olivLaw · US equity research
Northrop Grumman Corporation NOC
Search, Detection, Navigation, Guidance, Aeronautical Sys · SIC 3812 · Vertical: Search, Detection, Navigation, Guidance, Aeronautical Sys (SIC 3812)
Northrop Grumman is a global aerospace and defense company organized into four sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The U.S. government accounted for 84 percent of sales in 2025, and backlog reached $110 billion at the end of the third quarter of 2026. Third quarter 2026 sales rose 7 percent to $11.1 billion.
At the close of 04 Nov 2026, Northrop Grumman Corporation (NOC) stock was 525.35 USD (−4.53% on the day), with market capitalisation 74.6 bn USD, P/E 16.6 on diluted EPS of 31.70 USD over the last 12 months, dividend yield 1.82%, beta 0.05, 52-week range 473.46–768.02 USD. Latest reported quarter (Q3 2026): revenue of 11.1 bn USD (+6.7% YoY), net income of 1.1 bn USD (+2.2% YoY), diluted EPS 7.89 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 47.7
- neutral
- Bollinger (20, 2)
- 468.53 – 586.95
- in the lower half of the band · %B 0.48 · band width 22.4%
- SMA 50 / 200
- 520.10 / 589.32
- mixed trend
- MACD (12, 26, 9)
- 10.78 / 9.95
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.3% | −1.1% | +11.4 pp | — |
| 3 months | −5.8% | −0.5% | −5.3 pp | — |
| 6 months | −6.1% | +4.4% | −10.5 pp | — |
| Year to date | −7.9% | +12.3% | −20.2 pp | — |
| 1 year | −9.0% | +13.5% | −22.5 pp | +3.2% |
| 3 years | +11.6% | +76.4% | −64.8 pp | +74.8% |
| 5 years | +44.2% | +63.7% | −19.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.7 bn | 9.5 bn | 10.4 bn | 10.4 bn | 11.7 bn | 9.9 bn | 10.9 bn | 11.1 bn |
| Operating income | 1.1 bn | 573.0 m | 1.4 bn | 1.2 bn | 1.3 bn | 989.0 m | 1.1 bn | 1.3 bn |
| Depreciation & amortisation | 414.0 m | 337.0 m | 350.0 m | 379.0 m | 406.0 m | 372.0 m | 367.0 m | 379.0 m |
| Interest expense | 160.0 m | 156.0 m | 173.0 m | 161.0 m | 175.0 m | 162.0 m | 161.0 m | 158.0 m |
| Pre-tax income | 1.6 bn | 578.0 m | 1.4 bn | 1.3 bn | 1.7 bn | 1.0 bn | 1.2 bn | 1.3 bn |
| Income tax | 287.0 m | 97.0 m | 253.0 m | 223.0 m | 313.0 m | 155.0 m | 74.0 m | 174.0 m |
| Net income | 1.3 bn | 481.0 m | 1.2 bn | 1.1 bn | 1.4 bn | 875.0 m | 1.1 bn | 1.1 bn |
| Diluted EPS | 8.67 ≈ | 3.32 | 8.15 | 7.67 | 9.99 ≈ | 6.14 | 7.68 | 7.89 |
| Operating cash flow | 2.6 bn | -1.6 bn | 868.0 m ≈ | 1.6 bn ≈ | 3.9 bn | -1.7 bn | 1.3 bn ≈ | 1.7 bn ≈ |
| Capex | 816.0 m | 256.0 m | 231.0 m | 301.0 m | 662.0 m | 167.0 m | 302.0 m ≈ | 306.0 m ≈ |
| Dividends paid | 299.0 m | 302.0 m | 332.0 m ≈ | 330.0 m ≈ | 329.0 m | 333.0 m | 351.0 m ≈ | 351.0 m ≈ |
| Share repurchases | 441.0 m | 480.0 m | 411.0 m ≈ | 277.0 m ≈ | 456.0 m | 68.0 m | 0 ≈ | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 40 percentile of its own 40-quarter history (min 8.9, median 17.8, max 34.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30.1 bn | 33.8 bn | 36.8 bn | 35.7 bn | 36.6 bn | 39.3 bn | 41.0 bn | 42.0 bn |
| Revenue YoY | +15.7% | +12.4% | +8.7% | −3.1% | +2.6% | +7.3% | +4.4% | +2.2% |
