NOC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $478.00
Market Cap (MRQ) $67.91B
P/E (TTM) 15.2
EPS (TTM) $31.43
Revenue (TTM) $42.89B
Div Yield 1.9%
ROE (TTM) 27.0%
Debt/Equity (MRQ) 0.8
52W Range $470–$774

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04
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Stock splits 3
Ex-date Split Type
March 31, 2011 943-for-852 Forward
June 22, 2004 2-for-1 Forward
Sept. 11, 1984 3-for-1 Forward

About Northrop Grumman Corporation Common Stock Company overview from Wikipedia

05 · wikidata

Northrop Grumman Corporation is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. Headquartered in West Falls Church, Virginia, the company is the fifth-largest contractor of the U.S. federal government; it receives over 2% of all federal government spending at contractors.

The company was formed in 1994 through the merger of Northrop Corporation and Grumman Aerospace. It is ranked 110th on the Fortune 500 list of America's largest corporations. In 2024, 87% of the company's revenues came from the US federal government, while 12% was from international sources. Northrop Grumman and its industry partners have won the Collier Trophy nine times, including for the development and production of the James Webb Space Telescope, launched in 2021.

Products

The company's Aeronautics Systems division (29% of 2024 revenues) develops the B-21 Raider strategic bomber that can drop conventional and thermonuclear weapons (forecasted to be ready for combat in 2029), the B-2 Spirit strategic bomber (which will be replaced by the B-21), fuselage and radar production for the Lockheed Martin F-35 Lightning II Joint Strike Fighter and F/A-18 Super Hornet, Grumman E-2 Hawkeye airborne early warning and control, MQ-4C Triton unmanned aerial vehicle, and the NATO Alliance Ground Surveillance Force.

The company's defense systems division (19% of 2024 revenues) designs the modernization of the intercontinental ballistic missile system including the LGM-35 Sentinel, the Integrated Air and Missile Defense Battle Command System, Vinnell training, and the M1156 precision guidance kit.

The company's mission systems division (25% of 2024 revenues) creates military radar, sensors, and related products, including C4I radar systems for air defense, Airspace Management radar systems such as AWACS, Multi-Platform Radar Technology Insertion Program, night vision goggles, Airport Movement Area Safety System, and battlefield surveillance systems like the Airborne Reconnaissance Low (ARL). Tactical aircraft sensors include the AN/APG-68 radar, the AN/APG-80 active electronically scanned array radar, and the AN/APG-83 AESA radar for the F-16 Fighting Falcon, the AN/APG-77 AESA radar for the F-22 Raptor, the AN/APG-81 AESA radar for the F-35 Lightning II, and the AN/AAQ-37 electro-optical Distributed Aperture System (DAS) for the F-35, and the APQ-164 Passive Electronically Scanned Array (PESA) radar for the B-1 Lancer.

The company's space systems division (27% of 2024 revenues) develops Satcom communications satellites, Next-Generation Overhead Persistent Infrared satellites, the Cygnus uncrewed spacecraft, motors for the NASA Space Launch System, logistics support for the Lunar Gateway, Graphite-Epoxy Motor solid rocket boosters, and satellites for the Norwegian Space Agency.

Northrop Grumman Computing Systems, Inc., provides computing services to businesses.

History

Leroy R. Grumman established the Grumman Aircraft Engineering Corporation in December 1929 on Long Island, New York. By 1939, the company had expanded and relocated to Bethpage, New York. Among Grumman's well known naval aviation products was the F-14 Tomcat. During World War II the company built most US Navy aircraft, including the TBF Avenger, F4F Wildcat, and F6F Hellcat. After the war it branched out into making the first aluminum canoes using left-over materials no longer needed for aircraft. Later the firm created a myriad of products such as ballistic missiles, all-weather radars, the Apollo Lunar Module, land and sea-based fighter aircraft and Stealth bombers.

Founded in California in 1939 by Jack Northrop, the Northrop Corporation was reincorporated in Delaware in 1985. Northrop made a series of lightweight fighter aircraft such as the F-5, YF-17, and F-20. Northrop was best known for its experimental flying wing aircraft, the XB-35 and YB-49 of the late 1940s and early 1950s. These flying wing aircraft, while unsuccessful, paved the way for the B-2 Spirit Stealth Bomber, on which Northrop was the prime contractor. During World War II, Northrop made the P-61 Black Widow, the first aircraft designed as a night fighter. After the end of the Cold War, Northrop made a series of acquisitions, buying Grumman Aerospace, Westinghouse and TRW Inc. in addition to a number of other enterprises.

