Highest-materiality recent filing
Northrop Grumman Q2 sales $10.9B (+5% YoY), EPS $7.68; raises FY guidance
Net awards $20B; backlog record $105B.
Northrop Grumman shareholders elect all 11 directors, approve say-on-pay, ratify auditor
All 11 management director nominees elected with strong support; no individual received less than 103M votes for.
Northrop Grumman Q1 EPS $6.14 (+85% YoY); sales $9.9B (+4%); backlog $96B; reaffirms FY outlook
EPS $6.14, net earnings $875M (+82%); sales $9.9B (+4% YoY, +5% organic).
Northrop Grumman elects Admiral Christopher Grady to board, names Turley lead independent director
Admiral Grady, former Vice Chairman of Joint Chiefs, elected to board effective Feb 12, 2026; board expands to 13 members.
Q4 2025 sales $11.7B (+10% YoY); full-year sales $42.0B (+2% YoY); diluted EPS $29.08, MTM-adjusted $26.34.
Northrop Grumman names John Greene as CFO; Crews to depart Feb 2026
John Greene elected CFO effective Jan 7, 2026; base salary $955,000 and $2M sign-on RSU grant.
Northrop Grumman Q3 2025 EPS $7.67 (+10%), sales $10.4B (+4%), raises FY guidance $25.65-$26.05
Net earnings $1.1B; diluted EPS $7.67, up 10% YoY from $7.00.
Northrop Grumman enters $3B five-year revolving credit facility, replacing $2.5B facility
New $3 billion unsecured revolving credit facility matures in 5 years, replaces $2.5B facility from 2022.
Northrop Grumman Q2 EPS $8.15 beats; raises FY guidance on segment income, EPS, FCF
Q2 sales $10.35B (+1% YoY); diluted EPS $8.15 vs $6.36, incl. $1.04 gain from training services divestiture.
Northrop Grumman issues $1B in senior notes: $500M at 4.65% due 2030, $500M at 5.25% due 2035
Issued $500M of 4.650% senior notes due July 15, 2030 and $500M of 5.250% senior notes due July 15, 2035.
Northrop Grumman prices $1.0B senior notes offering in two tranches (2030, 2035)
$500M of 4.650% notes due 2030 and $500M of 5.250% notes due 2035 priced.
All 12 director nominees elected with strong majority (e.g., Warden 111M for vs 3.5M against).
Northrop Grumman Q1 EPS $3.32, includes $2.74 B-21 charge; sales down 7% to $9.5B
Diluted EPS $3.32 vs $6.32 YoY; net earnings $481M, down 49% from $944M.
ICP 2025 goals: cash flow from ops before discretionary pension (35%), segment operating income growth (35%), adjusted operating margin rate (20%), non-financial metrics (10%).
NOC FY2024 sales $41.0B (+4.4%), EPS $28.34; FCF $2.6B (+25%); backlog record $91.5B
FY2024 sales $41.0B (+4.4%); diluted EPS $28.34; MTM-adjusted EPS $26.08.
Northrop Grumman Q3 EPS $7.00 beats; raises 2024 guidance; record backlog $84.8B
Diluted EPS $7.00, up 13% YoY; net earnings $1.03B vs $937M.
Northrop Grumman discloses CFO Kenneth Crews' compensation: $850k salary, 100% bonus target
Kenneth Crews, elected CFO effective Oct 1, 2024, receives annual base salary of $850,000.
Northrop Grumman Q2 2024 EPS $6.36 (+19% YoY); raises full-year guidance
Sales $10.2B (+7% YoY); net earnings $940M; diluted EPS $6.36 vs $5.34.
Northrop Grumman CFO Keffer to retire; Crews elected successor; Mission Systems president retires
CFO David Keffer will retire Feb 21, 2025; Kenneth Crews elected CFO effective Oct 1, 2024, transition starts July 1.
Northrop Grumman shareholders approve 2024 equity plan and officer exculpation amendment
Shareholders elected 13 directors; all management nominees received over 88% of votes cast.
