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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of business

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Northrop Grumman

Northrop Grumman Corp. engages in the provision of advanced aircraft systems. It operates through the following segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment is involved in the design, development, production, integration, sustainment, and modernization of advanced aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. The Defense Systems segment includes integrated battle management systems, weapons systems and aircraft, and mission systems sustainment and modernization. The Mission Systems segment offers advanced mission solutions and multifunction systems, primarily for the U.S. defense and intelligence community, and international customers. The Space Systems segment delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems for national security, civil government, commercial, and international customers. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Northrop Grumman reports robust Q4 performance and eyes international growth

Northrop Grumman's Q4 2022 earnings call highlighted strong performance, notable achievements, and optimistic growth expectations for 2023. Despite challenges like inflationary pressures and upfront investments impacting free cash flow, the company remains focused on delivering value to shareholders and capitalizing on international opportunities for growth.

Northrop Grumman reports strong Q1 earnings, eyes international growth

Northrop Grumman's Q1 performance showed sales growth and strong earnings, with a positive outlook for the future.
The company's focus on investments in weapons portfolio capacity, hypersonic technology, and space exploration positions it for continued success.
Challenges in the defense sector are being addressed through competitive strategies and a shift towards fixed price contracts.
Opportunities in international markets, missile defense capabilities, and strategic partnerships offer avenues for future growth and expansion.

Northrop Grumman excels in Q2, eyes margin expansion in 2024

Northrop Grumman's Q2 performance reflects strong sales growth and operational efficiency enhancements, underpinned by a proactive approach to challenges and a focus on margin expansion.
The company's strategic capital deployment and growth opportunities in the Space segment position it well for sustained success and shareholder value creation.
Anticipated margin expansion in 2024, alongside disciplined cost management and market tailwinds, bode well for Northrop Grumman's future growth trajectory.

Northrop Grumman reports robust Q3 results, eyes international growth opportunities

Northrop Grumman's Q3 performance reflects financial strength and operational excellence, driven by robust sales growth, profitability, and cash flow generation. While facing challenges in meeting increased demand and navigating tax implications, the company is well-positioned to capitalize on international growth opportunities and maintain its competitive edge in the defense sector.

Northrop Grumman exceeds revenue expectations, addresses B-21 program challenges

Northrop Grumman delivered strong financial performance in 2023, surpassing revenue guidance and demonstrating operational resilience. While facing challenges in the B-21 program, the company remains focused on driving growth, improving margins, and enhancing shareholder value through strategic investments and disciplined decision-making.

Northrop Grumman reports robust Q1 performance and eyes global growth

Northrop Grumman's Q1 performance showcased strong sales growth, margin improvement, and operational efficiency.
The company's focus on global demand, investments in technology, and capital deployment strategy position it for continued success.
Challenges include program timing issues and supply chain concerns, but opportunities in defense technologies and international markets offer growth potential.
Overall, Northrop Grumman's strategic initiatives and financial performance in Q1 2024 indicate a positive outlook for the year.

Northrop Grumman excels in Q2 2024, eyes international growth

Northrop Grumman's Q2 2024 performance reflects robust financial metrics, strategic portfolio alignment with defense priorities, and a focus on sustainable growth. Despite potential challenges in international markets and evolving defense landscapes, the company's strong operational performance and investment strategies signal resilience and growth potential.

Northrop Grumman's Q3 performance reflects operational strength, profitability, and strategic positioning for future growth.
The company's focus on margin expansion, program execution, and international sales growth underscores its commitment to sustained success.
While challenges persist in a competitive landscape, Northrop Grumman remains optimistic about capitalizing on opportunities for growth and performance.

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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Northrop Grumman Corporation (NYSE: NOC) resulting from allegations that Northrop may have issued materially misleading business information to the investing public.

ROSEN, TRUSTED AND TOP RANKED INVESTOR COUNSEL, Encourages Northrop Grumman Corporation Investors to Inquire About Class Action Investigation – NOC

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Northrop Grumman Corporation (“Northrop” or the “Company”) (NYSE: NOC) investors concerning the Company's possible violations of federal securities laws. On January 26, 2023, Northrop released its fourth quarter and full-year 2022 financial results, disclosing that the Company had received a criminal subpoena from the U.S.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Northrop Grumman Corporation (NOC) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $NOC #NOC--The Schall Law Firm Announces it is Investigating Claims Against Northrop Grumman Corporation and Encourages Investors with Losses to Contact the Firm

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Northrop Grumman Corporation and Encourages Investors with Losses to Contact the Firm

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There are 21 stocks on my dividend growth watchlist for January 2023. More than half of the stocks on my watchlist for this month are currently undervalued based on dividend yield theory.

Dividend Growth Stock Watchlist - February 2023

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Northrop Grumman Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Northrop Grumman Corporation (“Northrop” or the “Company”) (NYSE: NOC) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate.