In 2018, Northrop Grumman completed the purchase of Orbital ATK, which was renamed to Northrop Grumman Innovation Systems. Innovation Systems was integrated into other parts of the business in a reorganization the following year.

1990s

In 1994, Northrop Aircraft bought Grumman Aerospace, which built the Apollo Lunar Module, to create Northrop Grumman (NG) at a cost of $2.1 billion. After 1994, Northrop Grumman made several major acquisitions, including Vought, Logicon, Xetron Corporation, the defense electronics business of Westinghouse Electronic Systems, and Ryan Aeronautical.

Northrop has competed in the Advanced Tactical Fighter program, submitting the YF-23 to compete against the F-22 Raptor in 1991.

Northrop partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team.

In 1998, a merger between Northrop Grumman and competitor Lockheed Martin was considered but abandoned after resistance from the Department of Defense and Department of Justice. That same year, it acquired Inter-National Research Institute Inc. In 1999, the company acquired Teledyne Ryan, developer of surveillance systems and unmanned aircraft, California Microwave, Inc., and the Data Procurement Corporation. In 1999, Northrop Grumman and SAIC created AMSEC LLC as a joint venture, which grew "from $100 million in revenue in 2000 to approximately $500 million in fiscal year 2007".

2000s

In 2000, NG acquired Federal Data Corporation, Navia Aviation As, Comptek Research, Inc., and Sterling Software, Inc.

In 2001, the company acquired Litton Industries, a shipbuilder and defense electronics systems provider for the U.S. Navy. During the acquisition process, a new Delaware holding company, NNG, Inc., was formed, which merged with Northrop Grumman through a one-for-one common shares exchange in April 2001. Both Northrop Grumman and Litton became subsidiaries of the new holding company. The original Northrop Grumman Corporation then changed its name to "Northrop Grumman Systems Corporation"; the holding company, NNG, Inc., changed its name to "Northrop Grumman Corporation". Later that year, Northrop Grumman acquired Newport News Shipbuilding.

In 2002, Northrop Grumman acquired TRW Inc. Northrop incorporated TRW's space and laser capabilities and system manufacturing infrastructure into its newly created Space Technology sector based in Redondo Beach, California (Space Park), and the Mission Systems sector based in Reston, Virginia.

In July 2003, the company received a $48 million contract to train the Iraqi Army.

In August 2005, the United Kingdom paid $1.2 billion in a contract with the company to provide maintenance of its AWACS radar.

In November 2005, the company won a $2 billion contract with Virginia to overhaul most of the state's IT operations.

On January 1, 2006, Northrop Grumman opened its business sector called 'Technical Services'. Northrop Grumman and Boeing collaborated on a design concept for NASA's upcoming Orion spacecraft (previously the Crew Exploration Vehicle), but the contract went to rival Lockheed Martin on August 31, 2006.

In 2006, Northrop Grumman had intended to bid for the U.S. Air Force's Next-Generation Bomber. Though it has not built a large manned aircraft since wrapping up B-2 Spirit production in the 1990s, the company has "been working hard to turn that perception around, with the skills and capabilities that back it up." However, by 2009, the teams working on that project were dispersed, as USAF's focus turned to a long-range strike instead. Northrop Grumman was one of two teams competing for the Long Range Strike Bomber, and in October 2015 won that contract.

On July 20, 2007, Northrop Grumman became the sole owner of Burt Rutan's Scaled Composites.

In 2007, Northrop Grumman created 'National Workforce Centers' as an alternative to offshoring. Locations are Auburn, Alabama; Corsicana, Texas; Fairmont, West Virginia; Helena, Montana; Johnstown, Pennsylvania; and Lebanon, Virginia. The Rapid City, South Dakota location closed in January 2012.

In August 2007, Northrop Grumman acquired Scaled Composites in which it had previously owned a 40% stake.

In June 2008, Northrop Grumman began working with DHS Systems LLC, manufacturer of the Deployable Rapid Assembly Shelter (DRASH) in New York, as part of the U.S. Army's Standard Integrated Command Post System program.

