Company Overview

Northrop Grumman is a leading global aerospace and defense technology company. Its pioneering solutions equip customers with the capabilities needed to connect, protect the world, and push the boundaries of human exploration across the universe. The company is headquartered in West Falls Church, Virginia, and is the 5th largest of the top 100 contractors of the U.S. federal government, receiving over 2% of total federal government spending on contractors.

With 101,000 employees, Northrop Grumman stock was originally listed at a price of $57.50 on December 31, 1997. The shares are a component of the S&P 500 index.

Market Capitalization and Stock Performance

Northrop Grumman has a market cap or net worth of $83.16 billion as of September 8, 2025. Its market cap has increased by 11.93% in one year. The stock's 52-week high was $600.99, and its 52-week low was $426.24. As of the provided data, it is trading approximately -4.16% from its 52-week high and 35.13% from its 52-week low.

Business Segments

Northrop Grumman operates through four primary segments:

Aeronautics Systems

This segment designs, develops, manufactures, integrates, sustains, and modernizes aircraft systems. It offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, and surveillance and reconnaissance systems; strategic long-range strike aircraft; tactical fighter and air dominance aircraft; and airborne battle management and command and control systems. The company's aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, creates the fuselage for the F-35 program, and maintains and upgrades numerous other military aircraft.

Defense Systems

The Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions. It also provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. Defense systems manufactures artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems.

Mission Systems

This segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance (C4ISR) systems. It also offers radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems.

Space Systems

The Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicle systems.

Financial Performance

Full Year 2024 Results

In 2024, Northrop Grumman's revenue was $41.03 billion, an increase of 4.44% compared to the previous year's $39.29 billion. Earnings increased by 103.02% to $4.17 billion.

The defense contractor's adjusted earnings per share for Q4 2024 were $6.39, surpassing the analyst consensus of $6.34. However, revenue for the quarter was $10.69 billion, missing the $10.96 billion estimate. For the full year 2024, Northrop Grumman reported sales of $41.0 billion, a 4.4% increase year-over-year (YoY), and net earnings of $4.2 billion.

Recent Quarterly Results

Northrop Grumman Corporation (NYSE: NOC) released its third quarter 2024 financial results on October 24, 2024. The company also released its fourth quarter and full-year 2024 financial results on January 30, 2025.

Key Programs and Strategic Initiatives

Northrop Grumman is involved in significant programs such as the Sentinel and B-21 bomber programs, which are expected to drive substantial top-line growth over the next few decades. Its Aeronautics Systems division is developing the B-21 Raider strategic bomber, the B-2 Spirit strategic bomber, and producing fuselages for the Lockheed Martin F-35 Lightning II Joint Strike Fighter and F/A-18 Super Hornet. The company also contributes to airborne early warning and control systems (E-2 Hawkeye), unmanned aerial vehicles (MQ-4C Triton, RQ-4 Global Hawk), and the NATO Alliance Ground Surveillance Force. The defense systems division is responsible for modernizing the intercontinental ballistic missile system, including the LGM-35 Sentinel, and developing the Integrated Air and Missile Defense Battle Command System and precision guidance kits.

Dividend Information

The board of directors declared a quarterly dividend of $2.31 per share on Northrop Grumman common stock as of August 20, 2025. The company has a strong track record of maintaining dividend payments for 54 consecutive years, positioning it as a prominent player in the Aerospace & Defense industry with consistent shareholder returns.

Analyst Coverage and Market Position

According to analysis from 14 analysts, the average rating for NOC stock is "Buy." The 12-month stock price target is set at an average of $588.85, representing a potential increase of 2.25% from the latest price. Analyst price targets range from $435 to $604, with a consensus recommendation of 2.2. The stock currently trades near its InvestingPro Fair Value.

Northrop Grumman has a strong focus on producing hardware for classified programs and benefits from exposure to significant military development programs early in their lifecycle. However, the company's sales are dependent on U.S. military funding, which is inherently political and subject to uncertainty.

The company continues to play a crucial role in national security and space exploration, positioning itself as a critical defense contractor amidst ongoing geopolitical tensions and prioritized defense spending.