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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

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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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Northrop Grumman crushed its Q1 earnings report, beating earnings expectations with a stick. Northrop's space business wildly outperformed expectations, and is now the company's single biggest business.

Northrop Grumman Just Might Be the Best Space Stock to Buy

FALLS CHURCH, Va., May 10, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will conduct its annual shareholders meeting on Wednesday May 17 at the company's headquarters, 2980 Fairview Park Drive, Falls Church, Virginia. The official meeting also will be webcast beginning at 8 a.m. Eastern time at http://investor.northropgrumman.com. An audio replay will be available on the company's investor relations website for two weeks.

Northrop Grumman to Webcast Annual Shareholders Meeting

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War premiums drove stock prices high, too high. Northrop Grumman was overvalued at previous prices.

Northrop Grumman Overvalued Stock Crashed: What's Next?

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HUNTSVILLE, Ala., May 01, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation's (NYSE: NOC) Integrated Battle Command System (IBCS) has achieved initial operational capability from the U.S. Army. With this declaration, the system is now ready to be fielded to U.S. Army units to further support the development of the system's capabilities.

Northrop Grumman's Integrated Battle Command System Achieves Initial Operational Capability

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Over the past decade, the value of drone stocks has rapidly surged. During this time, drones have become more closely integrated with critical services, including identifying military targets in Ukraine and mapping out routes for vehicle navigational systems, thanks to technological advancements.

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Northrop Grumman's (NOC) first-quarter 2023 total sales of $9.30 billion surpass the Zacks Consensus Estimate by 1.1%. The figure also increases 6% from the year-ago quarter's numbers.

Northrop Grumman (NOC) Beats on Q1 Earnings, Ups '23 EPS View

Northrop Grumman Corp (NOC) Q1 2023 Earnings Call Transcript.

Northrop Grumman Corp (NOC) Q1 2023 Earnings Call Transcript

FALLS CHURCH, Va., April 27, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its first quarter 2023 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.

Northrop Grumman Releases First Quarter 2023 Financial Results

Northrop's (NOC) Q1 results are likely to reflect solid sales growth across the majority of its segments. However, higher labor and material costs due to inflation may have impacted the bottom line.

Will Segmental Performance Aid Northrop's (NOC) Q1 Earnings?

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A solid jet deliveries outlook and defense budget proposal should benefit aerospace-defense stocks amid supply chain disruption. You may keep a watch on LMT, NOC and GD.

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Targeting stocks displaying relative strength is a great way for investors to insert themselves in favorable trends where buyers are in control.

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Northrop Grumman (NOC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Northrop Grumman (NOC) Q1 Earnings Expected to Decline

42-satellite constellation will provide resilient, secure communications for U.S. troops operating globally 42-satellite constellation will provide resilient, secure communications for U.S. troops operating globally

Northrop Grumman Rapidly Completes Critical Design Review for Tranche 1 Transport Layer

A division within Northrop Grumman has in recent years become the world leader in extending the life of valuable satellites that are already in orbit.

Investing in Space: Intelsat signs up for Northrop Grumman satellite servicing

HUNTSVILLE, Ala., April 13, 2023 (GLOBE NEWSWIRE) -- The United States Defense Department has approved Full Rate Production for Northrop Grumman Corporation's (NYSE: NOC) Integrated Battle Command System (IBCS). The decision scales the U.S. Army's ability to field the paradigm-changing system, enabling sensor to decider to weapon integration. It also affirms IBCS's role as the cornerstone of the U.S. Army's air and missile defense modernization strategy.

Northrop Grumman's IBCS Approved For Full Rate Production, Readying Transformational System For Fielding Around the Globe

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Northrop is one of the leading aerospace and defense companies in the world, driven by its focus on innovative high-tech solutions. The outlook for both the Space and Defense industry is looking very good, which poses well for industry giant Northrop.

Northrop Grumman: Expensive, But For Good Reasons

WASHINGTON, April 05, 2023 (GLOBE NEWSWIRE) -- The James Webb Space Telescope industry team, led by Northrop Grumman Corporation (NYSE: NOC), has won the prestigious National Aeronautic Association (NAA) Robert J. Collier Trophy for revolutionizing the field of astrophysics with the team's pioneering design and exceptional performance of NASA's James Webb Space Telescope.

Northrop Grumman Wins Collier Trophy for NASA's James Webb Space Telescope

Northrop (NOC), through the recent contract win, now has the option to manufacture SEWIP Block 3 Hemisphere Systems.

Northrop (NOC) Wins $236M Contract for SEWIP Block 3

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Panic never pays. It seems the market could go up just as well as it could go down.

News for Northrop Grumman Stock (NOC)