In July 2008, three of four Northrop Grumman employees (Thomas Howes, Marc Gonsalves and Keith Stansell) were freed during Operation Jaque after five years of captivity following their 2003 aircraft crash in the Colombian jungle. The fourth employee, Tom Janis, had been killed by the FARC shortly after the crash.

2010s

In March 2011, Northrop Grumman spun off its Shipbuilding unit as Huntington Ingalls Industries.

In July 2013, Northrop Grumman won a training-simulation contract potentially worth $490 million to support the U.S. Air Force's next-generation aerial warfare virtual-training network.

In 2015, Northrop Grumman won a contract for the DARPA Tactically Exploited Reconnaissance Node (TERN) program.

In March 2015, the company delivered the first shipset for Australian EA-18G Growler.

In October 2015, the US Military awarded Northrop Grumman the contract for the successor to the B-1 and B-52, subsequently identified as the B-21. The initial value is $21.4 billion, and could eventually be worth up to $80 billion.

In September 2017, Northrop announced the acquisition of missile and rocket manufacturer Orbital ATK Inc for $9.2 billion: $7.8 billion in cash plus $1.4 billion in net debt. On November 29, 2017, the acquisition was approved by Orbital ATK stockholders and on June 6, 2018, the merger closed after final FTC approval. The acquired company assets and naming were absorbed and become a division named Northrop Grumman Innovation Systems.

In January 2018, Northrop Grumman became the primary contractor for the James Webb Space Telescope.

On June 7, 2018, the acquisition of Orbital ATK was completed, and it was absorbed in Northrop Grumman as a new business sector called Northrop Grumman Innovation Systems.

2020s

Effective January 1, 2020, the NGIS division was split, with most of the sector merging with other Northrop Grumman businesses into a new Space Systems sector.

In June 2020, NASA granted a $935 million contract to Northrop Grumman for the Lunar Gateway Habitation and Logistics Outpost (HALO) module, based on its Cygnus cargo spacecraft. In July 2022, Northrop subcontracted Solstar to provide the wireless-enabling technology to enable a Wi-Fi access for employees and equipment in the module.

In September 2020, Northrop ended development of the OmegA space launch vehicle, intended to carry the U.S. government's national security satellites into space.

In September 2020, Northrop Grumman won a $298 million sole-source contract for the Evolved Strategic Satcom program, an anti-jam communications satellite program intended to replace the Advanced Extremely High Frequency (AEHF) satellite program where Northrop Grumman was a subcontractor to Lockheed Martin.

In February 2021, Northrop sold its federal IT and mission support business to Veritas Capital for $3.4 billion.

In March 2021, NASA awarded Northrop Grumman the contract to develop the Mars Ascent Propulsion System for a Mars sample-return mission. Northrop designed a solid-fueled rocket to launch samples collected by the Perseverance rover from Mars to Earth.

In August 2022, Northrop Grumman announced it was moving production of the engines and structures for its Antares rockets to the U.S. from Russia and Ukraine in partnership with Texas-based Firefly Aerospace. Northrop Grumman and Firefly Aerospace are jointly producing an upgraded version of the Antares rocket, the Antares 330.

Northrop Grumman's B-21 Raider entered test flights in 2023, with the goal of delivering the first plane by the end of the decade.

On September 15, 2023, Northrop Grumman was sanctioned by the Chinese government due to U.S. arms sales to Taiwan.

In May 2024, Northrop Grumman unveiled the Manta Ray, an underwater drone developed for the Defense Advanced Projects Research Agency (DARPA). The drone, which resembles its namesake sea creature, was designed to carry out long-duration, long-range military missions, including extended loitering on the sea bottom. The craft uses two four-bladed propellers on the wings to enhance the propulsion provided by its gliding system, which glides forward while moving up and down in the water column by changing its buoyancy. With an emphasis on minimal human oversight, the creation of the Manta Ray represents a significant advancement in unmanned underwater vehicles (UUV) technology.

In September 2024, Northrop Grumman won the U.S. Missile Defense Agency (MDA) competition to develop and build the Glide Phase Interceptor (GPI). In 2025, the company secured a contract with the U.S. Space Force to test in-space satellite refueling technology Northrop developed. Northrop Grumman is also constructing ground stations to support the Next-Generation Overhead Persistent Infrared program. In May 2025, the company invested $50 million in space startup Firefly to support production of their "Eclipse" rocket.

