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Northrop Grumman NOC Space Systems — CapEx

Other segment segments

Corporate
$113M+242%
Mission Systems
$42M-10.6%
Aeronautics Systems
$35M-49.3%
Defense Systems
$28M+155%

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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 space systems — capex?
Northrop Grumman (NOC) reported space systems — capex of $84M in Q2 2026.
How has Northrop Grumman's space systems — capex changed year-over-year?
Northrop Grumman's space systems — capex increased by 18.3% year-over-year, from $71M to $84M.
What is the long-term trend for Northrop Grumman's space systems — capex?
Over 3 years (2021 to 2024), Northrop Grumman's space systems — capex has grown at a 7.1% compound annual growth rate (CAGR), from $530M to $652M.
What does space systems — capex mean?
This metric tracks the funds used by the space systems segment to acquire, upgrade, and maintain physical assets such as manufacturing facilities, testing equipment, and specialized space infrastructure. It reflects the level of investment required to sustain long-term production capabilities and technological competitiveness. High capital expenditure often precedes future revenue growth in capital-intensive defense sectors.