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Northrop Grumman Corp  (NOC)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 
Price: $424.0900 $0.67 0.158%
Day's High: $424.11 Week Perf: -2.68 %
Day's Low: $ 418.60 30 Day Perf: -9.7 %
Volume (M): 1,086 52 Wk High: $ 496.89
Volume (M$): $ 460,392 52 Wk Avg: $456.91
Open: $422.09 52 Wk Low: $414.56



 Market Capitalization (Millions $) 63,317
 Shares Outstanding (Millions) 149
 Employees 88,000
 Revenues (TTM) (Millions $) 40,122
 Net Income (TTM) (Millions $) 2,158
 Cash Flow (TTM) (Millions $) 566
 Capital Exp. (TTM) (Millions $) 1,736

Northrop Grumman Corp
Northrop Grumman Corporation provides technologically advanced, innovative products, services, and solutions in defense and commercial electronics, nuclear and non-nuclear shipbuilding, information technology, mission systems, systems integration, and space technology. As prime contractor, principal subcontractor, partner, or preferred supplier, Northrop Grumman participates in many high-priority defense and commercial technology programs in the United States and abroad.

Originally formed in California in 1939, Northrop Corporation was reincorporated in Delaware in 1985. In 1994 the company purchased the outstanding common stock of Grumman Corporation and, effective May 18, 1994, Northrop Corporation was renamed Northrop Grumman Corporation. On April 2, 2001, NNG, Inc., a newly formed Delaware holding company, exchanged its common shares for all of the outstanding Northrop Grumman Corporation common shares on a one-for-one basis, through a merger in which Northrop Grumman Corporation became a subsidiary of NNG, Inc. In connection with this merger, NNG, Inc. changed its name to Northrop Grumman Corporation and the former Northrop Grumman Corporation changed its name to Northrop Grumman Systems Corporation (Northrop Systems).

The company operates in seven business sectors: Electronic Systems, Newport News, Ship Systems, Information Technology, Mission Systems, Integrated Systems, and Space Technology. For financial reporting purposes, the Electronic Systems, Information Technology, Mission Systems, Integrated Systems, and Space Technology sectors are each reportable segments.

While Northrop Grumman is subject to the usual vagaries of the marketplace, it is also affected by the unique characteristics of the defense industry and by certain elements peculiar to its own business mix. Lockheed Martin Corporation, The Boeing Company, Raytheon Company, and General Dynamics Corporation are among the largest companies in the defense industry at this time.

Northrop Grumman competes against these and other companies for a number of programs, both large and small. Intense competition and long operating cycles are both key characteristics of Northrop Grumman's business and the defense industry. It is common in this industry for work on major programs to be shared among a number of companies. A company competing to be a prime contractor may, upon ultimate award of the contract, turn out to be a subcontractor.

It is not uncommon to compete with a peer company and, simultaneously on other contracts, to be either a supplier to or a customer of such competitor. The nature of major defense programs, conducted under binding contracts, allows companies that perform well to benefit from a level of program continuity unknown in many industries.



   Company Address: 2980 Fairview Park Drive Falls Church, 22042 VA
   Company Phone Number: 280-2900   Stock Exchange / Ticker: NYSE NOC
   


Customers Net Income grew by NOC's Customers Net Profit Margin grew to

57.62 %

10.51 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ATRO   -1.13%    
BA   -6.76%    
DCO   -2.07%    
KTOS   -3.25%    
LMT   -1.95%    
TXT   -1.26%    
• View Complete Report
   



Product Service News

Northrop Grumman's B-21 Raider Soars in Flight Tests as Company Reports Impressive Financial Growth

Published Thu, May 23 2024 2:30 PM UTC

The B-21 Raider, Northrop Grumman's highly anticipated long-range stealth bomber, is making significant progress in its flight test campaign at Edwards Air Force Base in California. The latest update from the defense giant showcases the B-21 Raider's achievements and highlights Northrop Grumman's superiority over its competitors.In the first quarter of 2024, Northrop Grumman...

