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Northrop Grumman

NOCNYSEStock Fundamentals

Northrop Grumman is a leading global aerospace and defense technology company providing advanced systems and solutions for national security. The company specializes in space systems, military aircraft, missile defense, and strategic deterrence, primarily serving the U.S. government and its allies. Its core value proposition lies in delivering breakthrough technologies in cyber, microelectronics, and autonomous systems to connect and protect global defense infrastructure.

Market Cap$78.3B
Revenue TTM$42.4B
Net Income TTM$4.6B
P/E Ratio17.12
Net Margin10.8%
EPS TTM$31.92
Free Cash Flow TTM$3.3B
Employees101.0K
CEOKathy J. Warden
CountryUnited States of America
Industrials
Aerospace & Defense
SegmentsAerospace & Defense, Space Technology, Cybersecurity
Business ModelsGovernment Contracting, Cost-plus Contracting, Fixed-price Contracting, Manufacturing
Most Recent EarningsApr 21, 2026 · 1 month 5 days agoQ1 2026
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Next EarningsJul 23, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Op. Margin11.63%
ROE28.51%
D/E99.76%
Current Ratio1.15
Total Debt$17.1B
Cash$2.1B
CapEx TTM$1.4B

Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Aeronautics Systems

major

Focuses on the design, development, and integration of military aircraft systems, including strategic long-range strike and autonomous uncrewed aircraft. This segment manages high-altitude long-endurance intelligence systems and tactical fighter programs.

Products

B-21 Raider, B-2 Spirit, E-130J Phoenix II, F-35 Lightning II (Fuselage), MQ-4C Triton, RQ-4 Global Hawk, E-2D Advanced Hawkeye

Customers

U.S. Air Force, U.S. Navy, International Governments

Defense Systems

major

Provides strategic deterrent systems, advanced tactical weapons, and missile defense solutions. This segment is a leader in integrated command and control systems and advanced propulsion for hypersonic and precision strike munitions.

Products

Sentinel (GBSD), Integrated Battle Command System (IBCS), Advanced Anti-Radiation Guided Missile (AARGM), Hypersonic Attack Cruise Missile (HACM), Precision Guidance Kit (PGK), Guided Multiple Launch Rocket System (GMLRS)

Customers

U.S. Army, U.S. Navy, U.S. Air Force, International Military Forces

Mission Systems

major

Delivers advanced mission solutions including radar, electronic warfare, and cyber solutions. It provides the sensors and processing power required for modern battlefield situational awareness and secure communications.

Products

SABR (Scalable Agile Beam Radar), G/ATOR, SEWIP Block III, LITENING Advanced Targeting Pod, BACN (Battlefield Airborne Communications Node), AN/APR-39 Radar Warning Receiver

Customers

U.S. Intelligence Community, U.S. Department of Defense, International Defense Agencies

Space Systems

major

Provides end-to-end space mission solutions including satellites, launch vehicles, and missile defense interceptors. This segment supports both national security and civil space exploration missions.

Products

GEM 63/63XL Solid Rocket Boosters, Cygnus Spacecraft, Next-Generation Overhead Persistent Infrared (Next-Gen OPIR), Habitation and Logistics Outpost (HALO), Glide Phase Interceptor (GPI)

Customers

NASA, Space Development Agency (SDA), Missile Defense Agency (MDA), Commercial Satellite Operators

Segment Financials

Aeronautics Systems — Sales percentage

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Defense Systems — Sales percentage

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Space Systems — Sales percentage

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Mission Systems — Sales percentage

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Business Overview

Competitive Position

A dominant prime contractor in the U.S. defense market with a significant portion of revenue derived from restricted/classified programs and long-term government contracts.

Geographies

United States, Japan, Australia, France, South Korea, Poland

Customer Segments

Federal Government, Intelligence Agencies, Military Organizations, Civil Space Agencies

Upstream Dependencies

Microelectronics suppliers, Raw material providers (specialized metals), Subcontractors, Energy and fuel providers

Downstream Customers

U.S. Department of Defense, U.S. Intelligence Community, NASA, Allied Foreign Governments

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Northrop Grumman FAQ

Common questions about Northrop Grumman

Northrop Grumman is a leading global aerospace and defense technology company providing advanced systems and solutions for national security. The company specializes in space systems, military aircraft, missile defense, and strategic deterrence, primarily serving the U.S. government and its allies. Its core value proposition lies in delivering breakthrough technologies in cyber, microelectronics, and autonomous systems to connect and protect global defense infrastructure.

Northrop Grumman (NOC) has a market capitalization of $78.3B and trades on NYSE.

Northrop Grumman generated $42.4B in trailing twelve-month revenue with net income of $4.6B, representing a net margin of 10.8%, with free cash flow of $3.3B. These figures are based on the Q1 2026 filing.

Northrop Grumman's key competitors include L3Harris Technologies, Inc., General Dynamics Corporation, Lockheed Martin Corporation, and others. These companies compete in similar markets and product categories.

Northrop Grumman has approximately 101,000 employees.