Northrop Grumman Corp (NYSE: NOC) |
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Northrop Grumman's Customers Performance
NOC
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NOC's Source of Revenues |
Northrop Grumman's Corporate Customers have recorded an advance in their cost of revenue by 7.12 % in the 1 quarter 2025 year on year, sequentially costs of revenue were trimmed by -6.47 %. During the corresponding time, Northrop Grumman Corp saw a revenue deteriorated by -6.56 % year on year, sequentially revenue fell by -11.4 %. While revenue at the Northrop Grumman Corp's corporate clients recorded rose by 8.14 % year on year, sequentially revenue fell by -0.16 %.
• List of NOC Customers
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Northrop Grumman's Customers have recorded an advance in their cost of revenue by 7.12 % in the 1 quarter 2025 year on year, sequentially costs of revenue were trimmed by -6.47 %, for the same period Northrop Grumman Corp revnue deteriorated by -6.56 % year on year, sequentially revenue fell by -11.4 %.
• List of NOC Customers
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Product |
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79.44 % |
of total Revenue |
Service |
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20.56 % |
of total Revenue |
Aeronautics Systems |
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29.72 % |
of total Revenue |
Defense Systems |
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19.06 % |
of total Revenue |
Mission Systems |
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29.65 % |
of total Revenue |
Space Systems |
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27.12 % |
of total Revenue |
US Government |
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84.74 % |
of total Revenue |
International 2 |
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13.58 % |
of total Revenue |
Other Customers |
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1.68 % |
of total Revenue |
Aeronautics Systems US Government |
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24.19 % |
of total Revenue |
Aeronautics Systems International 2 |
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5.05 % |
of total Revenue |
Aeronautics Systems Other Customers |
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0.05 % |
of total Revenue |
Aeronautics Systems InterSales |
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0.43 % |
of total Revenue |
Defense Systems US Government |
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15.33 % |
of total Revenue |
Defense Systems International 2 |
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3.05 % |
of total Revenue |
Defense Systems Other Customers |
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0.21 % |
of total Revenue |
Defense Systems InterSales |
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0.48 % |
of total Revenue |
Mission Systems US Government |
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20.84 % |
of total Revenue |
Mission Systems International 2 |
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5.02 % |
of total Revenue |
Mission Systems Other Customers |
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0.25 % |
of total Revenue |
Mission Systems InterSales |
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3.54 % |
of total Revenue |
Space Systems US Government |
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24.39 % |
of total Revenue |
Space Systems International 2 |
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0.46 % |
of total Revenue |
Space Systems Other Customers |
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1.16 % |
of total Revenue |
Space Systems InterSales |
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1.11 % |
of total Revenue |
Cost Reimbursable |
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52.88 % |
of total Revenue |
Fixed-price |
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47.12 % |
of total Revenue |
Aeronautics Systems Cost Reimbursable |
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14.14 % |
of total Revenue |
Aeronautics Systems Fixed-price |
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15.15 % |
of total Revenue |
Defense Systems Cost Reimbursable |
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10.19 % |
of total Revenue |
Defense Systems Fixed-price |
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8.4 % |
of total Revenue |
Mission Systems Cost Reimbursable |
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12.28 % |
of total Revenue |
Mission Systems Fixed-price |
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13.83 % |
of total Revenue |
Space Systems Cost Reimbursable |
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16.27 % |
of total Revenue |
Space Systems Fixed-price |
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9.75 % |
of total Revenue |
United States |
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86.42 % |
of total Revenue |
Asia Pacific |
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4.4 % |
of total Revenue |
Europe |
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7.44 % |
of total Revenue |
All other |
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1.74 % |
of total Revenue |
Aeronautics Systems United States |
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24.24 % |
of total Revenue |
Aeronautics Systems Asia Pacific |
