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Northrop Grumman Corp  (NOC)
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    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 4.09 % in the 1 quarter 2024 year on year, sequentially costs of revenue were trimmed by -10.36 %. During the corresponding time, Northrop Grumman Corp recorded revenue increase by 8.95 % year on year, sequentially revenue fell by -4.75 %. While revenue at the Northrop Grumman Corp's corporate clients recorded rose by 4.34 % year on year, sequentially revenue fell by -9.29 %.

List of NOC Customers




Northrop Grumman's Customers have recorded an advance in their cost of revenue by 4.09 % in the 1 quarter 2024 year on year, sequentially costs of revenue were trimmed by -10.36 %, for the same period Northrop Grumman Corp recorded revenue increase by 8.95 % year on year, sequentially revnue fell by -4.75 %.

List of NOC Customers



   
Customers Net Income grew in Q1 by Customers Net margin grew to
58.79 % 10.64 %
Customers Net Income grew in Q1 by 58.79 %


Customers Net margin grew to 10.64 %



Northrop Grumman's Customers, Q1 2024 Revenue Growth By Industry
Customers in Containers & Packaging Industry -17.63 %   
Customers in Miscellaneous Fabricated Products Industry      10.02 %
Customers in Aerospace & Defense Industry      2.41 %
Customers in Miscellaneous Manufacturing Industry      14.12 %
Customers in Industrial Machinery and Components Industry      7.41 %
Customers in Ship & Boat Building Industry      7.81 %
Customers in Conglomerates Industry      8.96 %
Customers in Broadcasting Media & Cable TV Industry -8.01 %   
Customers in Cloud Computing & Data Analytics Industry      7.46 %
Customers in Semiconductors Industry -0.17 %   
Customers in Consumer Electronics Industry -44.12 %   
     
• 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.






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 70,692.06 40,122.00 2,158.00 88,000
Aar Corp 2,551.57 2,169.10 68.20 4,850
Air Industries Group 14.72 52.11 -3.02 379
Aerojet Rocketdyne Holdings Inc 4,679.79 2,292.80 74.00 4,965
American Superconductor Corp 459.65 125.37 -19.11 354
Astronics Corporation 750.71 677.01 -36.58 2,000
Aerovironment Inc 5,501.70 704.32 -106.85 663
The Boeing Company 108,565.63 76,442.00 -2,172.00 142,000
Ball Corp 22,255.04 13,414.00 4,217.00 24,300
Bk Technologies Corporation 46.92 55.39 -0.96 113
Clearday Inc 13.18 7.54 -16.71 0
Comtech Telecommunications Corp 63.63 571.27 -40.91 1,852
Crane Company 8,468.95 1,836.60 380.00 0
Cpi Aerostructures Inc 30.43 82.60 16.39 0
Ducommun Incorporated 869.18 765.36 17.55 3,150
Dish Network Corporation 0.00 14,978.00 -1,381.89 14,500
Elbit Systems Ltd 8,886.74 5,974.74 215.86 11,851
Eaton Corporation Plc 136,658.06 23,606.00 3,406.00 85,947
Panacea Life Sciences Holdings Inc 1.35 1.75 -7.51 0
General Dynamics Corporation 82,561.95 43,122.00 3,384.00 103,100
Gilat Satellite Networks Ltd 299.80 266.09 23.50 1,041
Huntington Ingalls Industries Inc 10,018.39 11,585.00 705.00 44,000
Honeywell International Inc 132,024.27 36,903.00 5,739.00 99,000
Iteris inc 203.60 170.06 2.49 0
Itt Inc 11,356.36 3,395.70 425.10 9,400
Kratos Defense and Security Solutions inc 3,029.52 1,081.80 9.50 3,600
Kvh Industries Inc 100.67 127.96 -18.57 604
Leidos Holdings Inc 20,642.14 15,714.00 327.00 43,000
Lockheed Martin Corporation 113,362.86 69,640.00 6,776.00 114,000
The Manitowoc Company Inc 439.83 2,252.70 -97.00 12,300
Nova Ltd 6,620.59 517.92 136.31 819
Osi Systems inc 2,440.02 1,467.09 125.86 6,928
Oshkosh Corporation 7,669.31 9,393.90 522.30 13,300
Plexus Corp 3,175.25 3,994.57 101.51 16,000
Passur Aerospace Inc. 0.08 5.83 -3.22 37
Rtx Corporation 141,940.46 71,011.00 3,642.00 174,000
Sai tech Global Corporation 18.26 10.64 -8.85 0
Science Applications International Corporation 7,387.86 7,704.00 303.00 13,000
Soundthinking Inc 186.46 87.03 -7.41 85
Technical Communications Corporation 0.55 0.35 -2.30 23
Textron Inc 17,213.80 13,794.00 931.00 33,000
Uas Drone Corp 5.13 0.00 -0.72 0
Viavi Solutions Inc 1,694.80 1,005.30 -47.70 3,500
Viasat Inc 1,960.09 3,226.46 316.68 5,200
Sifco Industries Inc 19.89 92.97 -8.75 465
SUBTOTAL 864,189.17 440,325.33 27,885.19 993,326


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