Income StatementBalance SheetCash FlowSegments
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Northrop Grumman Business Segments

Business, geographic, and product segment breakdowns

Northrop Grumman generates $42.4B in annual revenue across 4 key segments: Aeronautics Systems ($13.5B), Defense Systems ($8.1B), Mission Systems ($12.6B), and Space Systems ($10.7B). The company-wide operating margin is 11.63%. Based on the Q1 2026 filing.

Aeronautics Systems (TTM)$13.5BDefense Systems (TTM)$8.1BMission Systems (TTM)$12.6BSpace Systems (TTM)$10.7B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$78.9B
P/E Ratio17.24
ROE28.51%

Products & Services

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B-21 Program LRIP Options 1-4—————-$157.0M
GEM 63 Program—————-$71.0M

Loss Contingency Accrual

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B-21 Program LRIP Options 1-5—$1.7B$1.6B$1.6B—$1.0B

Total operating costs and expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$7.7B$7.2B$7.3B$7.4B$8.6B$7.2B
Service$1.8B$1.7B$1.8B$1.8B$1.8B$1.6B
Intersegment Costs$433.0M$454.0M$481.0M$494.0M$571.0M$557.0M

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$7.1B$6.4B$6.5B$6.6B$7.8B$6.4B
Service$1.6B$1.5B$1.6B$1.6B$1.7B$1.5B

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$8.6B$7.5B$8.3B$8.4B$9.6B$8.0B
Service$2.1B$1.9B$2.1B$2.1B$2.1B$1.9B

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$9.3B$8.2B$9.0B$8.8B$10.0B$8.6B
Europe$809.0M$704.0M$752.0M$918.0M$912.0M$686.0M
Intersegment sales—$526.0M$557.0M$569.0M—$642.0M
Asia/Pacific$438.0M$417.0M$452.0M$504.0M$546.0M$442.0M
All other$188.0M$165.0M$197.0M$181.0M$242.0M$153.0M

Sales percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States—86.0%87.0%85.0%—87.0%
Europe—8.0%7.0%8.0%—7.0%
Asia/Pacific—4.0%4.0%5.0%—4.0%
All other—2.0%2.0%2.0%—2.0%

Business Segments

Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Mission Systems$78.5M$39.0M———$45.0M
Space Systems$163.0M$110.0M———$43.0M
Aeronautics Systems$150.0M$79.0M———$34.0M
Corporate$16.5M$16.0M———$29.0M
Defense Systems$33.8M$12.0M———$16.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems$116.0M$79.0M$84.0M$98.0M$106.0M$96.0M
Aeronautics Systems$119.0M$89.0M$92.0M$92.0M$110.0M$91.0M
Corporate$66.0M$59.0M$64.0M$71.0M$74.0M$72.0M
Mission Systems$67.0M$67.0M$68.0M$71.0M$72.0M$69.0M
Defense Systems$46.0M$43.0M$42.0M$47.0M$44.0M$44.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aeronautics Systems$4.0B———$4.0B—
Defense Systems$3.7B———$3.6B—
Space Systems$3.9B———$3.9B—

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aeronautics Systems$417.0M———$417.0M—
Defense Systems$32.0M———$32.0M—
Space Systems$121.0M———$121.0M—

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aeronautics Systems—$0.0$0.0$0.0$0.0—
Defense Systems—-$20.0M-$20.0M-$20.0M-$20.0M—
Mission Systems—$0.0$0.0$0.0$0.0—
Space Systems—$0.0$0.0$0.0$0.0—

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Mission Systems$469.0M$361.0M$441.0M$515.0M$510.0M$433.0M
Aeronautics Systems$309.0M-$183.0M$321.0M$305.0M$370.0M$305.0M
Space Systems$275.0M$283.0M$280.0M$298.0M$322.0M$235.0M
Defense Systems$209.0M$179.0M$253.0M$234.0M$205.0M$184.0M

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aeronautics Systems$0.0$0.0$0.0$0.0$0.0—
Defense Systems-$1.3M$1.3M$1.3M$1.3M$1.3M—
Space Systems$0.0$0.0$0.0$0.0$0.0—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aeronautics Systems$3.3B$2.8B$3.1B$3.1B$3.9B$3.3B
Mission Systems$3.1B$2.8B$3.2B$3.1B$3.4B$2.9B
Space Systems$2.7B$2.6B$2.6B$2.7B$2.9B$2.5B
Defense Systems$2.0B$1.8B$2.0B$2.1B$2.1B$1.9B

Sales percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Space Systems—94.0%93.0%93.0%—95.0%
Defense Systems—83.0%83.0%78.0%1.0%86.0%
Aeronautics Systems—83.0%82.0%82.0%—83.0%
Mission Systems—80.0%81.0%79.0%—80.0%