Northrop Grumman Corporation's Stock Analysis

Northrop Grumman Announces CFO Transition and 2025 Guidance

Northrop Grumman Corporation has elected John Greene as its new corporate vice president and chief financial officer, effective January 7, 2026. Greene has extensive experience in finance, having previously served as CFO at Discover Financial Services, Bioverativ, and other notable companies. He will succeed Kenneth Crews, who will step down as CFO on the same date but will remain with the company in an advisory role until February 20, 2026. Greene's compensation package includes a base salary of $955,000 and a sign-on grant valued at $2 million in Restricted Stock Rights.

The company has reaffirmed its financial guidance for the fiscal year 2025, indicating stability in its outlook despite the leadership transition. Northrop Grumman operates as a leading global aerospace and defense technology company, and the management transition is expected to be smooth, ensuring continued focus on strategic capital deployment and shareholder value. The company aims to navigate market opportunities effectively under Greene's leadership.

Nov 06, 2025 17:04:18

Northrop Grumman Reports Q3 2025 Financial Results and Guidance

Northrop Grumman Corporation reported a 4% increase in sales for the third quarter of 2025, totaling $10.4 billion, compared to $10.0 billion in the same quarter of 2024. The company's net earnings rose to $1.1 billion, or $7.67 per diluted share, reflecting a 10% increase from the previous year. The operating margin rate improved to 11.9%, driven by higher segment operating income, particularly in Mission Systems and Defense Systems. The company also reported a book-to-bill ratio of 1.17 and net awards of $12.2 billion, contributing to a backlog of $91.4 billion.

In light of the strong performance, Northrop Grumman raised its 2025 MTM-adjusted EPS guidance by $0.65, now projecting a range of $25.65 to $26.05. The increase is attributed to improved operational efficiency and continued demand across its business segments. However, the company noted a rise in income tax expenses due to changes in tax legislation and an increase in the effective tax rate. The report also highlighted various operational challenges, including inflationary pressures and supply chain issues, which could impact future performance.

Oct 21, 2025 06:29:41

Northrop Grumman Secures $3 Billion Credit Facility Agreement

Northrop Grumman Corporation has entered into a new credit agreement, obtaining a $3 billion senior unsecured revolving credit facility for five years. This facility replaces a previous $2.5 billion credit facility and is intended to support the company's commercial paper program and general corporate purposes.

The credit agreement includes customary terms such as covenants that restrict the company's ability to sell substantial assets or merge with other entities and limits the consolidated debt to capitalization ratio to 65 percent. It also outlines events of default, including nonpayment of debt and certain bankruptcy events, which could impact the company's financial obligations.

Sep 02, 2025 16:05:25

Northrop Grumman Reports Strong Second Quarter Financial Performance

Northrop Grumman Corporation reported a sales increase of 1 percent for the second quarter of 2025, reaching $10.4 billion compared to $10.2 billion in the same quarter of 2024. The company’s net earnings rose to $1.2 billion, or $8.15 per diluted share, which includes a benefit of $1.04 per share from the divestiture of its training services business. The operating margin rate improved to 13.8 percent, up from 10.7 percent in the previous year, reflecting strong performance across various segments, despite a decline in sales from Space Systems due to the wind-down of certain programs. Additionally, Northrop Grumman returned over $700 million to shareholders through share repurchases and dividends during the quarter.

The company has raised its financial guidance for 2025, projecting segment operating income between $4,275 million and $4,375 million, and adjusted EPS between $25.00 and $25.40. Free cash flow expectations have also increased to a range of $3,050 million to $3,350 million. Northrop Grumman reported a backlog totaling $89.7 billion, with net awards for the quarter amounting to $7.4 billion, highlighting ongoing demand for its products and services. The company’s international sales grew by 18 percent, indicating a strong global market presence.

Jul 22, 2025 06:45:40

Company Files Financial Statements and Exhibits Report

The company has filed its financial statements and exhibits as required by the Securities Exchange Act of 1934. This report has been duly signed by Jennifer C. McGarey on May 29, 2025.