Business Update

Northrop Grumman Collaborates with NVIDIA to Drive AI Innovation

Published Thu, May 16 2024 5:15 PM UTC

Northrop Grumman Corporation (NYSE: NOC), a leading aerospace and defense technology company, recently announced its partnership with NVIDIA, a renowned provider of artificial intelligence (AI) software. This collaboration aims to accelerate Northrop Grumman's development of advanced systems by leveraging NVIDIA's extensive portfolio of AI and generative AI software.Partners...

Dividend

Northrop Grumman Boosts Dividend by 10% amidst Strong Performance and Financial Stability

Published Tue, May 14 2024 9:32 PM UTC

Northrop Grumman Boosts Dividend to Shareholders by 10% while Maintaining Strong Financial Position
FALLS CHURCH, Va., May 14, 2024 ?? Northrop Grumman Corporation (NYSE: NOC) announced today that its board of directors has approved a 10% increase in the quarterly dividend to $2.06 per share on Northrop Grumman common stock. This decision comes as a result of the company...

Northrop Grumman Corp

Northrop Grumman Corp Reports Solid Rise in First Quarter of 2024

Northrop Grumman Corporation (NYSE: NOC) has reported impressive financial results for the first quarter of 2024, showcasing its robust performance in the aerospace and defense industry. The company's revenue from January to March 31, 2024, witnessed a remarkable increase of 8.945% to $10.13 billion compared to $9.30 billion in the previous year's reporting season. Moreover, the net profit per share grew by 14.91% to $6.32 per share, compared to $5.50 in the prior year reporting season.
What sets Northrop Grumman apart is its top-line growth, which rose at a higher rate than its peers in the Aerospace & Defense industry during the first quarter of 2024. While most corporations in the sector experienced an average top-line rise of 2.30% compared to the similar period the year before, Northrop Grumman outperformed with its significant increase of 8.945%.

Product Service News

Northrop Grumman Advances Sentinel Design Phase with Successful Key Tests

Published Tue, Feb 20 2024 2:31 PM UTC

Northrop Grumman Corporation, a prominent aerospace and defense company, has achieved a major milestone in the engineering, manufacturing, and development phase of its Sentinel intercontinental ballistic missile (ICBM) program. The successful completion of crucial tests for various elements of the missile design demonstrates significant progress in Northrop Grumman's efforts...






 

Northrop Grumman's Segments
 
Electronic Systems
 Segment     of total Revenue
Information Technology
 Segment     of total Revenue
Total Aerospace
 Segment     of total Revenue
Technical Services
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Northrop Grumman's Operating Statistics Decrease / Increase
       
Electronic Systems Funded Backlog ($ in millions)   Electronic Systems Funded Backlog ($ in millions) Decline   
Ships New Funded Backlog ($ in millions)     
Information Technology Funded Backlog ($ in millions)   Information Technology Funded Backlog ($ in millions) Decline   
Total Aerospace Funded Backlog ($ in millions)   Total Aerospace Funded Backlog ($ in millions) Decline   
Technical Services Funded Backlog ($ in millions)   Technical Services Funded Backlog ($ in millions) Decline   
Other Funded Backlog ($ in millions)     
Total Funded Backlog ($ in millions)   Total Funded Backlog ($ in millions) Decline   
Electronic Systems Backlog ($ in millions)   Electronic Systems Backlog ($ in millions)  Decline   
Ships Backlog ($ in millions)     
Information Technology Backlog ($ in millions)   Information Technology Backlog ($ in millions)  Decline   
Total Aerospace Backlog ($ in millions)   Total Aerospace Backlog ($ in millions) Decline   
Technical Services Backlog ($ in millions)   Technical Services Backlog ($ in millions) Decline   
Other Backlog ($ in millions)     
Total Backlog ($ in millions)   Total Backlog ($ in millions)  Decline   




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