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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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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.

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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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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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Although tensions between China and Taiwan are nothing new, the latest wave of escalations put a new focus on defense stocks. The post 7 Defense Stocks to Watch as Taiwan Tensions Heighten appeared first on InvestorPlace.

7 Defense Stocks to Watch as Taiwan Tensions Heighten

Northrop Grumman announced contracts valued at "just" $125 million in August.

Is Northrop Grumman Losing Momentum?

TUCSON, Ariz., Sept. 27, 2021 /PRNewswire/ -- Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, in partnership with Northrop Grumman (NYSE: NOC), successfully completed the first flight test of a scramjet-powered Hypersonic Air-breathing Weapon Concept, or HAWC, for the Defense Advanced Research Projects Agency and the U.S. Air Force.

Raytheon Missiles & Defense, Northrop Grumman successfully test fire hypersonic weapon

General Dynamics

While traditional airlines continue to recover following the decrease in travel demand caused by the Covid-19 pandemic, space startups like Jeff Bezos' Blue Origin, Elon Musk's SpaceX and Virgin Galactic Holdings Inc. ( SPCE , Financial), who are striving to get ahead in taking ordinary citizens to “the final frontier,” and rising geopolitical tensions between the U.S. and the Middle East, Asia and even France have increasingly shifted investors' focus to the aerospace and defense sector.

3 Aerospace and Defense Companies to Explore as Space Race, Geopolitical Relations Intensify

L3Harris

Goldman Sachs analyst Noah Poponak updated his ratings for several Aerospace & Defense stocks. L3Harris Technologies Inc (NYSE:LHX) downgraded to Sell from Neutral with a $207 price target, implying a downside of 7.17%.

Goldman Sachs Upgrades Northrop Grumman, General Dynamics & Downgrades L3Harris, Lockheed Martin

Northrop Grumman Corp's (NOC) business unit, Northrop Grumman Systems Corp. wins a $15.8 million Triton's support contract.

Northrop's (NOC) Arm Clinches Deal to Support Triton UAS

FALLS CHURCH, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its third quarter 2021 financial results will be posted on its investor relations website on Oct. 28, 2021. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com.

Northrop Grumman Announces Webcast, Conference Call of Third Quarter 2021 Financial Results

Northrop's (NOC) business unit is going to provide Link 16 B kits and spare parts to support modification of UH-1Y and AH-1Z helicopters.

Northrop (NOC) Wins Deal to Supply Link 16 B Kit Spares

Defense stock Northrop Grumman Corporation (NYSE:NOC) has taken a nearly 7% haircut in the last three months, after scoring an annual high of $379.02 on June 2.

Play it Safe with Northrop Grumman Stock

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With the likely Fed tapering in December, consider these stocks to buy with low volatility and attractive dividend yields. The post 7 Stocks to Buy for the Likely Fed Tapering in December appeared first on InvestorPlace.

7 Stocks to Buy for the Likely Fed Tapering in December

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With a chaotic pullout from Afghanistan likely to spark serious consequences, these defense stocks are suddenly very relevant. The post 7 Defense Stocks to Watch as Terrorism Fears Soar appeared first on InvestorPlace.

7 Defense Stocks to Watch as Terrorism Fears Soar

San Francisco-based startup Orbit Fab wants to be the go-to source for orbital refueling, and now it's raised over $10 million in its quest to get there. The money will go toward funding a refueling trial that's due to launch as early as the end of 2022, in which the company plans to send to […]

Aerospace primes Northrop, Lockheed join in Orbit Fab's over $10M funding round

Northrop (NOC) is set to integrate the Mode 5 software for Japan and the Republic of Korea's Global Hawk Fleet.

Northrop's (NOC) Arm Wins Deal to Support Global Hawk Fleet

FALLS CHURCH, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today the expiration and final results of its previously announced (A) offers to exchange (the “Exchange Offers”) any and all outstanding notes of Northrop Grumman Systems Corporation (“NGSC”), as set forth in the table below (the “Existing Notes”), for (1) up to $1,171,189,000 aggregate principal amount of new notes issued by Northrop Grumman (the “New Notes”) and (2) cash, and (B) related consent solicitations being made by Northrop Grumman and NGSC (the “Consent Solicitations”) to (1) adopt certain amendments to each of the indentures governing the Existing Notes (the “Indenture Amendments”) and (2) except with respect to NGSC's 7.750% Debentures due 2031, amend and terminate each of the corresponding guarantees currently provided by Northrop Grumman of NGSC's obligations in respect of the applicable series of Existing Notes (the “Guarantee Amendments”). The Exchange Offers and Consent Solicitations expired as of 11:59 p.m., New York City time, on August 31, 2021 (the “Expiration Date”). As of the Expiration Date, the following principal amounts of each series of Existing Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):

Northrop Grumman Corporation Announces Expiration and Final Results of Exchange Offers and Consent Solicitations

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Northrop Grumman has negotiated a framework that adds $4 billion in prospective contracts for the Minuteman III. Contract values have been declining for some months, but year-to-date numbers continue to show an increase in contract value.