Northrop Grumman Q1 sales up 9% to $10.1B, EPS rises 15% to $6.32
Sales $10.1B (+9% YoY); operating income $1,071M (+13%); net earnings $944M.
Northrop Grumman approves 2024 executive incentive metrics and long-term equity awards
ICP 2024 metrics: cash flow from operations (35%), segment operating income growth (35%), adjusted operating margin (20%), non-financial (10%).
Northrop Grumman issues $2.5B in three-tranche senior notes
Issued $500M 4.600% notes due 2029, $850M 4.900% notes due 2034, $1.15B 5.200% notes due 2054.
Northrop Grumman prices $2.5B senior notes offering in three tranches
$500M of 4.600% notes due 2029, $850M of 4.900% notes due 2034, $1.15B of 5.200% notes due 2054.
Northrop Grumman Q4 net loss $535M on $1.56B B-21 charge; FY23 sales up 7% to $39.3B
Q4 net loss of $535M ($3.54 loss per diluted share) vs net income $2.08B ($13.46 EPS) in Q4 2022.
Northrop Grumman Q3 sales +9% to $9.8B; raises 2023 sales guidance to ~$39B
Diluted EPS $6.18 vs $5.89 YoY; net earnings $937M (+2%).
Northrop Grumman elects Robert Fleming as Space Systems president effective Oct 9, 2023
Robert Fleming elected Corporate Vice President and President, Space Systems, effective October 9, 2023.
Northrop Grumman Q2 sales up 9% to $9.6B; raises 2023 sales guidance by $400M
Diluted EPS $5.34 vs $6.06; net earnings $812M, down 14%; $244M lower non-operating pension benefit.
Northrop Grumman elects Kathryn Simpson as General Counsel; Cheston to retire
Kathryn Simpson elected Corporate Vice President and General Counsel effective Oct. 30, 2023.
Northrop Grumman shareholders approve lowering special meeting threshold to 15%
Shareholders voted 119,424,417 for vs. 1,645,476 against to reduce the special meeting ownership threshold from 25% to 15%.
Northrop Grumman Q1 sales up 6% to $9.3B, EPS $5.50; raises EPS guidance by $0.40 on expected gain
Sales of $9.3B, +6% YoY; diluted EPS $5.50 (vs $6.10); operating income $947M, +6%.
Northrop Grumman adds Kimberly Ross and Mary Winston to board of directors
Board expanded from 14 to 15 members; Ross and Winston elected effective March 15, 2023.
Director Karl J. Krapek won't seek re-election; board approves 2023 exec comp metrics
Karl J. Krapek notified board on Feb 15, 2023, of decision not to seek re-election at annual meeting; effective that day.
Northrop Grumman issues $2B in senior notes: 4.70% due 2033, 4.95% due 2053
$1B of 4.700% senior notes due 2033 and $1B of 4.950% senior notes due 2053 issued.
Northrop Grumman prices $2.0B senior notes offering in two tranches
$1.0B of 4.700% senior notes due 2033 and $1.0B of 4.950% senior notes due 2053.
Northrop Grumman Q4 sales up 16% to $10B; adj. EPS $7.50 (+25%); guides FY23 sales $38.0-38.4B
Q4 transaction-adjusted EPS $7.50 (+25% YoY); FY22 adj. EPS $25.54 vs $25.63 prior yr.
Northrop Grumman elects IBM CEO Arvind Krishna to Board of Directors
Board elected Arvind Krishna effective Nov 16, 2022; increased board size from 13 to 14.
Northrop Grumman Q3 EPS $5.89, sales up 3%; FY22 guidance near low end
Diluted EPS $5.89 (down 11% YoY), includes $0.18 hit from marketable securities; net earnings $915M.
Northrop Grumman elects Roshan Roeder as President of Defense Systems; Petryszyn to retire
Mary Petryszyn to retire as Corporate VP and President, Defense Systems, effective Jan 13, 2023.
Northrop Grumman enters $2.5B revolving credit facility, replacing prior $2B facility
New 5-year $2.5B senior unsecured revolving credit facility effective Aug 23, 2022.