Operations

Northrop Grumman’s business is focused on developing new technology in various sectors, including land, sea, air, space, and cyber domains. Formally, as of 2019 the company is divided into four operating sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems.

Aeronautics Systems

Aeronautics Systems, headquartered in Palmdale, California, produces military aircraft, autonomous systems, and aerospace structures for the U.S. and other nations. Major products include the E-2D Advanced Hawkeye, an airborne early warning and control aircraft used by the U.S. Navy; the B-2 Spirit, a strategic bomber introduced in 1988; the B-21 Raider, a strategic bomber with a first flight in 2023; and the MQ-4C Triton, a high-altitude long endurance unmanned aerial system for maritime surveillance.

Mission Systems

Mission Systems, headquartered in Linthicum, Maryland, creates military radar, sensors, and microelectronics like semiconductor chips. This unit developed the AN/APG-83 Scalable Agile Beam Radar upgrade for the F-16 Fighting Falcon and the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). It also developed the Integrated Viper Electronic Warfare Suite, a tool to improve situational awareness and detect electronic threats against an aircraft.

Space Systems

The Space Systems sector, headquartered in McLean, Virginia, provides space and launch systems to commercial and government customers. Northrop Grumman's space operations include construction of the James Webb Space Telescope and the construction and operation of the Cygnus spacecraft that delivers supplies to the International Space Station. The company is also creating the Habitation and Logistics Outpost (HALO) module for NASA's Lunar Gateway and has begun development of the Next-Generation Overhead Persistent Infrared Polar (NGP) as part of efforts to modernize U.S. missile defense systems.

Northrop Grumman produces solid rocket motors, including for Space Launch Systems and for Graphite-Epoxy Motors, and developed the Glide Phase Interceptor. The company is a contractor for the Space Development Agency's Tranche 1 Transport and Tracking Layer. In April 2025, the U.S. Space Force gave Northrop Grumman a contract for Elixir, a new mission to develop and demonstrate a satellite refueling capability.

Defense Systems

Northrop Grumman's Defense Systems unit encompasses products related to technology services, directed energy, information systems, and tactical weapons. The company supplies the U.S. Army with its Integrated Battle Command System (IBCS), which operates on a modular open systems architecture framework to network sensors and interceptors among different operators. Other products of this unit include the LGM-35 Sentinel intercontinental ballistic missile program, Bushmaster chain guns, the AARGM-ER anti-radiation missile, and the M1156 precision guidance kit.

Corporate governance

From 1990 to 2003, before the merger with Grumman in 1994, Kent Kresa was the CEO of the company, who led the serial-acquisition strategy with a total of 15 additional acquisitions from 1994 to 2003, including Litton, Logicon, Westinghouse's defense electronics business, Ryan Aeronautical and Newport News Shipbuilding, and TRW. He retired in 2003 at age 65.

In 2003 Ronald Sugar, the former chief operating officer, took over as CEO. Effective October 1, 2003, Sugar also served as the company chairman of the board.

In January 2010, Wes Bush succeeded as CEO and became company president.

In November 2015, Gloria Flach was named COO. She is the former president of the company's electric services sector.

On July 12, 2018, Wes Bush announced that he would step down as CEO effective January 1, 2019, and would remain chairman of the board until July 2019. His successor is Kathy J. Warden, who has served in numerous roles at the company, most recently president and COO.

Corporate headquarters

Since 2011, Northrop Grumman's headquarters are in West Falls Church, Virginia. Before 2011, the company was headquartered in Los Angeles. It decided to move to be closer to its government clients.

Accolades and criticism

Northrop Grumman was named Forbes's Company of the Year in 2002. Forbes's announcement credited the company with "master[ing] the art of innovation." As of 2019, the company is included on Forbes' list of "America's Best Large Employers".

Since 2005 Northrop Grumman credits itself with sponsoring educational programs and donating thousands of dollars to various charities.

Many members of the U.S. government have attended company events and spoken highly of the company and its contributions, for example John McCain. In December 2007, Northrop Grumman Corporation was awarded the Ron Brown Award for Corporate Leadership, the only presidential award recognizing companies for outstanding achievement in employee and community relations.

