secwatch.observer — SEC 8-K summary
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Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001133421-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrop Grumman Q4 net loss $535M on $1.56B B-21 charge; FY23 sales up 7% to $39.3B
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- Q4 net loss of $535M ($3.54 loss per diluted share) vs net income $2.08B ($13.46 EPS) in Q4 2022.
- Records $1.56B pre-tax charge on B-21 program LRIP phase; full-year diluted EPS of $13.53 includes B-21 charge of $7.68.
- Full-year sales $39.3B (+7% YoY); total backlog rises to record $84.2B with book-to-bill of 1.14.
- Segment operating income down 35% to $2.76B; Aeronautics Systems swings to operating loss of $473M.
- 2024 guidance: expects continued sales & earnings growth; reaffirms free cash flow outlook with >15% CAGR through 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000113342124000004/0001133421-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000113342124000004/noc-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001133421-24-000004

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