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Northrop Grumman Corp  (NYSE: NOC)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Northrop Grumman's Customers Performance

NOC


 
 
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




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

Northrop Grumman's Business Units
Product    79.44 % of total Revenue
Service    20.56 % of total Revenue
Aeronautics Systems    29.72 % of total Revenue
Defense Systems    19.06 % of total Revenue
Mission Systems    29.65 % of total Revenue
Space Systems    27.12 % of total Revenue
US Government    84.74 % of total Revenue
International 2    13.58 % of total Revenue
Other Customers    1.68 % of total Revenue
Aeronautics Systems US Government    24.19 % of total Revenue
Aeronautics Systems International 2    5.05 % of total Revenue
Aeronautics Systems Other Customers    0.05 % of total Revenue
Aeronautics Systems InterSales    0.43 % of total Revenue
Defense Systems US Government    15.33 % of total Revenue
Defense Systems International 2    3.05 % of total Revenue
Defense Systems Other Customers    0.21 % of total Revenue
Defense Systems InterSales    0.48 % of total Revenue
Mission Systems US Government    20.84 % of total Revenue
Mission Systems International 2    5.02 % of total Revenue
Mission Systems Other Customers    0.25 % of total Revenue
Mission Systems InterSales    3.54 % of total Revenue
Space Systems US Government    24.39 % of total Revenue
Space Systems International 2    0.46 % of total Revenue
Space Systems Other Customers    1.16 % of total Revenue
Space Systems InterSales    1.11 % of total Revenue
Cost Reimbursable    52.88 % of total Revenue
Fixed-price    47.12 % of total Revenue
Aeronautics Systems Cost Reimbursable    14.14 % of total Revenue
Aeronautics Systems Fixed-price    15.15 % of total Revenue
Defense Systems Cost Reimbursable    10.19 % of total Revenue
Defense Systems Fixed-price    8.4 % of total Revenue
Mission Systems Cost Reimbursable    12.28 % of total Revenue
Mission Systems Fixed-price    13.83 % of total Revenue
Space Systems Cost Reimbursable    16.27 % of total Revenue
Space Systems Fixed-price    9.75 % of total Revenue
United States    86.42 % of total Revenue
Asia Pacific    4.4 % of total Revenue
Europe    7.44 % of total Revenue
All other    1.74 % of total Revenue
Aeronautics Systems United States    24.24 % of total Revenue
Aeronautics Systems Asia Pacific    2.11 % of total Revenue
Aeronautics Systems Europe    2.84 % of total Revenue
Aeronautics Systems All other    0.1 % of total Revenue
Defense Systems United States    15.54 % of total Revenue
Defense Systems Asia Pacific    0.86 % of total Revenue
Defense Systems Europe    1.8 % of total Revenue
Defense Systems All other    0.4 % of total Revenue
Mission Systems United States    21.09 % of total Revenue
Mission Systems Asia Pacific    1.35 % of total Revenue
Mission Systems Europe    2.52 % of total Revenue
Mission Systems All other    1.14 % of total Revenue
Space Systems United States    25.55 % of total Revenue
Space Systems Asia Pacific    0.08 % of total Revenue
Space Systems Europe    0.27 % of total Revenue
Space Systems All other    0.11 % of total Revenue




   
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 Customers, Q1 2025 Revenue Growth By Industry
Customers in Containers & Packaging Industry      8 %
Customers in Miscellaneous Fabricated Products Industry      2.7 %
Customers in Aerospace & Defense Industry      12.29 %
Customers in Construction & Mining Machinery Industry -4.79 %   
Customers in Miscellaneous Manufacturing Industry      0.26 %
Customers in Industrial Machinery and Components Industry      7.3 %
Customers in Ship & Boat Building Industry      10.5 %
Customers in Conglomerates Industry      6.02 %
Customers in EV, Auto & Truck Manufacturers Industry -9.09 %   
Customers in Broadcasting Media & Cable TV Industry -3.56 %   
Customers in Cloud Computing & Data Analytics Industry      5.15 %
Customers in Semiconductors Industry      5.67 %
Customers in Software & Programming Industry      10.88 %
Customers in Consumer Electronics Industry      8.83 %
     
• Customers Valuation • Customers Mgmt. Effect.


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

Northrop Grumman Launches World?s First Sixth-Generation Aircraft Amid Mixed Financial Indicators

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...




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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