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Northrop Grumman Corporation

Logo: Northrop Grumman, Public domain, via Wikimedia Commons5

American aerospace and defense company

Northrop Grumman Corporation is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. Headquartered in West Falls Church, Virginia, the company is the fifth-largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors.3 From Wikipedia, CC BY-SA 4.0

$498.68 up 2.99 (0.60%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1994Founded1

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  • TickerNOC on NYSE1
  • Industryaerospace industry, aircraft industry, electronics industry, shipbuilding, weapons industry1
  • HeadquartersFalls Church1
  • Websitewww.northropgrumman.com
  • Legal formDelaware corporation1
  • Business address2980 Fairview Park Drive, C/O Northrop Grumman Corp, Falls Church, Va 220426
  • Filer categoryLarge accelerated filer6

Northrop Grumman Corporation is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. Headquartered in West Falls Church, Virginia, the company is the fifth-largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.8%Operating margin8
10.0%Net margin8
2.2%Revenue growth, 20258
25.1%Return on equity8
0.91×Debt to equity8
$3.3BFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 80% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. Product$33.7B880%up 3% from 2024
  2. Service$8.2B820%down 1% from 2024
Products and services by year
Products and services202320242025
Product$30.9B$32.7B$33.7B
Service$8.4B$8.3B$8.2B

Business segments

Aeronautics Systems brought in 29% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. Aeronautics Systems$13.0B829%up 5% from 2024
  2. Mission Systems$12.5B828%up 10% from 2024
  3. Space Systems$10.8B824%down 8% from 2024
  4. Defense Systems$8.0B818%up 8% from 2024
Business segments by year
Business segments202320242025
Aeronautics Systems$11.2B$12.4B$13.0B
Mission Systems$10.9B$11.4B$12.5B
Space Systems$11.9B$11.7B$10.8B
Defense Systems$7.2B$7.4B$8.0B

Regions

United States brought in 86% of the revenue Northrop Grumman Corporation broke down this way in fiscal 2025.

  1. United States$36.0B886%down 0% from 2024
  2. Europe$3.3B88%up 16% from 2024
  3. Asia Pacific$1.9B85%up 24% from 2024
  4. All other geographic region$785.0M82%up 28% from 2024
Regions by year
Regions202320242025
United States$34.4B$36.0B$36.0B
Europe$2.5B$2.8B$3.3B
Asia Pacific$1.6B$1.6B$1.9B
All other geographic region$882.0M$611.0M$785.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development3¢$1.1B
  • Other costs85¢$35.8B
  • Income tax2¢$886.0M
  • Profit10¢$4.2B

Out of $42.0B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$1.4B
  • Dividends paid27¢$1.3B
  • Share buybacks34¢$1.6B
  • Kept or used elsewhere8¢$390.0M

Out of $4.8B of cash from operations.8

Financial statements

Revenue91011128$42.0B in 2025+24% since 2019
0$20.0B$40.0B$60.0B2019: $33.8B$33.8B20192020: $36.8B$36.8B2020+9%2021: $35.7B$35.7B2021−3%2022: $36.6B$36.6B2022+3%2023: $39.3B$39.3B2023+7%2024: $41.0B$41.0B2024+4%2025: $42.0B$42.0B2025+2%
Operating income91011128$4.5B in 2025+14% since 2019
0$2.0B$4.0B$6.0B2019: $4.0B$4.0B20192020: $4.1B$4.1B2020+2%2021: $5.7B$5.7B2021+39%2022: $3.6B$3.6B2022−36%2023: $2.5B$2.5B2023−30%2024: $4.4B$4.4B2024+72%2025: $4.5B$4.5B2025+3%
Net income91011128$4.2B in 2025+86% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $2.2B$2.2B20192020: $3.2B$3.2B2020+42%2021: $7.0B$7.0B2021+120%2022: $4.9B$4.9B2022−30%2023: $2.1B$2.1B2023−58%2024: $4.2B$4.2B2024+103%2025: $4.2B$4.2B2025+0%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Revenues$42.0B$41.0B$39.3B
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax$9.0M-$2.0M$23.0M
Other Comprehensive Income (Loss), Other Components, Net of Tax$17.0M-$22.0M$2.0M
Gain on sale of business$231.0M$0$0
Non-operating FAS pension benefit$541.0M$656.0M$530.0M
General and administrative expenses$4.0B$4.0B$4.0B
Total operating costs and expenses$37.7B$36.7B$36.8B
Operating income$4.5B$4.4B$2.5B
Interest expense-$665.0M-$621.0M-$545.0M
Mark-to-market pension and OPB benefit (expense)$527.0M$443.0M-$422.0M
Other, net$154.0M$168.0M$246.0M
Earnings before income taxes$5.1B$5.0B$2.3B
Federal and foreign income tax expense$886.0M$842.0M$290.0M
Basic earnings per share$29.14$28.39$13.57
Weighted-average common shares outstanding, in millions143.5M shares147.0M shares151.5M shares
Diluted earnings per share$29.08$28.34$13.53
Weighted-average diluted shares outstanding, in millions143.8M shares147.3M shares152.0M shares
Net earnings (from above)$4.2B$4.2B$2.1B
Other comprehensive income (loss), net of tax$26.0M-$24.0M$25.0M
Comprehensive income$4.2B$4.2B$2.1B

