What is Northrop Grumman's aeronautics systems — loss contingency, loss in period?

Northrop Grumman (NOC) reported aeronautics systems — loss contingency, loss in period of $1.56B in Q4 2023.

Discontinued — last reported Q4 '23

Business Segments · Loss Contingency, Loss in Period

Aeronautics Systems — Loss Contingency, Loss in Period

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ4 2023

Last reportedQ4 2023Jul 25, 2024

Rolls up toLoss contingency expense

How to read this metric

An increase indicates rising legal or operational risks, while a decrease suggests improved project execution or resolution of outstanding liabilities.

Detailed definition

This metric represents the total expense recognized during the reporting period related to estimated losses from legal p...

Peer comparison

Comparable to 'Provision for Loss Contingencies' or 'Legal Settlement Expense' found in the segment reporting of other major defense contractors.

Metric ID: noc_segment_aeronautics_systems_loss_contingency_loss_in_period

Historical Data

1 periods

	Q4 '23
Value	$1.56B

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Frequently Asked Questions

What is Northrop Grumman's aeronautics systems — loss contingency, loss in period?: Northrop Grumman (NOC) reported aeronautics systems — loss contingency, loss in period of $1.56B in Q4 2023.
What does aeronautics systems — loss contingency, loss in period mean?: The total financial loss recognized in the current period due to legal or contractual contingencies within the Aeronautics segment.