| Net income | 3.2 bn | 2.2 bn | 3.2 bn | 7.0 bn | 4.9 bn | 2.1 bn | 4.2 bn | 4.2 bn |
| Net income YoY | +12.5% | −30.4% | +41.9% | +119.7% | −30.1% | −58.0% | +103.0% | +0.2% |
| Diluted EPS | 18.49 | 13.22 | 19.03 | 43.54 | 31.47 | 13.53 | 28.34 | 29.08 |
| Diluted EPS YoY | +13.2% | −28.5% | +43.9% | +128.8% | −27.7% | −57.0% | +109.5% | +2.6% |
| net % | 10.7% | 6.6% | 8.7% | 19.6% | 13.4% | 5.2% | 10.2% | 10.0% |
| Free cash flow | 2.6 bn | 3.0 bn | 2.9 bn | 2.2 bn | 1.5 bn | 2.1 bn | 2.6 bn | 3.3 bn |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 4.4 bn USD
- Financial debt
- 15.7 bn USD
- Net debt
- 11.3 bn USD
- Equity
- 16.7 bn USD
- Total assets
- 51.4 bn USD
- Debt / equity
- 0.94x
- Current ratio
- 1.10x
- ROE
- 26.2%
- ROA
- 8.3%
- FCF margin
- 7.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 36.8 bn | 35.7 bn | 36.6 bn | 39.3 bn | 41.0 bn | 42.0 bn | SEC (XBRL)· 27 Jan 2026verified |
| Research & development | 1.1 bn | 1.1 bn | 1.2 bn | 1.2 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 27 Jan 2026verified |
| Operating income | 4.1 bn | 5.7 bn | 3.6 bn | 2.5 bn | 4.4 bn | 4.5 bn | SEC (XBRL)· 27 Jan 2026verified |
| Depreciation & amortisation | 1.3 bn | 1.2 bn | 1.3 bn | 1.3 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 27 Jan 2026verified |
| EBITDA | 5.3 bn ≈ | 6.9 bn ≈ | 4.9 bn ≈ | 3.9 bn ≈ | 5.7 bn ≈ | 6.0 bn ≈ | SEC (XBRL)· 27 Jan 2026derived |
| Interest expense | 593.0 m | 556.0 m | 506.0 m | 545.0 m | 621.0 m | 665.0 m | SEC (XBRL)· 27 Jan 2026verified |
| Pre-tax income | 3.7 bn | 8.9 bn | 5.8 bn | 2.3 bn | 5.0 bn | 5.1 bn | SEC (XBRL)· 27 Jan 2026verified |
| Income tax | 539.0 m | 1.9 bn | 940.0 m | 290.0 m | 842.0 m | 886.0 m | SEC (XBRL)· 27 Jan 2026verified |
| Net income | 3.2 bn | 7.0 bn | 4.9 bn | 2.1 bn | 4.2 bn | 4.2 bn | SEC (XBRL)· 27 Jan 2026verified |
| Diluted EPS | 19.03 | 43.54 | 31.47 | 13.53 | 28.34 | 29.08 | SEC (XBRL)· 27 Jan 2026verified |
| Weighted average diluted shares | 167.6 m | 160.9 m | 155.6 m | 152.0 m | 147.3 m | 143.8 m | SEC (XBRL)· 27 Jan 2026verified |
| Dividend per share | 5.67 | 6.16 | 6.76 | 7.34 | 8.05 | 8.99 | SEC (XBRL)· 27 Jan 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 4.9 bn | 3.5 bn | 2.6 bn | 3.1 bn | 4.4 bn | 4.4 bn | SEC (XBRL)· 27 Jan 2026verified |
| Receivables | 1.5 bn | 1.5 bn | 1.5 bn | 1.5 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 27 Jan 2026verified |
| Inventories | 759.0 m | 811.0 m | 978.0 m | 1.1 bn | 1.5 bn | 1.3 bn | SEC (XBRL)· 27 Jan 2026verified |
| Current assets | 15.3 bn | 12.4 bn | 12.5 bn | 13.7 bn | 14.3 bn | 15.3 bn | SEC (XBRL)· 27 Jan 2026verified |
| Property, plant & equipment, net | 7.1 bn | 7.9 bn | 8.8 bn | 9.7 bn | 10.5 bn | 11.0 bn | SEC (XBRL)· 27 Jan 2026verified |
| Goodwill | 17.5 bn | 17.5 bn | 17.5 bn | 17.5 bn | 17.5 bn | 17.4 bn | SEC (XBRL)· 27 Jan 2026verified |
| Intangibles (excl. goodwill) | 783.0 m | 578.0 m | 384.0 m | 305.0 m | 254.0 m | 208.0 m | SEC (XBRL)· 27 Jan 2026verified |