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The story

Leroy R. Grumman established the Grumman Aircraft Engineering Corporation in December 1929 on Long Island, New York. By 1939, the company had expanded and relocated to Bethpage, New York. Among Grumman's well known naval aviation products was the F-14 Tomcat. During World War II the company built most US Navy aircraft, including the TBF Avenger, F4F Wildcat, and F6F Hellcat. After the war it branched out into making the first aluminum canoes using left-over materials no longer needed for aircraft. Later the firm created a myriad of products such as ballistic missiles, all-weather radars, the Apollo Lunar Module, land and sea-based fighter aircraft and Stealth bombers.

Founded in California in 1939 by Jack Northrop, the Northrop Corporation was reincorporated in Delaware in 1985. Northrop made a series of lightweight fighter aircraft such as the F-5, YF-17, and F-20. Northrop was best known for its experimental flying wing aircraft, the XB-35 and YB-49 of the late 1940s and early 1950s. These flying wing aircraft, while unsuccessful, paved the way for the B-2 Spirit Stealth Bomber, on which Northrop was the prime contractor. During World War II, Northrop made the P-61 Black Widow, the first aircraft designed as a night fighter. After the end of the Cold War, Northrop made a series of acquisitions, buying Grumman Aerospace, Westinghouse and TRW Inc. in addition to a number of other enterprises.

In 2018, Northrop Grumman completed the purchase of Orbital ATK, which was renamed to Northrop Grumman Innovation Systems. Innovation Systems was integrated into other parts of the business in a reorganization the following year.

1990s

In 1994, Northrop Aircraft bought Grumman Aerospace, which built the Apollo Lunar Module, to create Northrop Grumman (NG) at a cost of $2.1 billion. After 1994, Northrop Grumman made several major acquisitions, including Vought, Logicon, Xetron Corporation, the defense electronics business of Westinghouse Electronic Systems, and Ryan Aeronautical.

Northrop has competed in the Advanced Tactical Fighter program, submitting the YF-23 to compete against the F-22 Raptor in 1991.

Northrop partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team.

In 1998, a merger between Northrop Grumman and competitor Lockheed Martin was considered but abandoned after resistance from the Department of Defense and Department of Justice. That same year, it acquired Inter-National Research Institute Inc. In 1999, the company acquired Teledyne Ryan, developer of surveillance systems and unmanned aircraft, California Microwave, Inc., and the Data Procurement Corporation. In 1999, Northrop Grumman and SAIC created AMSEC LLC as a joint venture, which grew "from $100 million in revenue in 2000 to approximately $500 million in fiscal year 2007".

2000s

In 2000, NG acquired Federal Data Corporation, Navia Aviation As, Comptek Research, Inc., and Sterling Software, Inc.

Read the full text

In 2001, the company acquired Litton Industries, a shipbuilder and defense electronics systems provider for the U.S. Navy. During the acquisition process, a new Delaware holding company, NNG, Inc., was formed, which merged with Northrop Grumman through a one-for-one common shares exchange in April 2001. Both Northrop Grumman and Litton became subsidiaries of the new holding company. The original Northrop Grumman Corporation then changed its name to "Northrop Grumman Systems Corporation"; the holding company, NNG, Inc., changed its name to "Northrop Grumman Corporation". Later that year, Northrop Grumman acquired Newport News Shipbuilding.