Northrop Grumman Q2 sales down 4% to $8.8B; EPS $6.06; awards $13.0B
Sales $8.8B (-4% YoY); diluted EPS $6.06 vs $6.42; net earnings $946M vs $1.04B.
All 13 director nominees elected with majority support.
Northrop Grumman Q1 sales $8.8B, EPS $6.10, organic sales down 2%
Sales of $8.8B, down 4% YoY; organic sales declined 2% primarily due to Aeronautics and Defense Systems.
ICP metrics weighted: cash flow from ops before discretionary pension funding 35%, segment operating income growth 35%, adjusted operating margin rate 20%, non-financial 10%.
Northrop Grumman Q4 EPS $17.14 ($6.00 adjusted); FY21 sales $35.7B, adj. EPS $25.63 (+8% YoY)
Q4 sales $8.6B; FY21 sales $35.7B, organic sales +3% YoY.
Northrop Grumman elects Matthew Bromberg as Corporate VP, Global Operations effective Feb 16, 2022
Matthew Bromberg named Corporate Vice President, Global Operations, reporting to CEO Kathy Warden.
Northrop Grumman Space Systems President Blake Larson to retire; Tom Wilson named successor
Blake Larson, Corporate VP and President, Space Systems, to retire Feb 4, 2022 after 40-year career; will remain Corporate VP until then.
Northrop Grumman launches $500M ASR; targets >$3.5B total buybacks in 2021
Initial delivery of ~1.2M shares (~85% of ASR) expected Nov. 3, based on $354.85 close.
Northrop Grumman Q3 EPS $6.63 (+13% YoY); raises FY 2021 EPS guidance by $0.80 to $25.20-$25.60
Q3 sales $8.72B (-4% YoY); organic sales +3% to $8.7B, driven by 22% growth at Space Systems.
Northrop Grumman completes $421M debt exchange, swaps sub notes for parent notes
Exchanged $421M aggregate principal of six NGSC debenture series for new Northrop Grumman senior notes and $2.1M cash.
On February 17, 2025, Graham Robinson notified the Board of his decision not to seek re-election at the 2025 Annual Meeting of Shareholders.
Roshan Roeder, currently Corporate Vice President and President, Defense Systems, has been elected to the role of Corporate Vice President and President, Mission Systems Sector effective July 1, 2024.
Benjamin Davies has been elected Corporate Vice President and President, Defense Systems Sector effective July 1, 2024.
David Keffer, Corporate Vice President and Chief Financial Officer, will be retiring from the Company. Mr. Keffer will step down from his position on October 1, 2024, but will remain an employee of the Company until his retirement from the Company on February 21, 2025 to help facilitate an orderly transition.
Mark Caylor, Corporate Vice President and President, Mission Systems Sector will retire on July 26, 2024 after more than 20 years with the Company.
The Company announced that Kenneth Crews was elected Corporate Vice President and Chief Financial Officer effective October 1, 2024.
On March 15, 2023, the Board of Directors of Northrop Grumman Corporation (the "Company") elected Kimberly A. Ross and Mary A. Winston to the Board of Directors effective March 15, 2023.
On March 15, 2023, the Board of Directors of Northrop Grumman Corporation (the "Company") elected Kimberly A. Ross and Mary A. Winston to the Board of Directors effective March 15, 2023.
On February 15, 2023, Karl J. Krapek notified the Board of Directors of the Company of his decision not to seek re-election at the 2023 Annual Meeting of Shareholders.
On November 16, 2022, the Board of Directors of Northrop Grumman Corporation (the “Company”) elected Arvind Krishna to the Board of Directors effective November 16, 2022.
Mary Petryszyn, Corporate Vice President and President, Defense Systems sector, will retire from the Company effective January 13, 2023.
the Board of Directors elected Roshan S. Roeder, currently Vice President and General Manager, Airborne Multifunction Sensors Division in the Mission Systems sector, to serve as the Corporate Vice President and President, Defense Systems sector effective October 17, 2022.
Max materiality 0.85 · Median 0.55 · Most common event earnings