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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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Earnings data Q4 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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Northrop Grumman has recently won a few large government contracts, including two deals with the US Navy valued in the hundred-millions. Price had been trending steadily and consistently upward for almost a decade before plateauing for the last three years.

Northrop Grumman's Upward Ascent Has Plateaued

Boeing

General Dynamics

Lockheed Martin

Raytheon Technologies

The largest U.S. defense contractors had a poor 2020. Two of the five largest defense contractors posted share price declines of 52% and 34% in 2020, according to an industry update published earlier this week by analysts at Canaccord Genuity.

Why This Analyst Sees 5 Top Defense Stocks Rebounding in 2021

Let's see if Northrop Grumman Corporation (NOC) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is Northrop Grumman (NOC) a Suitable Stock for Value Investors?

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Northrop Grumman (NOC) reported earnings 30 days ago. What's next for the stock?

Northrop Grumman (NOC) Down 0.5% Since Last Earnings Report: Can It Rebound?

Northrop Grumman gets an order for hypersonic tracking defense as the threat from China and Russia increases. Company won a potential multi-billion connectivity contract.

Northrop Grumman Wins As Chinese And Russian Hypersonic Threats Increase

During 2020 Northrop Grumman displayed incredibly resilient cash flows, growing revenues, and an all-time high backlog. Yet shares have slipped over the past few months.

Northrop Grumman's Dip Open Up 15%+ Annualized Return Potential

The government turned off the money spigot, and now OmegA will never see the light of day.

U.S. Space Force Dumps Northrop and Blue Origin in Favor of Boeing, Lockheed, and SpaceX

The Pentagon's research arm is handing out "LongShot" contracts.

These 3 Defense Giants Will Battle to Produce the Next Generation of Unmanned War Machines

FALLS CHURCH, Va., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Citi's 2021 Global Industrials Virtual Conference on Thursday, Feb. 18. Kathy Warden, chairman, chief executive officer and president, and Dave Keffer, corporate vice president and chief financial officer, will present beginning at 8:00 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com.

Northrop Grumman to Participate in Citi's 2021 Global Industrials Virtual Conference

I last wrote on Northrop Grumman late last year naming the company a good "BUY" for the valuation and opportunity it offers investors at the price point. The needle hasn't shifted all that much. A combination of political fears and other headwinds and concerns keeps this company valued low, keeping it interesting.

Northrop Grumman: A Defense Major Still On Sale

Recently, I discussed how Northrop Grumman Corp. (NYSE:NOC) offered investors tremendous value due to a weak stock performance over the last year. Shares are down 17% over the last 12 months compared to an over 16% gain for the S&P 500 index.

Northrop Grumman Continues to Impress

Textron

According to the GuruFocus All-In-One Screener, a Premium feature, the following defensive companies were trading with low price-sales ratios as of Feb. 3.

5 Defensive Companies Trading With Low Price-Sales Ratios

Northrop Grumman (NOC) will receive initial deliveries of approximately 5.9 million shares on Feb 2, representing 85% of the expected share repurchases, per the ASR agreement.

Northrop Announces $2B Accelerated Share Repurchase Agreement

FALLS CHURCH, Va., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Cowen's 42nd Annual Aerospace/Defense & Industrials Conference Tuesday, Feb. 9. Dave Keffer, corporate vice president and chief financial officer, will present beginning at 8:30 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com.

Northrop Grumman to Participate in Cowen's 42nd Annual Aerospace/Defense & Industrials Conference

FALLS CHURCH, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) today announced that it will redeem for cash all of its outstanding 2.55% Senior Notes due October 2022 (“Notes”) on March 24, 2021. The Notes will be redeemed at a “make-whole” premium price, calculated in accordance with the Notes and the indenture and supplemental indenture governing the Notes (the “Make-Whole Redemption”). Northrop Grumman currently expects the Make-Whole Redemption to result in a pre-tax charge of approximately $55 million in the first quarter of 2021, which is not contemplated in its 2021 financial guidance of January 28, 2021. As of the date of this press release, $1.5 billion aggregate principal amount of the Notes were outstanding.

Northrop Grumman Announces $1.5 Billion Debt Redemption

NEW YORK--(BUSINESS WIRE)--Veritas Capital (“Veritas”), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has completed its previously announced acquisition of Northrop Grumman's (NYSE: NOC) IT and mission support services business for $3.4 billion in cash. The business will combine with Peraton, a portfolio company of Veritas Capital and trusted provider of highly differentiated intelligence, cyber, def

Veritas Capital Completes Acquisition of Northrop Grumman's IT and Mission Support Services Business

Northrop Grumman Corp. said Monday it has entered a $2 billion accelerated share buyback agreement with Goldman Sachs & Co. . The defense company said it will receive initial deliveries of about 5.9 million shares on Tuesday, equal to about 85% of the expected share buybacks, based on its closing price on Friday of $286.61.

Northrop Grumman unveils $2 billion accelerated share buyback deal with Goldman Sachs

FALLS CHURCH, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC to repurchase $2 billion of Northrop Grumman's common stock. Under the ASR agreement, Northrop Grumman will receive initial deliveries of approximately 5.9 million shares on Feb. 2, representing approximately 85 percent of the expected share repurchases under the ASR agreement, based on the company's closing price of $286.61 on Jan. 29, 2021. The final number of shares to be repurchased will be based on Northrop Grumman's volume-weighted average price during the term of the transaction, less a discount, and is expected to be completed in the second quarter of 2021. The ASR will be completed under the company's current share repurchase authorization, which currently has $5.8 billion in authorization remaining.

Northrop Grumman Announces $2 Billion Accelerated Share Repurchase Agreement

Northrop Grumman Corp (NOC) CEO Kathy Warden on Q4 2020 Results - Earnings Call Transcript

Northrop Grumman's (NOC) revenues in the fourth quarter grow 17% year over year, led by an increase in Aeronautics systems, Space Systems and Mission Systems sales.

Northrop Grumman (NOC) Q4 Earnings Beat, Revenues Rise Y/Y

Northrop Grumman (NOC) delivered earnings and revenue surprises of 15.61% and 10.58%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Northrop Grumman (NOC) Q4 Earnings and Revenues Surpass Estimates

Shares of Northrop Grumman (NYSE:NOC) fell 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 17.47% over the past year to $6.59, which beat the estimate of $5.77.

Northrop Grumman: Q4 Earnings Insights

Shares of Northrop Grumman Corp. were indicated down nearly 1% in premarket trading Thursday, after the aeronautics and defense company reported big fourth-quarter profit and sales beats but provided a downbeat outlook for 2021. The company swung to net income of $330 million, or $1.97 a share, from a loss of $409 million, or $2.43 a share, in the year-ago period.

Northrop Grumman reports big profit, sales beats but provides downbeat outlook

FALLS CHURCH, Va., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its fourth quarter and full-year 2020 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.

News for Northrop Grumman Stock (NOC)