In 2002, Northrop Grumman acquired TRW Inc. Northrop incorporated TRW's space and laser capabilities and system manufacturing infrastructure into its newly created Space Technology sector based in Redondo Beach, California (Space Park), and the Mission Systems sector based in Reston, Virginia.

In July 2003, the company received a $48 million contract to train the Iraqi Army.

In August 2005, the United Kingdom paid $1.2 billion in a contract with the company to provide maintenance of its AWACS radar.

In November 2005, the company won a $2 billion contract with Virginia to overhaul most of the state's IT operations.

On January 1, 2006, Northrop Grumman opened its business sector called 'Technical Services'. Northrop Grumman and Boeing collaborated on a design concept for NASA's upcoming Orion spacecraft (previously the Crew Exploration Vehicle), but the contract went to rival Lockheed Martin on August 31, 2006.

In 2006, Northrop Grumman had intended to bid for the U.S. Air Force's Next-Generation Bomber. Though it has not built a large manned aircraft since wrapping up B-2 Spirit production in the 1990s, the company has "been working hard to turn that perception around, with the skills and capabilities that back it up". However, by 2009, the teams working on that project were dispersed, as USAF's focus turned to a long-range strike instead. Northrop Grumman was one of two teams competing for the Long Range Strike Bomber, and in October 2015 won that contract.

On July 20, 2007, Northrop Grumman became the sole owner of Burt Rutan's Scaled Composites.

In 2007, Northrop Grumman created 'National Workforce Centers' as an alternative to offshoring. Locations are Auburn, Alabama; Corsicana, Texas; Fairmont, West Virginia; Helena, Montana; Johnstown, Pennsylvania; and Lebanon, Virginia. The Rapid City, South Dakota location closed in January 2012.

In August 2007, Northrop Grumman acquired Scaled Composites in which it had previously owned a 40% stake.

In June 2008, Northrop Grumman began working with DHS Systems LLC, manufacturer of the Deployable Rapid Assembly Shelter (DRASH) in New York, as part of the U.S. Army's Standard Integrated Command Post System program.

In July 2008, three of four Northrop Grumman employees (Thomas Howes, Marc Gonsalves and Keith Stansell) were freed during Operation Jaque after five years of captivity following their 2003 aircraft crash in the Colombian jungle. The fourth employee, Tom Janis, had been killed by the FARC shortly after the crash.

2010s

In March 2011, Northrop Grumman spun off its Shipbuilding unit as Huntington Ingalls Industries.

In July 2013, Northrop Grumman won a training-simulation contract potentially worth $490 million to support the U.S. Air Force's next-generation aerial warfare virtual-training network.

In 2015, Northrop Grumman won a contract for the DARPA Tactically Exploited Reconnaissance Node (TERN) program.

In March 2015, the company delivered the first shipset for Australian EA-18G Growler.

In October 2015, the US Military awarded Northrop Grumman the contract for the successor to the B-1 and B-52, subsequently identified as the B-21. The initial value is $21.4 billion, and could eventually be worth up to $80 billion.

In September 2017, Northrop announced the acquisition of missile and rocket manufacturer Orbital ATK Inc for $9.2 billion: $7.8 billion in cash plus $1.4 billion in net debt. On November 29, 2017, the acquisition was approved by Orbital ATK stockholders and on June 6, 2018, the merger closed after final FTC approval. The acquired company assets and naming were absorbed and become a division named Northrop Grumman Innovation Systems.

In January 2018, Northrop Grumman became the primary contractor for the James Webb Space Telescope.

On June 7, 2018, the acquisition of Orbital ATK was completed, and it was absorbed in Northrop Grumman as a new business sector called Northrop Grumman Innovation Systems.

2020s

Effective January 1, 2020, the NGIS division was split, with most of the sector merging with other Northrop Grumman businesses into a new Space Systems sector.

In June 2020, NASA granted a $935 million contract to Northrop Grumman for the Lunar Gateway Habitation and Logistics Outpost (HALO) module, based on its Cygnus cargo spacecraft. In July 2022, Northrop subcontracted Solstar to provide the wireless-enabling technology to enable a Wi-Fi access for employees and equipment in the module.

In September 2020, Northrop ended development of the OmegA space launch vehicle, intended to carry the U.S. government's national security satellites into space.