In 2022, Northrop Grumman and NASA received the National Aeronautic Association's (NAA) Collier Trophy, referred to as the highest honor in aviation, for the James Webb Space Telescope. Aviation Week gave Northrop Grumman Grand Laureate Awards for its leadership in the James Webb Space Telescope in 2022 and the B-21 Raider stealth bomber in 2024.

Environmental record

In 2000, Northrop Grumman was designated a Potentially Responsible Party under federal Superfund laws at 13 hazardous waste sites and under state Superfund laws at eight sites. The corporation has also been linked to 52 superfund toxic waste sites. Based on 2008 data, Northrop Grumman was the 62nd-largest corporate producer of air pollution in the United States, per the Political Economy Research Institute of the University of Massachusetts Amherst. Northrop Grumman facilities released more than 23,798 pounds of toxic chemicals into the air in that year.

In 2002, the Bethpage Community Park in Bethpage, New York, owned by the company until the 1960s, was closed due to soil contamination with polychlorinated biphenyls (PCBs). The company dumped cadmium, arsenic, chromium-tainted sludge, solvents, paints and PCBs at the site between 1949 and 1962. Additionally, two toxic chemical plumes centered under Bethpage Community Park and other surrounding land formerly owned by Grumman or Northrop Grumman have spread to under neighboring houses. In November 2013, the Bethpage Water District filed a multimillion-dollar lawsuit against Northrop Grumman in Federal Court for the Eastern District of New York for contaminating the groundwater in Bethpage.

In 2003, the company was among 84 parties with which the United States Environmental Protection Agency, the U.S. Department of Justice, and the state of New York reached an estimated US$15 million settlement for the rehabilitation of the Mattiace Petrochemical Company Superfund site in Glen Cove, Long Island. In the same year, Northrop Grumman agreed to pay $33,214 after EPA inspectors found hazardous waste violations at the Capistrano test site.

In October 2010, the company was named one of Computerworld's Top 12 Green-IT organizations for its large-scale data center migration effort.

In 2019, Northrop Grumman was named the US's largest corporate contributor to water pollution by the Political Economy Research Institute of the University of Massachusetts Amherst.

Political contributions and governmental ties

From 1990 to 2002, Northrop Grumman contributed $8.5 million to federal campaigns. According to Political action committee (PAC) summary data compiled by Source Watch, the company gave US$1,011,260 to federal candidates in the 2005–2006 election cycle, compared to $10,612,837 given by all defense contractors in the same cycle. This donation amount was only behind that of General Dynamics and Lockheed Martin in the defense industry. The majority of the contributions, 63%, went to Republicans.

Former Northrop Grumman Electronics Systems chief James G. Roche served as Secretary of the Air Force for two years under George W. Bush. Roche would eventually be nominated to head the Army, but withdrew his nomination among accusations of mismanaging a contract with Boeing and for failing to properly handle the Air Force sexual assault scandals of 2003. According to CorpWatch, "at least seven former officials, consultants, or shareholders of Northrop Grumman" have held posts "in the Bush administration...including Deputy Secretary of Defense Paul Wolfowitz, Vice-Presidential Chief of Staff I. Lewis Libby, Pentagon Comptroller Dov S. Zakheim, and Sean O'Keefe, director of NASA." Wolfowitz and Libby have both since left the government amid scandals.

The company engages third-party lobbying firms in jurisdictions where it has interests. For example, in South Australia it works with lobbying firm CMAX Communications.

Controversies

In the late 1980s and early 1990s, Northrop was the target of several high-profile criminal and civil cases.

In 1995, Robert Ferro, an employee for TRW Inc., a company Northrop Grumman acquired in 2002, discovered that satellite components manufactured for the U.S. Air Force (USAF) were faulty and likely to fail in operation. TRW suppressed Ferro's report of the problem and hid the information from the USAF, even after a satellite in space equipped with the faulty components experienced serious anomalies. Ferro later sued Northrop Grumman in federal court under the federal whistle-blower law.

In 1999, the company was sued for knowingly giving the Navy defective aircraft. This suit sought $210 million in damages. Ten years later, on April 2, 2009, Northrop Grumman agreed to pay $325 million to settle the suit. Ferro was awarded $48.8 million of the settlement. Northrop Grumman stated, "it believed that TRW had 'acted properly under its contracts' and that the company had substantive defenses against the claims."