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2.11 % |
of total Revenue |
Aeronautics Systems Europe |
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2.84 % |
of total Revenue |
Aeronautics Systems All other |
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0.1 % |
of total Revenue |
Defense Systems United States |
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15.54 % |
of total Revenue |
Defense Systems Asia Pacific |
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0.86 % |
of total Revenue |
Defense Systems Europe |
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1.8 % |
of total Revenue |
Defense Systems All other |
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0.4 % |
of total Revenue |
Mission Systems United States |
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21.09 % |
of total Revenue |
Mission Systems Asia Pacific |
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1.35 % |
of total Revenue |
Mission Systems Europe |
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2.52 % |
of total Revenue |
Mission Systems All other |
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1.14 % |
of total Revenue |
Space Systems United States |
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25.55 % |
of total Revenue |
Space Systems Asia Pacific |
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0.08 % |
of total Revenue |
Space Systems Europe |
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0.27 % |
of total Revenue |
Space Systems All other |
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0.11 % |
of total Revenue |
Select the Relationship:
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Select the Category:
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Customers Net Income fell in Q1 by |
Customers Net margin fell to % |
-26.33 % |
7.04 % |
Customers Net Income fell in Q1 by -26.33 % |
Customers Net margin fell to 7.04 % 7.04 % |
Northrop Grumman's Comment on Sales, Marketing and Customers
Our primary customer is the U.S. Government. Revenue from the U.S. Government
(which excludes foreign military sales - a method to sell U.S. defense equipment
and services to foreign governments through the DoD) accounted for 86 percent
or more of total revenues. International sales (which include foreign military
sales) accounted for 10 percent, of total revenue. No single program accounted
for more than ten percent of total revenue.
We generate the majority of our business from long-term contracts with the
U.S. Government for development, production, and support activities. Due to
the long-term nature of our contracts with the U.S. Government and the products
and services covered by these contracts, we generally recognize revenue using
the percentage of completion method of accounting. Under the percentage of completion
method of accounting, revenues are generally recognized as costs are incurred
(cost-to-cost method) or as units are delivered (units-of-delivery method).
Unless otherwise specified in a contract, allowable and allocable costs are
billed to contracts with the U.S. Government under the requirements of the Federal
Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) regulations.
Examples of costs incurred by us and not billed to the U.S. Government in accordance
with the requirements of the FAR and CAS regulations include, but are not limited
to, lobbying costs, certain legal costs, charitable donations, advertising costs
and interest expense. Our long-term contracts typically fall into one of two
broad categories:
Cost-type contracts – Cost-type contracts include cost plus fixed fee,
award fee, and incentive fee contracts. Cost-type contracts provide for reimbursement
of the contractor’s allowable costs incurred plus a fee. Cost-type contracts
generally require that the contractor use its best efforts to accomplish the
scope of the work within some specified time and some stated dollar limitation.
Fees on cost-type contracts can be fixed in terms of dollar value or percentage
of costs. Award and incentive fees are based on performance criteria such as
cost, schedule, quality, and technical performance. Award fees are determined
and earned based on customer evaluation of the companys performance against
negotiated criteria, and are intended to provide motivation for excellence in
contract performance. Incentive fees that are based on cost provide for an initially
negotiated fee to be adjusted later, typically using a formula to measure performance
against the associated criteria, based on the relationship of total allowable
costs to total target costs. Award and incentive fees that can reasonably be
estimated and are deemed reasonably assured are recorded over the performance
period of the contract.
Fixed-price contracts – A firm fixed-price contract is a contract in
which the specified scope of work is agreed to for a price that is a pre-determined,
negotiated amount and not generally subject to adjustment regardless of costs
incurred by the contractor, absent changes in scope by the customer. Certain
fixed-price incentive fee contracts provide for reimbursement of the contractor’s
allowable costs plus a fee up to a ceiling amount, typically through a cost-sharing
limit that affects profitability. These types of fixed-price incentive fee contracts
effectively become firm fixed-price contracts once the cost-share limit is reached.
Time-and-materials contracts are considered fixed-price contracts as they specify
a fixed hourly rate for each labor hour charged.