In September 2020, Northrop Grumman won a $298 million sole-source contract for the Evolved Strategic Satcom program, an anti-jam communications satellite program intended to replace the Advanced Extremely High Frequency (AEHF) satellite program where Northrop Grumman was a subcontractor to Lockheed Martin.

In February 2021, Northrop sold its federal IT and mission support business to Veritas Capital for $3.4 billion.

In March 2021, NASA awarded Northrop Grumman the contract to develop the Mars Ascent Propulsion System for a Mars sample-return mission. Northrop designed a solid-fueled rocket to launch samples collected by the Perseverance rover from Mars to Earth.

In August 2022, Northrop Grumman announced it was moving production of the engines and structures for its Antares rockets to the U.S. from Russia and Ukraine in partnership with Texas-based Firefly Aerospace. Northrop Grumman and Firefly Aerospace are jointly producing an upgraded version of the Antares rocket, the Antares 330.

Northrop Grumman's B-21 Raider entered test flights in 2023, with the goal of delivering the first plane by the end of the decade.

On September 15, 2023, Northrop Grumman was sanctioned by the Chinese government due to U.S. arms sales to Taiwan.

In May 2024, Northrop Grumman unveiled the Manta Ray, an underwater drone developed for the Defense Advanced Projects Research Agency (DARPA). The drone, which resembles its namesake sea creature, was designed to carry out long-duration, long-range military missions, including extended loitering on the sea bottom. The craft uses two four-bladed propellers on the wings to enhance the propulsion provided by its gliding system, which glides forward while moving up and down in the water column by changing its buoyancy. With an emphasis on minimal human oversight, the creation of the Manta Ray represents a significant advancement in unmanned underwater vehicles (UUV) technology.

In September 2024, Northrop Grumman won the U.S. Missile Defense Agency (MDA) competition to develop and build the Glide Phase Interceptor (GPI). In 2025, the company secured a contract with the U.S. Space Force to test in-space satellite refueling technology Northrop developed. Northrop Grumman is also constructing ground stations to support the Next-Generation Overhead Persistent Infrared program. In May 2025, the company invested $50 million in space startup Firefly to support production of their "Eclipse" rocket.

From Wikipedia’s article on Northrop Grumman, shared under CC BY-SA 4.0.7

Leadership

Who has led Northrop Grumman Corporation, and when. Pick a name to see everywhere that person has worked.

1995200020052010201520202025
Board members and other officers (14)

Products and brands

Products

The company's Aeronautics Systems division (29% of 2024 revenues) develops the B-21 Raider strategic bomber that can drop conventional and thermonuclear weapons (forecasted to be ready for combat in 2029), the B-2 Spirit strategic bomber (which will be replaced by the B-21), fuselage and radar production for the Lockheed Martin F-35 Lightning II Joint Strike Fighter and F/A-18 Super Hornet, Grumman E-2 Hawkeye airborne early warning and control, MQ-4C Triton unmanned aerial vehicle, and the NATO Alliance Ground Surveillance Force.

The company's defense systems division (19% of 2024 revenues) designs the modernization of the intercontinental ballistic missile system including the LGM-35 Sentinel, the Integrated Air and Missile Defense Battle Command System, Vinnell training, and the M1156 precision guidance kit.

The company's mission systems division (25% of 2024 revenues) creates military radar, sensors, and related products, including C4I radar systems for air defense, Airspace Management radar systems such as AWACS, Multi-Platform Radar Technology Insertion Program, night vision goggles, Airport Movement Area Safety System, and battlefield surveillance systems like the Airborne Reconnaissance Low (ARL). Tactical aircraft sensors include the AN/APG-68 radar, the AN/APG-80 active electronically scanned array radar, and the AN/APG-83 AESA radar for the F-16 Fighting Falcon, the AN/APG-77 AESA radar for the F-22 Raptor, the AN/APG-81 AESA radar for the F-35 Lightning II, and the AN/AAQ-37 electro-optical Distributed Aperture System (DAS) for the F-35, and the APQ-164 Passive Electronically Scanned Array (PESA) radar for the B-1 Lancer.

The company's space systems division (27% of 2024 revenues) develops Satcom communications satellites, Next-Generation Overhead Persistent Infrared satellites, the Cygnus uncrewed spacecraft, motors for the NASA Space Launch System, logistics support for the Lunar Gateway, Graphite-Epoxy Motor solid rocket boosters, and satellites for the Norwegian Space Agency.

Read the full text

Northrop Grumman Computing Systems, Inc., provides computing services to businesses.

