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Northrop Grumman NOC Defense Systems — CapEx

Other segment segments

Corporate
$113M+242%
Space Systems
$84M+18.3%
Mission Systems
$42M-10.6%
Aeronautics Systems
$35M-49.3%

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Other financials

Income statement

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Revenue$10.9B+5.1%
Operating income$1.1B-23.1%
Net income$1.1B-6.8%
EPS (diluted)$7.68-5.8%

Balance sheet

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Cash & equivalents$2.3B+21.5%
Total debt$17.1B-2.6%
Total equity$17.9B+15.6%
Total assets$50.8B+2.7%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$302.0M+30.7%
Free cash flow-$1.8B-0.1%

Valuation

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Market cap$75.98B-8.0%
Enterprise value$90.73B-7.6%
P/E16.9×-4.0×
P/S1.8×-0.3×

Profitability

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Operating margin10.7%+0.3pp
Net margin10.5%+0.7pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity27%+0.5pp
Debt / equity-0.2×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: Northrop Grumman’s 10-Q, filed July 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's defense systems — capex?
Northrop Grumman (NOC) reported defense systems — capex of $28M in Q2 2026.
How has Northrop Grumman's defense systems — capex changed year-over-year?
Northrop Grumman's defense systems — capex increased by 154.5% year-over-year, from $11M to $28M.
What is the long-term trend for Northrop Grumman's defense systems — capex?
Over 3 years (2021 to 2024), Northrop Grumman's defense systems — capex has grown at a 0.5% compound annual growth rate (CAGR), from $133M to $135M.
What does defense systems — capex mean?
This metric tracks the funds used by the defense systems segment to acquire, upgrade, and maintain physical assets such as manufacturing facilities, machinery, and specialized equipment. It reflects the segment's investment in long-term capacity and technological infrastructure required to fulfill defense contracts. High levels of capital expenditure often signal planned growth or the modernization of production capabilities.