News about Northrop Grumman Corp Contracts |
Falls Church, Va., June 18, 2024 - Northrop Grumman has unveiled the B-21 Raider, touted as the world s first sixth-generation aircraft, marking a significant leap in the U.S. Air Force s strategic bomber fleet. Drawing on over three decades of strike and stealth technology innovation, this development emphasizes Northrop Grumman s continued leadership in the defense sector. However, while their technological advancements are forging ahead, Northrop Grumman s financial metrics present a mixed picture. Financial Performance OverviewNorthrop Grumman s corporate customers reported a year-on-year cost of revenue increase of 3.8% in the first quarter of 2024, despite a sequential reduction of 10.31%. Northrop Gr...
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Northrop Grumman's Comment on Sales, Marketing and Customers
Our primary customer is the U.S. Government. Revenue from the U.S. Government
(which excludes foreign military sales - a method to sell U.S. defense equipment
and services to foreign governments through the DoD) accounted for 86 percent
or more of total revenues. International sales (which include foreign military
sales) accounted for 10 percent, of total revenue. No single program accounted
for more than ten percent of total revenue.
We generate the majority of our business from long-term contracts with the
U.S. Government for development, production, and support activities. Due to
the long-term nature of our contracts with the U.S. Government and the products
and services covered by these contracts, we generally recognize revenue using
the percentage of completion method of accounting. Under the percentage of completion
method of accounting, revenues are generally recognized as costs are incurred
(cost-to-cost method) or as units are delivered (units-of-delivery method).
Unless otherwise specified in a contract, allowable and allocable costs are
billed to contracts with the U.S. Government under the requirements of the Federal
Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) regulations.
Examples of costs incurred by us and not billed to the U.S. Government in accordance
with the requirements of the FAR and CAS regulations include, but are not limited
to, lobbying costs, certain legal costs, charitable donations, advertising costs
and interest expense. Our long-term contracts typically fall into one of two
broad categories:
Cost-type contracts – Cost-type contracts include cost plus fixed fee,
award fee, and incentive fee contracts. Cost-type contracts provide for reimbursement
of the contractor’s allowable costs incurred plus a fee. Cost-type contracts
generally require that the contractor use its best efforts to accomplish the
scope of the work within some specified time and some stated dollar limitation.
Fees on cost-type contracts can be fixed in terms of dollar value or percentage
of costs. Award and incentive fees are based on performance criteria such as
cost, schedule, quality, and technical performance. Award fees are determined
and earned based on customer evaluation of the companys performance against
negotiated criteria, and are intended to provide motivation for excellence in
contract performance. Incentive fees that are based on cost provide for an initially
negotiated fee to be adjusted later, typically using a formula to measure performance
against the associated criteria, based on the relationship of total allowable
costs to total target costs. Award and incentive fees that can reasonably be
estimated and are deemed reasonably assured are recorded over the performance
period of the contract.
Fixed-price contracts – A firm fixed-price contract is a contract in
which the specified scope of work is agreed to for a price that is a pre-determined,
negotiated amount and not generally subject to adjustment regardless of costs
incurred by the contractor, absent changes in scope by the customer. Certain
fixed-price incentive fee contracts provide for reimbursement of the contractor’s
allowable costs plus a fee up to a ceiling amount, typically through a cost-sharing
limit that affects profitability. These types of fixed-price incentive fee contracts
effectively become firm fixed-price contracts once the cost-share limit is reached.
Time-and-materials contracts are considered fixed-price contracts as they specify
a fixed hourly rate for each labor hour charged.
