Revenue segments as reported by the company.

Product

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative expenses

Gain on sale of business

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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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

Market Cap

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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apple

Atmos Energy

Cisco Systems

Chevron

Dropbox

Disney

Gilead Sciences

PepsiCo

Philip Morris

Pinnacle West Capital

Ross Stores

Taiwan Semiconductor Manufacturing

This is a quarterly review of DivGro, my portfolio of dividend growth stocks. I write these reviews to summarize investment decisions and to share portfolio statistics. The article includes charts showing DivGro's composition and how positions contribute to projected annual dividend income.

Quarterly Review Of DivGro: Q1-2021

Raytheon Technologies

Spirit AeroSystems Hlds

TransDigm

CACI

One sector that has lagged over the past year has been aerospace and defense. While the COVID-19 pandemic and the ongoing 737-Max issues weighed heavily on the aerospace side of the sector, the defense side basically was ignored as fund managers started to rotate to cyclical stocks and value plays.

Aerospace and Defense May Be the Best Offense for Q2: 5 Top Stocks to Buy Now

Lockheed Martin

The new Lockheed Martin (LMT) missile interceptor deal from the Pentagon could be valued at as much as $3.7 billion while the Northrop Grumman (NOC) contract could be valued at up to $3.9 billion.

Lockheed (LMT) and Northrop Win $7.6B Missile Contracts

FALLS CHURCH, Va., March 25, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its first quarter 2021 financial results will be posted on its investor relations website on April 29, 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 First Quarter 2021 Financial Results

The companies are getting funds to design next-generation missile defense systems.

Lockheed and Northrop Beat Out Boeing to Land Multibillion Dollar Pentagon Contract

Northrop-Grumman's﻿ Defense Systems Division could get a lift in visibility, if not more, from an Army Development Command Armament Center (DEVCOM) evaluation of its Sky Viper 20mm chain gun as an alternative weapon for the service's Future Attack Reconnaissance Aircraft (FARA) helicopter.

Northrop-Grumman's Sky Viper Chain Gun May Get A Shot At The Army's FARA Helicopter

The U.S. Department of Defense's Missile Defense Agency (MDA) has awarded $1.6 billion in contracts to Lockheed Martin Corporation (NYSE: LMT) and Northup Grumman Corporation (NYSE: NOC) for technology development and risk reduction on the Next Generation Interceptor (NGI) program. What Happened: The NGI program is designed to be the first line of defense against intercontinental ballistic missile attacks from hostile nations.

Lockheed And Northrop Grumman Receive Contracts For Missile Defense Program

FALLS CHURCH, Va., March 23, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has been awarded a contract by the Missile Defense Agency (MDA) for the Next Generation Interceptor (NGI) program. The contract is for the rapid development and flight test of an interceptor designed to defend the nation against the most complex long-range threats. Northrop Grumman has strategically teamed with Raytheon Missiles & Defense, a business of Raytheon Technologies (NYSE: RTX), to bring together the vast experience of the two companies on one team, to deliver an effective solution for MDA on an accelerated schedule.

Northrop Grumman-Led Team Selected by the Missile Defense Agency for Next Generation Interceptor Program

Northrop Grumman received $630 million in contracts in February 2021. Funds obligated decreased, but that is not something to worry about.

Northrop Grumman Contracts Surged 50% In February

My monthly review of DivGro provides a summary of transactions and explains how those transactions affect projected annual dividend income. DivGro is my portfolio of dividend growth stocks.

Monthly Review Of DivGro: February 2021

Northrop Grumman's (NOC) Northrop Grumman Systems unit is set to offer sustainment, engineering, logistics, test, mission control and operator training systems support for MQ-4C Triton UAS.

Northrop Grumman (NOC) Unit Wins $82M Deal to Aid Triton UAS

Centene

HCA Healthcare

Honda

T. Rowe Price Group

According to the GuruFocus All-in-One Screener, a Premium feature, as of March 17, the following guru-held companies have positive future earnings estimates from Morningstar analysts.

5 Guru Stocks Growing Earnings

Palantir Technologies

Defense stocks remain an excellent investment despite U.S. Democrats securing unified control of the White House and Congress. The post 3 Defense Stocks That Are Always Ready No Matter Who Is in the White House appeared first on InvestorPlace.

3 Defense Stocks That Are Always Ready No Matter Who Is in the White House

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

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?

Leidos Hld

L3Harris

4 Aerospace-Defense Stocks to Watch as Low Air Traffic Concerns Loom

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.

News for Northrop Grumman Stock (NOC)