Northrop Grumman: Ballistic Missile Support Adds Potential

FALLS CHURCH, Va., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today the results of early participation in connection with its previously announced (A) offers to exchange (the “Exchange Offers”) any and all outstanding notes of Northrop Grumman Systems Corporation (“NGSC”), as set forth in the table below (the “Existing Notes”), for (1) up to $1,171,189,000 aggregate principal amount of new notes issued by Northrop Grumman (the “New Notes”) and (2) cash, and (B) related consent solicitations being made by Northrop Grumman and NGSC (the “Consent Solicitations”) to (1) adopt certain amendments to each of the indentures governing the Existing Notes (the “Indenture Amendments”) and (2) except with respect to NGSC's 7.750% Debentures due 2031, amend and terminate each of the corresponding guarantees currently provided by Northrop Grumman of NGSC's obligations in respect of the applicable series of Existing Notes (the “Guarantee Amendments”). Withdrawal rights for the Exchange Offers and Consent Solicitations expired as of 5:00 p.m., New York City time, on August 17, 2021.

Northrop Grumman Corporation Announces Results of Early Participation in Exchange Offers and Consent Solicitations

Northrop Grumman is a low-growth defense contractor with the ability to generate tremendous shareholder wealth. The company has a high free cash flow yield, a low debt load, and advanced products that will guarantee a strong future order flow.

Of Course, I'm Buying Northrop!

Shares of Northrop Grumman Corporation ( NOC , Financial) are higher by nearly 23% since the last time I looked in depth at the company. Back in February, the stock was trading well below its intrinsic value as calculated by GuruFocus.

Why Northrop Grumman Could Go Higher

FALLS CHURCH, Va., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has (i) extended the early tender date from August 13, 2021 (the “Original Early Tender Date”) to 5:00 p.m., New York City time, on August 20, 2021 (the “Extended Early Tender Date”) in connection with its previously announced (A) offers to exchange (the “Exchange Offers”) any and all outstanding notes of Northrop Grumman Systems Corporation (“NGSC”), as set forth in the table below (the “Existing Notes”), for (1) up to $1,171,189,000 aggregate principal amount of new notes issued by Northrop Grumman (the “New Notes”) and (2) cash, and (B) related consent solicitations being made by Northrop Grumman and NGSC (the “Consent Solicitations”) to (1) adopt certain amendments to each of the indentures governing the Existing Notes (the “Indenture Amendments”) and (2) except with respect to NGSC's 7.750% Debentures due 2031, amend and terminate each of the corresponding guarantees currently provided by Northrop Grumman of NGSC's obligations in respect of the applicable series of Existing Notes (the “Guarantee Amendments”, together with the Indenture Amendments, the “Proposed Amendments”) and (ii) increased the cash portion of the consideration offered in the Exchange Offers and waived certain conditions, each as described below. In addition, Northrop Grumman announced that it has extended the withdrawal deadline for each Exchange Offer and Consent Solicitation from August 13, 2021 to 5:00 p.m., New York City time, on August 17, 2021.

Northrop Grumman Corporation Announces Results of Early Participation in Exchange Offers and Consent Solicitations and Amendments to Exchange Offers and Waiver of Conditions

FALLS CHURCH, Va., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced it has elected Graham Robinson to its board of directors. Robinson is the senior vice president and president of STANLEY Industrial, a business segment of Stanley Black & Decker, a position he has held since April 2020.

Graham Robinson Joins Northrop Grumman Board of Directors

PLEASANT GROVE, Utah--(BUSINESS WIRE)--Spirent Federal Systems, the nation's leading provider of PNT/GNSS test equipment, announces plans to fully validate the inertial interface between Spirent GNSS simulators and both Northrop Grumman legacy and modernized inertial systems under the EGI‐M program. For years, Spirent Federal has developed inertial interface test tools in collaboration with Northrop Grumman that yield repeatable, accurate results. Northrop Grumman's Embedded Global Positioning

Spirent Federal Systems Teams with Northrop Grumman

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I present 30 High Growth Dividend Stocks for consideration in August 2021. There are 4 new stocks on this month's watchlist, 3 with dividend yields above 2%.

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News for Northrop Grumman Stock (NOC)