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Northrop Grumman NOC Defense Systems — D&A

Other segment segments

Space Systems
$99M+17.9%
Aeronautics Systems
$86M-6.5%
Mission Systems
$70M+2.9%
Corporate
$68M+6.3%

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BELFBAerospace Defense And Rugged Solutions — D&A
$4.83M-3.6%

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:DepreciationDepletionAndAmortization.

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 — D&A?
Northrop Grumman (NOC) reported defense systems — D&A of $44M in Q2 2026.
How has Northrop Grumman's defense systems — D&A changed year-over-year?
Northrop Grumman's defense systems — D&A increased by 4.8% year-over-year, from $42M to $44M.
What is the long-term trend for Northrop Grumman's defense systems — D&A?
Over 4 years (2021 to 2025), Northrop Grumman's defense systems — D&A has grown at a 17.9% compound annual growth rate (CAGR), from $91M to $176M.
What does defense systems — D&A mean?
This metric represents the non-cash expense allocated to the defense systems segment to account for the wear and tear of tangible assets and the expiration of intangible assets over time. It is a critical component in reconciling the segment's cash flow and understanding the underlying asset base's aging profile. Monitoring this helps analysts assess the segment's reinvestment needs and the impact of past capital expenditures on current earnings.