| Total assets | 44.5 bn | 42.6 bn | 43.8 bn | 46.5 bn | 49.4 bn | 51.4 bn | SEC (XBRL)· 27 Jan 2026verified |
| Accounts payable | 1.8 bn | 2.2 bn | 2.6 bn | 2.1 bn | 2.6 bn | 3.2 bn | SEC (XBRL)· 27 Jan 2026verified |
| Short-term debt | 742.0 m | 6.0 m | 1.1 bn | 70.0 m | 1.6 bn | 534.0 m | SEC (XBRL)· 27 Jan 2026verified |
| Long-term debt | 14.3 bn | 12.8 bn | 11.8 bn | 13.8 bn | 14.7 bn | 15.2 bn | SEC (XBRL)· 27 Jan 2026verified |
| Current liabilities | 9.6 bn | 9.5 bn | 11.6 bn | 11.9 bn | 14.1 bn | 13.9 bn | SEC (XBRL)· 27 Jan 2026verified |
| Total liabilities | 33.9 bn | 29.7 bn | 28.4 bn | 31.7 bn | 34.1 bn | 34.7 bn | SEC (XBRL)· 27 Jan 2026verified |
| Equity | 10.6 bn † | 12.9 bn † | 15.3 bn † | 14.8 bn † | 15.3 bn † | 16.7 bn † | SEC (XBRL)· 27 Jan 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 4.3 bn | 3.6 bn | 2.9 bn | 3.9 bn | 4.4 bn | 4.8 bn | SEC (XBRL)· 27 Jan 2026verified |
| Capex | 1.4 bn | 1.4 bn | 1.4 bn | 1.8 bn | 1.8 bn | 1.5 bn | SEC (XBRL)· 27 Jan 2026verified |
| Free cash flow | 2.9 bn ≈ | 2.2 bn ≈ | 1.5 bn ≈ | 2.1 bn ≈ | 2.6 bn ≈ | 3.3 bn ≈ | SEC (XBRL)· 27 Jan 2026derived |
| Investing cash flow | -1.2 bn | 2.1 bn | -1.2 bn | -1.6 bn | -1.7 bn | -1.2 bn | SEC (XBRL)· 27 Jan 2026verified |
| Financing cash flow | -432.0 m | -7.0 bn | -2.6 bn | -1.8 bn | -1.4 bn | -3.6 bn | SEC (XBRL)· 27 Jan 2026verified |
| Dividends paid | 953.0 m | 983.0 m | 1.1 bn | 1.1 bn | 1.2 bn | 1.3 bn | SEC (XBRL)· 27 Jan 2026verified |
| Share repurchases | 490.0 m | 3.7 bn | 1.5 bn | 1.5 bn | 2.5 bn | 1.6 bn | SEC (XBRL)· 27 Jan 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 57 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 74.6 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation57
- Balance sheet63
- Quality78
- Growth19
- Returns62
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 118.14 – 879.71 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)364.56 – 631.08 (Mid 465.27)WACC 8.6% · starting FCFF 4.4 bn USD · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 9.3%
- Peers: EV/EBITDA530.36 – 701.98 (Mid 681.10)3 companies used · median multiple 17.6x · quartiles 14.1x – 18.1xDRS, LHX, TDY
- Peers: P/E767.43 – 879.71 (Mid 828.05)5 companies used · median multiple 26.1x · quartiles 24.2x – 27.8xCODA, DRS, GRMN, LHX, TDY
- Dividend discount (DDM)118.14 – 158.88 (Mid 135.51)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 57/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.3% | 87 (on a fixed band) | 10% |
| Net margin · Quality | 10.4% | 63 (vs peers) | 6% |
| FCF conversion · Quality | 84.7% | 78 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | 4.7% | 39 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -2.6% | 0 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | 1.9x | 61 (on a fixed band) | 10% |
| Interest coverage · Balance sheet | 7.1x | 85 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 1.2x | 36 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 16.6x | 100 (vs peers) | 10% |
| EV/EBITDA · Valuation | 14.0x | 9 (on a fixed band) | 10% |
