Discontinued — last reported Q2 '24
Business Segments · Loss Contingency Accrual
Aeronautics Systems — Loss Contingency Accrual
Northrop Grumman Aeronautics Systems — Loss Contingency Accrual remained flat by 0.0% to $1.50B in Q2 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2023
Last reportedQ2 2024Jul 25, 2024
Rolls up toAccrued Contingent Liabilities
How to read this metric
A rising accrual balance suggests increasing long-term risk exposure, whereas a declining balance may indicate the resolution of past issues or reduced risk profiles.
Detailed definition
This metric represents the total cumulative balance of reserves set aside to cover probable and estimable future losses...
Peer comparison
Comparable to 'Accrued Liabilities for Contingencies' or 'Reserve for Contractual Losses' reported by aerospace and defense peers.
Metric ID:
noc_segment_aeronautics_systems_loss_contingency_accrualHistorical Data
3 periods
| Q4 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|
| Value | $1.37B | $1.50B | $1.50B |
| QoQ Change | — | +9.5% | +0.0% |
Range$1.37B – $1.50B
Current Streak2+ quarters growth
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Frequently Asked Questions
- What is Northrop Grumman's aeronautics systems — loss contingency accrual?
- Northrop Grumman (NOC) reported aeronautics systems — loss contingency accrual of $1.50B in Q2 2024.
- What does aeronautics systems — loss contingency accrual mean?
- The total amount of money reserved to cover potential future losses from legal or contractual issues in the Aeronautics segment.