NOC's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Northrop Grumman Corp |
72,116.73 |
40,368.00 |
3,711.00 |
101,000 |
Aar Corp |
2,390.21 |
2,727.00 |
-20.20 |
5,700 |
Air Industries Group |
12.56 |
52.32 |
-1.80 |
184 |
Aerojet Rocketdyne Holdings Inc |
4,679.79 |
2,292.80 |
74.00 |
4,600 |
American Superconductor Corp |
1,146.27 |
222.82 |
6.03 |
337 |
Astronics Corporation |
1,211.89 |
817.00 |
-3.51 |
2,500 |
Aerovironment Inc |
5,316.25 |
741.94 |
34.06 |
724 |
The Boeing Company |
152,789.06 |
69,444.00 |
-11,505.00 |
171,000 |
Ball Corp |
16,029.32 |
12,093.00 |
507.00 |
21,000 |
Bk Technologies Corp |
186.17 |
95.63 |
10.49 |
113 |
Clearday Inc |
0.02 |
7.54 |
-16.71 |
0 |
Comtech Telecommunications Corp |
65.56 |
495.35 |
-230.76 |
1,676 |
Crane Company |
10,459.80 |
2,280.10 |
337.00 |
13,000 |
Cpi Aerostructures Inc |
39.43 |
76.33 |
1.81 |
330 |
Ducommun Incorporated |
1,222.81 |
789.92 |
35.16 |
2,265 |
Dish Network Corp |
0.00 |
14,163.13 |
-241.96 |
12,308 |
Leonardo Drs Inc |
11,578.95 |
3,345.00 |
234.00 |
6,600 |
Elbit Systems Ltd |
19,603.56 |
6,827.87 |
321.86 |
16,000 |
Eaton Corporation Plc |
130,372.13 |
25,312.00 |
3,941.00 |
94,000 |
General Dynamics Corporation |
75,712.38 |
49,208.00 |
3,977.00 |
106,300 |
Gilat Satellite Networks Ltd |
370.04 |
305.45 |
24.85 |
400 |
Huntington Ingalls Industries Inc |
9,217.42 |
11,453.00 |
551.00 |
44,000 |
Honeywell International Inc |
144,769.46 |
39,215.00 |
5,732.00 |
95,000 |
Iteris inc |
316.14 |
174.12 |
1.40 |
454 |
Itt Inc |
12,321.18 |
3,633.10 |
518.80 |
10,600 |
Kratos Defense and Security Solutions inc |
6,733.78 |
1,161.80 |
19.50 |
3,900 |
Kvh Industries Inc |
106.04 |
109.98 |
-9.60 |
972 |
Leidos Holdings Inc |
19,453.92 |
16,932.00 |
1,333.00 |
47,000 |
Lockheed Martin Corporation |
110,659.16 |
71,811.00 |
5,503.00 |
122,000 |
The Manitowoc Company Inc |
399.30 |
2,154.30 |
45.00 |
8,000 |
Nova Ltd |
7,429.34 |
672.40 |
183.76 |
0 |
Osi Systems inc |
3,688.33 |
1,689.26 |
141.57 |
6,681 |
Oshkosh Corporation |
7,116.22 |
10,498.30 |
614.20 |
17,300 |
Plexus Corp |
3,615.84 |
3,967.77 |
142.70 |
16,805 |
Rtx Corporation |
197,449.47 |
81,739.00 |
4,895.00 |
185,000 |
Sai Tech Global Corporation |
1.28 |
5.54 |
-5.89 |
0 |
Science applications International corporation |
4,963.52 |
7,474.00 |
468.00 |
24,000 |
Soundthinking Inc |
196.94 |
104.59 |
-7.76 |
0 |
Technical Communications Corporation |
0.00 |
0.38 |
-2.29 |
62 |
Textron Inc |
14,101.65 |
13,873.00 |
830.00 |
35,000 |
Duke Robotics Corp |
3.72 |
0.00 |
-1.11 |
0 |
Viavi Solutions Inc |
2,132.86 |
1,046.20 |
5.10 |
3,600 |
Viasat Inc |
1,662.05 |
4,522.50 |
-386.30 |
3,600 |
Sifco Industries Inc |
21.60 |
71.02 |
-4.08 |
304 |
SUBTOTAL |
979,545.40 |
463,605.46 |
18,051.34 |
1,083,315 |
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