| FCF yield · Valuation | 5.1% | 64 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 2.5% | 36 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 35.6% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet63/100 · 3/3 factors with a value
- Growth19/100 · 2/2 factors with a value
- Quality78/100 · 3/3 factors with a value
- Returns62/100 · 2/2 factors with a value
- Valuation57/100 · 3/3 factors with a value
Memo
NORTHROP GRUMMAN CORP /DE/ (NOC). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 42.0 bn USD in 2025; YoY growth 2.2%; net margin 10.4%; ROE 26.1%; net debt/EBITDA 1.9x.
The estimated value range is 447.46–666.53 USD per share (median of 4 methods, agreement: medium); assumptions are illustrative. Against the central value of 573.18 USD, the price of 525.35 USD leaves a potential of 9.1% (value / price − 1) and a margin of safety of 8.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 57/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 13.3%
- FCF conversion: 84.7%
- Interest coverage: 7.1x
- P/E (TTM): 16.6x
- Payout ratio (FCF): 35.6%
What contradicts it
- EPS CAGR 3Y: -2.6%
- EV/EBITDA: 14.0x
Versus the vertical median
Search, Detection, Navigation, Guidance, Aeronautical Sys (SIC 3812) · same industry (4-digit SIC) · compared with 8 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NOCNorthrop Grumman Corp | 74.6 bn | 16.6 | 26.1% | 10.4% | +2.2% | −9% / +12% |
| GRMNGarmin Ltd | 55.7 bn | 27.8 | 22.4% | 25.6% | +15.1% | +48% / +137% |
| LHXL3harris Technologies, Inc. | 48.4 bn | 24.2 | 10.3% | 5.2% | unavailable | −7% / +36% |
| TDYTeledyne Technologies Inc | 29.1 bn | 28.9 | 9.5% | 15.8% | +7.9% | +27% / +57% |
| DRSLeonardo DRS, Inc. | 9.5 bn | 26.1 | 13.2% | 9.4% | +12.8% | +4% / +93% |
| NNNextNav Inc. | 1.5 bn | — | -77.9% | -2,812.5% | −19.3% | −38% / +121% |
| LUNRIntuitive Machines, Inc. | 835.8 m | — | — | -26.6% | −7.9% | +5% / +248% |
| CODACoda Octopus Group, Inc. | 101.4 m | 20.3 | 8.4% | 17.6% | +30.7% | +2% / +52% |
| MINDMind Technology, Inc | 33.6 m | — | -6.8% | -6.8% | −12.6% | −61% / −29% |
1- and 3-year price returns: for NOC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 312.20 Total return -39% · Per year -39% | 551.90 Total return 7% · Per year 7% | 831.26 Total return 61% · Per year 61% |
| 3 years | 303.93 Total return -38% · Per year -15% | 604.47 Total return 21% · Per year 7% | 999.51 Total return 98% · Per year 26% |
| 5 years | 295.89 Total return -37% · Per year -9% | 662.04 Total return 37% · Per year 6% | 1,201.82 Total return 143% · Per year 19% |
- Exit P/E± 151.12
- Net margin± 105.78
- Annual revenue growth± 86.70
- Annual dilution± 8.89
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Northrop Grumman is a global aerospace and defense company organized into four sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The U.S. government accounted for 84 percent of sales in 2025 1, and backlog reached $110 billion at the end of the third quarter of 2026 3. Third quarter 2026 sales rose 7 percent to $11.1 billion 3.