The Law Offices of Frank R. Cruz Announces Investigation of Northrop Grumman Corporation (NOC) on Behalf of Investors

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War is good business. The U.S. has been in a continuous state of war or war readiness since Dec. 7, 1941.

The 5 Best Defense Stocks to Buy (With Dividends) for February 2023

FALLS CHURCH, Va., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Citi's 2023 Global Industrial Tech and Mobility Conference on Wednesday, Feb. 22. Kathy Warden, chair, chief executive officer and president, and Dave Keffer, corporate vice president and chief financial officer, will present beginning at 8:50 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

Northrop Grumman to Participate in Citi's 2023 Global Industrial Tech and Mobility Conference

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Strong earnings and encouraging inflation data helped the S&P 500 to witness its best January since 2019.

5 Best and Worst Performing Large-Cap Stocks in January 2023

FALLS CHURCH, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.0 billion underwritten public offering of senior unsecured notes. The notes include:

Northrop Grumman Prices $2.0 Billion Debt Offering

Northrop (NOC) announces to buy back $500 million of the common stock under the ASR program.

Northrop (NOC) to Repurchase $500M Shares Under ASR Agreement

FALLS CHURCH, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A. to repurchase $500 million of Northrop Grumman's common stock. The ASR is in addition to previously planned repurchases, including open market share repurchases. The company continues to target returning more than 100% of its free cash flow to shareholders through dividends and share repurchases in 2023.

Northrop Grumman Announces New $500 Million Accelerated Share Repurchase Agreement

Northrop Grumman shares have had a horrible start this year as shares have dropped almost 20% year-to-date. The company was hit by policy uncertainty and an ugly full-year EPS guidance number.

Northrop Grumman Has Crashed

Northrop Grumman had a tremendous 2022 but shares are down over 19% in January. The defense giant is benefiting from increased geopolitical tension which I do not think will ease any time soon.

Northrop Grumman: Potential Defense Budget Cut May Weigh In The Near Term

Northrop Grumman is strongly positioned for the future with robust sales growth and a very high backlog. It's benefitting from higher global defense spend and its space systems is seeing demand from customers like Amazon.

Northrop Grumman: Buy The Drop On This High Quality Stock

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Investing $10,000 In These 3 Dividend Growth No-Brainers

FALLS CHURCH, Va., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Cowen's 44th Annual Aerospace/Defense & Industrials Conference on Wednesday, Feb. 15. Dave Keffer, corporate vice president and chief financial officer, Northrop Grumman will present beginning at 9:15 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

Northrop Grumman to Participate in the 44th Annual Cowen Aerospace/Defense & Industrials Conference

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FALLS CHURCH, Va., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announces that its board of directors has elected Stephen O'Bryan corporate vice president and Global Business Development Officer, effective February 6. He will report to Kathy Warden, chair, chief executive officer and president, and be responsible for leading the business development organization and enabling the company's international growth strategy. O'Bryan will succeed David Perry, who has announced his intent to retire effective March 31.

Northrop Grumman Elects Stephen O'Bryan Corporate Vice President and Global Business Development Officer; David Perry to Retire

Analysts are wary of defense stocks as Republicans push for cuts to U.S. government spending.

Defense Execs Are Talking Up High Demand. The Market Isn't Buying It.

Northrop Grumman CEO Kathy Warden said in an earnings call that the company expects to complete one of five of its new B-21 Raiders for the U.S. Air Force in 2023.

Northrop Grumman expects to complete first of 5 B-21 stealth bomber orders for Air Force in 2023

While the top- and bottom-line numbers for Northrop Grumman (NOC) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Northrop Grumman (NOC) Q4 Earnings: A Look at Key Metrics

Northrop Grumman Corp (NYSE:NOC ) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Todd Ernst - Corporate VP and Treasurer & VP, IR Kathy Warden - Chairman, CEO & President David Keffer - Corporate VP & CFO Conference Call Participants Kristine Liwag - Morgan Stanley Ronald Epstein - Bank of America Merrill Lynch Kenneth Herbert - RBC Capital Markets George Shapiro - Shapiro Research Douglas Harned - Sanford C. Bernstein & Co. Richard Safran - Seaport Research Partners Seth Seifman - JPMorgan Chase & Co. Scott Deuschle - Crédit Suisse Myles Walton - Wolfe Research David Strauss - Barclays Bank Peter Arment - Robert W.

Northrop Grumman Corp (NOC) Q4 2022 Earnings Call Transcript

Northrop Grumman (NOC) Q4 total sales of $10.03 billion surpass the Zacks Consensus Estimate by 3.8%. Also, sales increase by 16% from the year-ago quarter's $8.64 billion.

Northrop Grumman's (NOC) Q4 Earnings Beat, Sales Rise Y/Y

Northrop Grumman (NOC) delivered earnings and revenue surprises of 13.64% and 3.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Northrop Grumman Stock (NOC)