May 29, 2025 16:10:12

Northrop Grumman Announces $1 Billion Debt Offering Details

Northrop Grumman Corporation has priced a $1.0 billion public offering of senior unsecured notes, which includes $500 million of 4.650% senior notes due in 2030 and $500 million of 5.250% senior notes due in 2035. The company plans to use the net proceeds from this offering for general corporate purposes, which may include debt repayment, share repurchases, and working capital. The offering is expected to close on May 29, 2025, pending customary closing conditions.

The company is offering these securities under an effective shelf registration statement previously filed with the Securities and Exchange Commission. Interested parties can obtain copies of the prospectus supplement and the accompanying base prospectus through designated financial institutions or by visiting the SEC's website. This press release does not constitute an offer to sell or a solicitation to buy the securities in any jurisdiction where such offer or sale would be unlawful.

May 27, 2025 17:41:06

Northrop Grumman Reports Decrease in Q1 Sales and Earnings

Northrop Grumman Corporation announced its financial results for the first quarter of 2025, reporting sales of $9.5 billion, down 7% from $10.1 billion in the same quarter of 2024. The decrease was attributed to fewer working days and the winding down of certain Space Systems programs. The company's net earnings fell to $481 million, or $3.32 per diluted share, significantly lower than $944 million, or $6.32 per diluted share, in the prior year. A substantial loss provision of $477 million related to the B-21 program contributed to the decline in earnings.

The company achieved net awards totaling $10.8 billion, leading to a record backlog of $92.8 billion. Despite the challenges in sales and earnings, Northrop Grumman reaffirmed its guidance for 2025, maintaining expectations for sales and free cash flow. The company repaid $1.5 billion of long-term debt and returned nearly $800 million to shareholders through share repurchases and dividends during the quarter.

Apr 22, 2025 06:45:19

Northrop Grumman Reports $4.2 Billion Net Earnings for 2024

Northrop Grumman reported notable financial results for 2024, with net earnings reaching $4.2 billion, a significant increase from the previous year. The company experienced a 4 percent rise in sales to $41 billion, driven by strong demand across various segments. The book-to-bill ratio was 1.23, leading to a record backlog of $91.5 billion. Operating cash flow also improved, totaling $4.4 billion, and the company returned $3.7 billion to shareholders through share repurchases and dividends. The diluted earnings per share (EPS) was $28.34, reflecting a robust performance overall.

However, there were some challenges noted in the report. Sales in the Space Systems segment decreased by 13 percent compared to the previous year, primarily due to a reduction in work on specific programs. Additionally, the company faced a $552 million increase in income tax expenses, which partially offset the gains in net earnings. There was also a mention of higher unallocated corporate expenses related to deferred state tax expenses. Despite these negatives, the overall financial performance indicated a positive trend for Northrop Grumman.

Jan 30, 2025 06:45:14

Northrop Grumman Reports Strong Q3 2024 Financial Results

Northrop Grumman's third quarter financial results show significant growth, with sales rising 2% to $10 billion and net earnings increasing by 9% to $1 billion. The company's operating margin also improved to 11.2%, reflecting strong demand for its products and services. Notably, diluted earnings per share rose by 13% to $7.00, indicating a positive trend for shareholders. The company has raised its guidance for the year based on these strong results, highlighting its commitment to delivering value to customers and investors alike.

However, the report also noted a decline in sales within the Space Systems segment, attributed to the winding down of certain programs. Additionally, cash flow from operations decreased by 11%, and free cash flow fell by 16%, which may raise concerns about liquidity. Despite these challenges, Northrop Grumman's record backlog of $85 billion and substantial new awards of $11.7 billion suggest a robust pipeline for future growth.

Oct 24, 2024 06:45:11

Northrop Grumman Reports Strong Q2 2024 Financial Results

Northrop Grumman achieved a 7% sales increase to $10.2 billion in Q2 2024, with net earnings rising 16% to $940 million. Operating income grew by 13%, and diluted earnings per share increased by 19%. The company raised its sales and earnings guidance for the year, reflecting strong demand and efficient operations. However, there was a decrease in operating margin rates for some segments, and unfunded backlog was reduced due to a program termination.

Jul 25, 2024 06:44:45