Operations

Northrop Grumman’s business is focused on developing new technology in various sectors, including land, sea, air, space, and cyber domains. Formally, as of 2019 the company is divided into four operating sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems.

Aeronautics Systems

Aeronautics Systems, headquartered in Palmdale, California, produces military aircraft, autonomous systems, and aerospace structures for the U.S. and other nations. Major products include the E-2D Advanced Hawkeye, an airborne early warning and control aircraft used by the U.S. Navy; the B-2 Spirit, a strategic bomber introduced in 1988; the B-21 Raider, a strategic bomber with a first flight in 2023; and the MQ-4C Triton, a high-altitude long endurance unmanned aerial system for maritime surveillance.

Mission Systems

Mission Systems, headquartered in Linthicum, Maryland, creates military radar, sensors, and microelectronics like semiconductor chips. This unit developed the AN/APG-83 Scalable Agile Beam Radar upgrade for the F-16 Fighting Falcon and the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). It also developed the Integrated Viper Electronic Warfare Suite, a tool to improve situational awareness and detect electronic threats against an aircraft.

Space Systems

The Space Systems sector, headquartered in McLean, Virginia, provides space and launch systems to commercial and government customers. Northrop Grumman's space operations include construction of the James Webb Space Telescope and the construction and operation of the Cygnus spacecraft that delivers supplies to the International Space Station. The company is also creating the Habitation and Logistics Outpost (HALO) module for NASA's Lunar Gateway and has begun development of the Next-Generation Overhead Persistent Infrared Polar (NGP) as part of efforts to modernize U.S. missile defense systems.

Northrop Grumman produces solid rocket motors, including for Space Launch Systems and for Graphite-Epoxy Motors, and developed the Glide Phase Interceptor. The company is a contractor for the Space Development Agency's Tranche 1 Transport and Tracking Layer. In April 2025, the U.S. Space Force gave Northrop Grumman a contract for Elixir, a new mission to develop and demonstrate a satellite refueling capability.

Defense Systems

Northrop Grumman's Defense Systems unit encompasses products related to technology services, directed energy, information systems, and tactical weapons. The company supplies the U.S. Army with its Integrated Battle Command System (IBCS), which operates on a modular open systems architecture framework to network sensors and interceptors among different operators. Other products of this unit include the LGM-35 Sentinel intercontinental ballistic missile program, Bushmaster chain guns, the AARGM-ER anti-radiation missile, and the M1156 precision guidance kit.

From Wikipedia’s article on Northrop Grumman, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Subsidiaries

  • Grumman
  • Litton Industries
  • Northrop
  • Northrop Grumman (France)
  • Northrop Grumman (Germany)
  • Northrop Grumman (Poland)
  • Northrop Grumman (United Kingdom)
  • Northrop Grumman Aeronautics Systems
  • Northrop Grumman Defense Systems
  • Northrop Grumman Electronic Systems
  • Northrop Grumman Innovation Systems
  • Northrop Grumman LITEF
  • Northrop Grumman Mission Systems
  • Northrop Grumman Ship Systems
  • Northrop Grumman Space Systems
  • SpaceLogistics
  • Xetron

Also owns

  • Deep Space Transport LLC
  • Scaled Composites

From Wikidata.1

Acquisitions

  1. Succeeded Grumman1
  2. Succeeded Northrop1

Employees over time

  • 201565,6001

Former names

  • NNG INCFeb 1, 2001 to Apr 2, 20016

Timeline

  1. Jan 1, 2019New chief executive Kathy J. Warden becomes CEO1
  2. 1994Founded Founded1

Recent filings

  1. Oct 1, 20264
  2. Oct 1, 20264
  3. Aug 21, 20268-K
  4. Aug 21, 20264
  5. Aug 12, 2026SCHEDULE 13G/A
  6. Aug 4, 20264
  7. Jul 24, 2026144
  8. Jul 21, 20268-K
  9. Jul 21, 202610-Q
  10. Jul 1, 20264
  11. Jul 1, 20264
  12. Jun 11, 202611-K FORM 11-K - NGSP
  13. Jun 11, 202611-K FORM 11-K - FSSP
  14. Jun 11, 202611-K/A 11-K/A (AMENDMENT NO. 1)
  15. Jun 11, 202611-K/A 11-K/A (AMENDMENT NO. 1)

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2