - $15,000+55.0%Report
Jul 19, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+56.6%Report
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−84.6%Report
Jan 31, 2023Daniel S. GoldmanDemocratic, HousePartial sale$15,001 - $50,000+78.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Northrop Grumman Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNORTHROP GRUMMAN CORP /DE/2
  • CIK0001133421
  • Employer ID (EIN)80-064064918
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3812 Search, Detection, Navigation, Guidance, Aeronautical Sys2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address2980 Fairview Park Drive, C/O Northrop Grumman Corp, Falls Church, VA 220422
  • Phone703-280-29002
  • Shares outstanding142,063,026 as of Jul 16, 202616
  • Public float$71.5B as of Jun 30, 202518
  • AuditorDeloitte & Touche LLP, McLean, Virginia PCAOB ID 34; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceFeb 1, 20012
  • Filings3,211 in all: 4 (1,955), 8-K (303), 425 (117), 4/A (79), 10-Q (77), 11-K (75), 3 (72), SC 13G/A (64)2
    All 55 form types

    144 (53), SC TO-T/A (40), DEFA14A (34), SC 13G (31), DEF 14A (26), 10-K (24), 424B5 (23), S-4/A (16), SC 13D/A (16), UPLOAD (16), 3/A (14), NO ACT (14), SD (13), CORRESP (12), S-8 (12), ARS (10), FWP (10), S-8 POS (10), 8-K/A (9), PRE 14A (9), 424B3 (8), S-3ASR (7), PX14A6G (6), SC 13D (6), S-4 (5), SCHEDULE 13G/A (5), 11-K/A (4), 8-A12B (4), DFAN14A (4), POSASR (4), S-3 (3), 5 (2), DEFC14A (2), POS AM (2), PRRN14A (2), SC TO-T (2), 10-K405 (1), 25 (1), 25-NSE (1), 424B2 (1), 8-A12B/A (1), EFFECT (1), PREC14A (1), PREM14C (1), PREN14A (1), S-3MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Jan 27, 2026
    Quarterly report (10-Q) Jul 21, 2026
    Proxy statement (DEF 14A) Apr 3, 2026
    Latest 8-K (8-K) Aug 21, 2026

Securities registered for trading

ClassSymbolExchange
Common StockNOCNew York Stock Exchange

From the cover page of the 10-K filed Jan 27, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Northrop Grumman Corporation names in Item 1A of its 10-K filed Jan 27, 2026: 21 risks under these headings, as written.18

  • Industry and Economic Risks
  • •We depend heavily on a single customer, the U.S. government, for a substantial portion of our business. Changes in this customer’s strategies, priorities, preferences and spending could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Significant delays or reductions in appropriations for our programs or U.S. government funding more broadly, including a prolonged continuing resolution, government shutdown or breach of the debt ceiling, and future budget and program decisions can negatively impact our business and programs and could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •We use estimates when accounting for contracts. Contract cost growth or changes in estimated contract revenues and costs can affect our profitability and could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Competitive dynamics within our markets may affect our ability to win new contracts and result in reduced revenues, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •The global macroeconomic environment has negatively impacted and could in the future negatively impact our business, and if we are unable to mitigate such challenges, it could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • Legal and Regulatory Risks
  • •We are subject to various investigations, claims, disputes, enforcement actions, litigation, and other legal proceedings that could ultimately be resolved against us and could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •As a U.S. government contractor, we and our partners are subject to various procurement and other laws, regulations and contract terms applicable to our industry, as well as those more broadly applicable to industry, and changes in such laws, regulations or terms, any negative findings by the U.S. government as to our or our partners’ compliance with them, and changes in our customers’ business practices globally could affect our ability to compete and have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •The improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which we participate can impact our reputation and our ability to do business, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Environmental matters, unforeseen costs associated with compliance and remediation efforts, and government and third-party claims, could have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows.
  • •Unanticipated changes in our tax provisions or an increase in our tax liabilities, whether due to changes in applicable laws and regulations, the interpretation or application thereof, or a final determination of tax audits or litigation or agreements, could have a material adverse effect on our financial position, results of operations and/or cash flows.
The other 11 risks
  • Business and Operational Risks
  • •Cyber and other security threats or disruptions could have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows.
  • •Our earnings and profitability depend, in part, on the performance, financial viability, and compliance with regulatory requirements globally of our subcontractors and suppliers, as well as on the availability and pricing of highly skilled labor, raw materials, chemicals, parts, and components. The disruption of one or more of these factors could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •If we are unable to attract and retain a qualified workforce necessary for our business, we may be unable to maintain our competitive position, meet the needs of our customers or achieve our results, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Our international business exposes us to additional risks, including risks related to geopolitical and economic factors, laws and regulations, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Our future success depends, in part, on our ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies, facilities and equipment to win new competitions and meet the needs of our customers. Failure to do so or meet our contractual obligations that require innovative design could adversely affect our profitability, reputation and future prospects and have a material adverse effect on our financial condition, results of operations and/or cash flows.
  • •Our business is subject to significant disruptions caused by natural disasters or other events outside of our control, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •We provide products and services, including related to hazardous and high risk operations, which subjects us to various environmental, regulatory, financial, reputational and other risks, and if any of these risks were to materialize, it could have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows.
  • •We may not be able to adequately protect and fully exploit our intellectual property rights or obtain necessary rights to intellectual property of others, which could materially and adversely affect our ability to compete and perform on contracts, and have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows.
  • General and Other Risk Factors
  • •Our insurance coverage, customer indemnifications or other liability protections may be unavailable or inadequate to cover our significant risks, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Depending upon the investment performance of plan assets, changes in actuarial assumptions, and legislative or other regulatory actions, pension and other postretirement benefit (OPB) obligations and related expenses and funding requirements may fluctuate significantly and could have a material adverse effect on our financial position, results of operations and/or cash flows.
  • •Business investments and/or recorded goodwill and other long-lived assets may become impaired, which could have a material adverse effect on our financial condition and/or results of operations.

Legal proceedings

We have provided information about certain legal proceedings in which we are involved in Notes 10 and 11 to the consolidated financial statements.

We are a party to various investigations, lawsuits, arbitration, claims, enforcement actions and other legal proceedings, including government investigations and claims, that arise in the ordinary course of our business. These types of matters could result in administrative, civil or criminal fines, penalties or other sanctions (which terms include judgments or convictions and consent or other voluntary decrees or agreements); compensatory, treble or other damages; non-monetary relief; or other liabilities. Government regulations provide that certain allegations against a contractor may lead to suspension or debarment from future government contracts or suspension of export privileges for the company or one or more of its components. The nature of legal proceedings is such that we cannot assure the outcome of any particular matter. For additional information on pending matters, please see Notes 10 and 11 to the consolidated financial statements, and for further information on the risks we face from existing and future investigations, lawsuits, arbitration, claims, enforcement actions and other legal proceedings, please see “Risk Factors.”

Consistent with SEC Regulation S-K Item 103, we have elected to disclose those environmental proceedings with a governmental entity as a party where the company reasonably believes such proceeding would result in monetary sanctions, exclusive of interest and costs, of $1.0 million or more.

The opening of Item 3, Legal Proceedings.18

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