SWOT
Strengths
Weaknesses
Opportunities
Threats
- Government shutdowns and continuing resolutions could delay contracts and payments 1.
- Intense competition and new entrants could reduce the company's success in winning new programs 1.
- Trade tariffs and shortages of critical materials such as microelectronics could raise costs and delay deliveries 12.
Risks
- Dependence on the U.S. governmenthigh
Most revenue comes from one customer, and shifts in its priorities or budgets can directly affect programs.
- Funding delaysmedium
Annual funding is uncertain, and shutdowns or continuing resolutions can postpone new programs and payments.
- Cost and supply chain pressuremedium
Inflation, tariffs and shortages of critical materials can raise costs and delay contracts.
- Regulatory and policy changesmedium
Executive orders and acquisition reforms can change contract terms and require additional investment.
Investment thesis
What would need to be true (bull case)
- A record backlog and steady demand from the government and allies could support sales growth over several years if funding holds.
- Margins could recover if mature programs perform well, and cash flow could strengthen if payments stay steady.
What would break the thesis
- If defense budgets become more restrictive or shutdowns recur, new orders could be delayed.
- Losses on fixed-price contracts could return if cost estimates on new programs prove too optimistic.
- Competition and tariffs could compress margins, especially if rivals win major contracts.
What to watch
- Development of backlog and new awardsQ4 2026
- Status of defense funding and the FY 2026 budget2026
- Margin trends in Aeronautics and Defense SystemsQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Customer concentration is high: the U.S. government generated 84 percent of 2025 sales, and most work is long-term contracts with it 1. Contracts follow FAR and CAS rules, with costs audited by DCAA 1. Revenue is recognized as control transfers to the customer, mostly over time on a cost-to-cost basis 1.
Market context
Defense demand is shaped by a tense security environment, with conflicts in Ukraine and Iran and threats in the Middle East and Western Pacific 2. Allied demand for defense products has grown, but U.S. budgets remain uncertain and Congress continues to debate funding 12.
The One Big Beautiful Bill Act allocated about 150 billion USD for defense, with funds available for obligation until September 30, 2029 1. This funding could support modernization, missile defense and production, though its effect depends on budget decisions and possible government shutdowns 12.
Trends
- Higher defense budgetstailwind
Additional defense funding could increase demand for the company's programs, especially in missiles and strategic deterrence, if the funds are actually allocated 12.
- Regional conflictstailwind
Tensions in Ukraine, Iran and the Western Pacific have raised allied demand for defense products, which could support long-term backlog 2.
- Budget uncertainty and shutdownsheadwind
Annual funding is subject to delays and shutdowns that can postpone new contracts and payments; a prolonged continuing resolution could affect new starts 1.
- Tariffs and cost pressuremixed
Tariffs and shortages of materials such as microelectronics and rare earths can raise costs on fixed-price contracts that may not be fully recovered from customers 12.
Competitive position
The company competes with The Boeing Company, General Dynamics, L3Harris Technologies, Lockheed Martin and RTX, and newer entrants and startups are increasingly present 1. Competition is intense, shown by the number of bids and protests of government awards 1.