In 2001, federal investigators probed NG for fraud of more than $100 million, systematic overcharging for radar jammers and other high-tech devices used in the B-1 bomber, the F-15 fighter and the B-2 Stealth bomber.

In 2003, the company was sued for overcharging the U.S. government for space projects in the 1990s. Northrop Grumman paid $111.2 million to settle out of court.

From August 25 to September 2, 2010, Virginia's computer system operated by NG, under a $2.4 billion contract, experienced an outage which resulted in around 45,000 citizens not being able to renew their drivers licenses prior to their expiration. Computer systems for 26 of the state's 89 agencies were affected and Governor Bob McDonnell announced that some data may have been permanently lost. In 2010 Northrop Grumman apologized for the outage, and agreed to fund an investigation.

In 2012, controversy began over Northrop Grumman's Integrated Air and Missile Defense Battle Command System (IBCS), when it missed its first deadline. Since then, the system has had a number of controversial developments. In 2016, a Director, Operational Test and Evaluation found a number of major faults with the system, concluding it was "neither mature nor stable".

Northrop Grumman's supply of weapons to Israel led to protests against the company during the Gaza war, including blocking the entrances at facilities in San Diego and Plymouth, Minnesota. Students on hunger strike at Brown University named Northrop Grumman as a company to divest from.

International Traffic in Arms Regulations (ITAR) violations

U.S. State Department investigators found that Litton Industries, a subsidiary acquired by Northrop Grumman in 2000, had provided portions of source code used by guidance and navigation system interfaces aboard Air Force One to a company in Russia in 1998. Northrop Grumman agreed to pay a $15 million fine for 110 violations, occurring between September 1998 and November 1998, of the Arms Export Control Act and the International Traffic in Arms Regulations (ITAR).

