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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.

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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

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Earnings data Q1 2023

Earnings data Q2 2023

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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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Defense stocks with dividends have been surging in popularity of late. There was a massive shift in the geopolitical scene once Russia invaded Ukraine in February this year.

7 Defense Stocks With Dividends You Can Count On

Can an unproven rocket-maker from Texas be Northrop's solution to dependence on Russian rockets?

Northrop Kicks Russia to the Curb, Will Build an All-American Rocket

Halliburton

Humana

Winnebago

Xcel Energy

Daily Dividend Report: Halliburton, Northrop Grumman, Humana, Winnebago Industries, Xcel Energy

Boeing

Boeing, Northrop are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies.

Boeing, Northrop to join White House-backed advanced manufacturing program

McKesson

Should investors be watching these defensive stocks this week?

3 Defensive Stocks To Watch In August 2022

The European Space Agency (ESA) is allegedly in discussions with Elon Musk's SpaceX to use its launchers, at least temporarily.

Europe turns to SpaceX for launch needs due to tensions with Russia

Northrop Grumman is one of America's largest defense contractors with high exposure in fast-growing segments like space and advanced aeronautics. I doubled the position in my dividend growth portfolio as NOC also has a low-volatility profile and outperforming total returns.

Why I Doubled My Northrop Grumman Investment

America's top weapons contractors had another banner year in 2021 despite labor and supply chain issues linked to the COVID pandemic and other global economic challenges, according to the latest Defense News Top 100.

Weapons Contractors Thrive Despite Pandemic, Supply Chain Issues

Northrop Grumman will move production of the engines and structures of its Antares rockets from Russia and Ukraine to the U.S.

Northrop Grumman moves Antares rocket work to US from Russia & Ukraine with Firefly partnership

Discovering a merger agreement may have been violated is one thing. Figuring out what to do about it four years later is another matter.

Will The FTC Try To Unwind Northrop Grumman's 2018 Merger With Orbital ATK?

Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday.

Northrop buys trio of SpaceX launches as it upgrades Antares rocket

WASHINGTON (Reuters) -Northrop Grumman is partnering with rocket startup Firefly Aerospace to build a new version of its workhorse Antares rocket without Russian-made engines that were cut off from the United States after the invasion of Ukraine, the company said on Monday.

Northrop taps rocket startup Firefly to replace Antares' Russian engines

Chalk one up for the American broomsticks. Northrop Grumman has announced that it will partner with startup Firefly Aerospace to build an all-American version of its workhorse Antares rocket, which currently flies with Russian-built RD-181 engines.

Northrop Grumman taps Firefly Aerospace to upgrade its Antares rocket to American-built engines

In an effort to save money, NASA plans to hand tens of billions of dollars to a new joint venture dubbed "Deep Space Transport LLC."

Will Boeing and Northrop Win $82 Billion From NASA?

General Electric

iShares U.S. Aerospace & Defense ETF

Invesco Aerospace & Defense ETF

SPDR S&P Aerospace & Defense ETF

Most aerospace and defense companies came up with a mixed earnings. However, some companies offered assuring outlooks.

Aerospace & Defense Q2 Earnings: Hit or Miss for ETFs?

SpaceX had a shot at becoming a satellite builder for the Pentagon -- but then Northrop showed up.

Shocker: Northrop Grumman Beats SpaceX in Space

HUNTSVILLE, Ala., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has been awarded an indefinite delivery, indefinite quantity contract with a maximum amount of $3,286,745,005 by the Missile Defense Agency (MDA) for the Ground-based Midcourse Defense (GMD) Weapon System (GWS) program. The GWS program defends the United States against intermediate and intercontinental ballistic missile attacks. Under this competitively procured contract, Northrop Grumman will provide design, development, verification, deployment and sustainment support of new capabilities for GWS.

Missile Defense Agency Selects Northrop Grumman to Lead Homeland Missile Defense Program

Northrop Grumman is navigating the current climate rather well. Full year guidance has been reaffirmed.

Northrop Grumman Stock Is A Buy On Solid Execution And Space Boom

Northrop Grumman Corp. (NYSE:NOC ) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Todd Ernst - Treasurer & Vice President of Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President Dave Keffer - Chief Financial Officer Conference Call Participants Mariana Perez - Bank of America Richard Safran - Seaport Research Doug Harned - Bernstein Cai von Rumohr - Cowen Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies David Strauss - Barclays Seth Seifman - JPMorgan Noah Poponak - Goldman Sachs Robert Spingarn - Melius Research Operator Good day ladies and gentlemen and welcome to the Northrop Grumman's Second Quarter 2022 Conference Call. Today's call is being recorded.

Northrop Grumman Corp. (NOC) CEO Kathy Warden on Q2 2022 Results - Earnings Call Transcript

Northrop Grumman (NOC) reports Q2 sales of $8.80 billion, which miss the Zacks Consensus Estimate by 3.5%. Sales also decrease 4% from the year-ago quarter's $9.15 billion.

Northrop Grumman's (NOC) Q2 Earnings Top, Sales Decline Y/Y

Northrop Grumman (NOC) delivered earnings and revenue surprises of 0.50% and 3.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Northrop Grumman (NOC) Q2 Earnings Beat Estimates

Northrop Grumman's NOC, +0.26% second-quarter sales fell to $8.8 billion, down from $9.2 billion in the same period last year. The defense contractor posted net income of $946 million, or $6.06 a share for the second quarter, down from $1 billion, or $6.42 a share in the year-ago quarter.

Northrop Grumman Q2 sales, EPS, fall short of Wall Street's estimates amid macro headwinds

FALLS CHURCH, Va., July 28, 2022 (GLOBE NEWSWIRE) --  Northrop Grumman Corporation (NYSE: NOC) has released its second quarter 2022 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 Second Quarter 2022 Financial Results

Northrop Grumman Corp reported a 3.8% fall in quarterly sales on Thursday, as sustained labor shortages and global supply chain issues dent deliveries for the U.S. weapons maker.

Northrop sales fall as labor shortages, supply chain issues hamper production

Textron

Q2 earnings of aerospace- defense stocks are likely have been aided by recovering commercial aerospace trends amid a supply chain issue. TXT, NOC and LHX are set to release Q2 numbers on Jul 28

News for Northrop Grumman Stock (NOC)