Rivals can also be subcontractors or customers on other contracts, which makes the relationships more complex 1. Long-term standing depends on winning new programs and sustaining performance on existing ones 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Уолл-стрит закрылась в заметном плюсе после выборов в Конгресс СШАInterfax Russia (RU) · 05 Nov 2026 · RU
- Acțiunile marilor producători americani de armament scad puternic după alegerile pentru Congres. Investitorii se tem că democrații vor bloca propunerea lui Donald Trump de a majora bugetul Pentagonului la 1.500 de miliarde de dolari în 2027.Biziday.ro · 04 Nov 2026 · RO
- Why The US Air Force Is Paying For 25% More B-21 Production Capacity Before Anyone Has Approved 145 BombersSimple Flying · 30 Oct 2026 · EN
- NASA ponders a Hubble servicing mission or a controlled deorbitThe Register · 30 Oct 2026 · EN
- Critical launch for Vulcan as ULA targets Friday the 13thThe Register · 29 Oct 2026 · EN
- How The B-21 Raider Compares To The B-2 Spirit, B-52 & B-1B – And Why It Wins Every CategorySimple Flying · 25 Oct 2026 · EN
- Typhoon Champi kills one , injures nearly 530 in TaiwanSurge — GDELT DOC · 24 Oct 2026 · RO
- Final polls show Netanyahu and opposition blocs short of majority ahead of Israel election : Israeli mediaSurge — GDELT DOC · 24 Oct 2026 · RO
- B-21 Raider Final Assembly: How The New Line Raises Production Capacity By 25%Simple Flying · 23 Oct 2026 · EN
- Musk disputes NASA safety panel's lunar launch estimatesThe Register · 23 Oct 2026 · EN
- SUA au finalizat un acord pentru achiziționarea a 850 de avioane de vânătoare F-35, în timp ce Rusia a desfășurat noi rachete de croazieră Filin. - Vietnam.vnSurge — Google News · 23 Oct 2026 · RO
- Why The B-21 Raider's Flying-Wing Shape Creates Unique Design TradeoffsSimple Flying · 21 Oct 2026 · EN
- Dow Jones и S&P 500 выросли во вторник, Nasdaq завершил торги в небольшом минусеInterfax Russia (RU) · 21 Oct 2026 · RU
- BURSELE LUMII Continuă declinul pe pieţele europene - Ziarul BursaBURSA.ro · 20 Oct 2026 · RO
- Analiză. Acțiunile companiilor americane din sectorul apărării au scăzut puternic, pe fondul temerilor că o eventuală victorie a democraților la alegerile de la jumătatea mandatului ar putea compromite majorarea bugetului militar. Incertitudinea privind viitoarele cheltuieli pentru apărare este alimentată de scăderea popularității lui Donald Trump la un minim istoric și avansul democraților în sondaje.Biziday.ro · 20 Oct 2026 · RO
- Stocks making the biggest moves midday: Hasbro, Northrop Grumman, Equifax, General Motors & moreCNBC — Top News · 20 Oct 2026 · EN
- Stocks making the biggest moves premarket: RTX, General Motors, Northrop Grumman, Steel Dynamics & moreCNBC — Top News · 20 Oct 2026 · EN
- US Army showing interest in G/ATOR missile-killing radar, Northrop saysDefense News (US, EN) · 19 Oct 2026 · EN
- Recap: Autonomy dominates the US Army’s 2026 conference in WashingtonDefense News (US, EN) · 16 Oct 2026 · EN
- How 7 B-2 Bombers Flew 36 Hours To Iran While A Decoy Package Headed For GuamSimple Flying · 15 Oct 2026 · EN
SEC filings
- Quarterly report20 Oct 2026
- Current report20 Oct 2026Results of operations · Financial statements and exhibits
- Current report21 Aug 2026Departure or appointment of officers
- Quarterly report21 Jul 2026
- Current report21 Jul 2026Results of operations · Financial statements and exhibits
- Current report21 May 2026Shareholder vote
- Quarterly report21 Apr 2026
- Current report21 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement03 Apr 2026
- Current report13 Feb 2026Departure or appointment of officers · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Northrop Grumman Corporation · 27 Jan 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / Northrop Grumman Corporation · 20 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Northrop Grumman Corporation · 20 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.