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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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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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HUNTSVILLE, Ala., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) delivered the first production Integrated Battle Command System (IBCS) major end item, an Integrated Collaborative Environment (ICE), to the U.S. Army on December 19, 2023.

Northrop Grumman Completes First Production Delivery for the US Army's Integrated Battle Command System

MCLEAN, Va.--(BUSINESS WIRE)--DEFCON AI, an insights company that is building a next-generation modeling, simulation, and analysis (MS&A) toolset for modern military environments, today announced that Brig. Gen. (Retired) Scott Stapp has joined the company as its Chief Technology Officer and Chief Revenue Officer. DEFCON AI, the creator of the defense mobility tool Artiv™, is a portfolio company of Red Cell Partners, an incubation firm that builds and invests in technology-led companies tha.

Scott Stapp, Former Northrop Grumman Chief Technology Officer, Joins DEFCON AI

Northrop Grumman NGI team completes review one year earlier than original contract date Northrop Grumman NGI team completes review one year earlier than original contract date

Northrop Grumman Passes Preliminary Design Review for Next Generation Interceptor Solution

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Northrop Grumman's 20th Cargo Resupply Mission Successfully Launches to the International Space Station for NASA

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With the rising tensions around the world, it is no surprise that stocks in the war and defense sector are recording massive price gains, but what is interesting is the connection between these companies and some of America's most prominent politicians, including United States Senator Lindsey Graham.

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Northrop Grumman has entered into a $1 billion accelerated share buyback agreement with Morgan Stanley & Co.

Northrop Grumman enters $1 billion accelerated buyback deal with Morgan Stanley

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.5 billion underwritten public offering of senior unsecured notes. The notes include:

Northrop Grumman Prices $2.5 Billion Debt Offering

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of Northrop Grumman's common stock. The company continues to target returning well over 100% of its free cash flow to shareholders through dividends and share repurchases in 2024.

Northrop Grumman Announces $1 Billion Accelerated Share Repurchase Agreement

After three U.S. servicemen were killed in a drone strike, and more than 30 others were injured in Jordan, President Biden vowed to retaliate in a move that could put additional strain on already tense relations between the U.S. and Iran, albeit without direct evidence linking Iran to the incident presented at this juncture.

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Northrop Grumman shares were downgraded to Hold from Buy Thursday by RBC analyst Ken Herbert. His price target went to $450 a share from $515.

Northrop Grumman Catches A Downgrade. It's the B-21 Stealth Bomber and Inflation.

When Lockheed Martin and Northrop Grumman reported 2023 results this week, both companies' space businesses were top in sales growth by a long shot.

Investing in Space: Sector led Lockheed and Northrop growth last year

Northrop Grumman Corp.'s stock fell by 6% Thursday after the defense contractor posted a fourth-quarter loss on costs associated with the production launch of its B-21 stealth bomber.

Northrop Grumman stock tumbles as stealth-bomber program gets off to slow start

Northrop Grumman Corporation. (NOC) Q4 2023 Earnings Call Transcript

Northrop Grumman posted an unexpected quarterly loss due to charges stemming from one of its most important programs. The B-21 is over budget, and that will impact results for years to come.

Why Northrop Grumman Stock Is Getting Bludgeoned Today

Northrop Grumman's (NOC) Q4 earnings and sales surpass estimates. The company holds a solid order backlog and issues strong 2024 sales guidance.

Northrop's (NOC) Q4 Earnings Beat Estimates, Sales Up Y/Y

The headline numbers for Northrop Grumman (NOC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Northrop Grumman (NOC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Northrop Grumman (NOC) came out with quarterly earnings of $6.27 per share, beating the Zacks Consensus Estimate of $5.75 per share. This compares to earnings of $7.50 per share a year ago.

Northrop Grumman (NOC) Surpasses Q4 Earnings and Revenue Estimates

Northrop Grumman on Thursday said it swung to a loss in the fourth quarter from a year-earlier profit as it took a $1.17 billion charge related to the U.S. Air Force's next-generation B-21 stealth bomber.

Northrop swings to loss on B-21 headwinds

FALLS CHURCH, Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its fourth quarter and full-year 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 Fourth Quarter and Full-Year 2023 Financial Results

Northrop Grumman (NOC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Northrop Grumman (NOC) Ahead of Earnings?

Northrop Grumman's (NOC) fourth-quarter earnings are likely to have benefited from solid sales volume across most of its segments. However, higher interest expenses may have offset some positives.

Will Segmental Performance Aid Northrop's (NOC) Q4 Earnings?

Besides Wall Street's top -and-bottom-line estimates for Northrop Grumman (NOC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Wall Street's Insights Into Key Metrics Ahead of Northrop Grumman (NOC) Q4 Earnings

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News for Northrop Grumman Stock (NOC)