Additionally, documents filed by the State Department state that between 1994 and 2003, Northrop Grumman failed to notify the U.S. State Department about the computer guidance systems also being transferred to Angola, Indonesia, Israel, China, Ukraine and Yemen.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorIndustrials industryAerospace & Defense employees95,000 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$41.95B
2016-12-31 → 2025-12-31
EPS$29.08
2016-12-31 → 2025-12-31
Free Cash Flow$3.31B
2016-12-31 → 2025-12-31
Net margin10.5%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend NOC 5Y avg Peer Median Verdict
P/E (TTM) 15.25Y avg ≈19.4 ≈19.4 40.2 Undervalued
P/S (TTM) 1.65Y avg ≈1.9 ≈1.9 2.5 Undervalued
P/B (MRQ) 3.85Y avg ≈4.8 ≈4.8 16.5 Undervalued
EV / EBITDA 13.25Y avg ≈16.4 ≈16.4 18.9 Undervalued
Price / FCF (TTM) 18.65Y avg ≈33.8 ≈33.8 · ·
Price / Cash Flow (TTM) 13.45Y avg ≈19.3 ≈19.3 28.1 Undervalued
EV / Revenue 1.95Y avg ≈2.2 ≈2.2 · ·
EV / FCF 23.95Y avg ≈40.7 ≈40.7 · ·
PEG Ratio ≈1.7 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield1.9%
Payout Ratio30.9%
Annualized Payout≈$9.88Paid quarterly
5Y Div CAGR≈9.8%Per share, split-adjusted
Growth Streak≈22Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 31, 2026$2.47USD≈1.8%
Jun 1, 2026$2.47USD≈1.7%
Feb 23, 2026$2.31USD≈1.3%
Dec 1, 2025$2.31USD≈1.6%
Sep 2, 2025$2.31USD≈1.5%
Jun 2, 2025$2.31USD≈1.8%
Mar 3, 2025$2.06USD≈1.7%
Dec 2, 2024$2.06USD≈1.7%
Sep 3, 2024$2.06USD≈1.5%
May 24, 2024$2.06USD≈1.6%
Feb 23, 2024$1.87USD≈1.6%
Nov 24, 2023$1.87USD≈1.6%
Aug 25, 2023$1.87USD≈1.7%
May 26, 2023$1.87USD≈1.6%
Feb 24, 2023$1.73USD≈1.5%
Nov 25, 2022$1.73USD≈1.3%
Aug 26, 2022$1.73USD≈1.4%
May 27, 2022$1.73USD≈1.4%
Feb 25, 2022$1.57USD≈1.5%
Nov 26, 2021$1.57USD≈1.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 5.2%
Next Report Oct 19, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 20, 2026 $7.68 $6.89 11.5%
March 31, 2026 $6.14 $6.12 0.40%
Dec. 31, 2025 $7.23 $7.04 2.8%
Sept. 30, 2025 $7.67 $6.52 17.6%
June 30, 2025 $7.11 $6.89 3.1%
March 31, 2025 $6.06 $6.31 -4.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $41.95B$41.03B$39.29B$36.60B$35.67B$36.80B$33.84B$30.09B$26.00B$24.71B$23.53B$23.98B
Cost of Revenue ········$12.27B$11.00B$10.33B$10.43B
R&D Expense $1.10B$1.10B$1.20B$1.20B$1.10B$1.10B$953M$764M$639M$705M$712M$569M
SG&A Expense $4.03B$3.99B$4.01B$3.87B$3.60B$3.41B$3.29B$3.01B$2.71B$2.63B$2.57B$2.40B
Operating Expenses $37.67B$36.66B$36.75B$33.00B$32.00B$32.73B$29.87B·····
Operating Income $4.51B$4.37B$2.54B$3.60B$5.65B$4.07B$3.97B$3.78B$3.22B$3.28B$3.08B$3.20B
Other Non-op $154M$168M$246M$4M$19M$92M$107M$130M$136M$44M$15M$23M
Pretax Income $5.07B$5.02B$2.35B$5.84B$8.94B$3.73B$2.55B$3.74B$4.23B$2.68B$2.79B$2.94B
Income Tax $886M$842M$290M$940M$1.93B$539M$300M$513M$1.36B$638M$800M$868M
Net Income $4.18B$4.17B$2.06B$4.90B$7.00B$3.19B$2.25B$3.23B$2.87B$2.04B$1.99B$2.07B
EPS (Basic) $29.14$28.39$13.57$31.61$43.70$19.08$13.28$18.59$16.45$11.42$10.51$9.91
EPS (Diluted) $29.08$28.34$13.53$31.47$43.54$19.03$13.22$18.49$16.34$11.32$10.39$9.75
Shares (Basic) 143,500,000147,000,000151,500,000154,900,000160,300,000167,100,000169,300,000173,700,000174,400,000178,900,000189,400,000208,800,000
Shares (Diluted) 143,800,000147,300,000152,000,000155,600,000160,900,000167,600,000170,000,000174,600,000175,600,000180,500,000191,600,000212,100,000
EBITDA $5.98B$5.74B$3.88B$4.94B$6.89B$5.33B$4.99B$4.58B$3.77B$3.65B$3.54B$3.66B
Balance Sheet 26
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $4.40B$4.35B$3.11B$2.58B$3.53B$4.91B$2.25B$1.58B$11.22B$2.54B$2.32B$3.86B
Receivables $1.38B$1.27B$1.45B$1.51B$1.47B$1.50B$1.33B$1.45B$1.05B···
Inventory $1.31B$1.46B$1.11B$978M$811M$759M$783M$654M$398M$816M$807M$742M
Other Current Assets $1.66B$1.29B$2.34B$1.44B$1.13B$1.40B$997M$973M$445M$200M$367M$369M
Current Assets $15.29B$14.27B$13.71B$12.49B$12.43B$15.34B$10.69B$9.68B$16.59B$6.86B$6.33B$7.78B
PP&E (Net) $10.97B$10.54B$9.65B$8.80B$7.89B$7.07B$6.91B$6.37B$4.22B$3.59B$3.06B$2.99B
PP&E (Gross) $20.62B$19.27B$17.62B$16.06B$14.71B$13.41B$12.76B$11.74B$9.29B$8.42B$7.91B$7.60B
Accum. Depreciation $9.65B$8.73B$7.96B$7.26B$6.82B$6.33B$5.85B$5.37B$5.07B$4.83B$4.85B$4.61B
Goodwill $17.44B$17.51B$17.52B$17.52B$17.52B$17.52B$18.71B$18.67B$12.46B$12.45B$12.46B$12.47B
Intangibles $208M$254M$305M$384M$578M$783M$1.04B$1.37B$52M$61M$77M$101M
Other Non-current Assets $1.60B$1.48B$1.19B$2.59B$2.31B$1.91B$1.73B$1.46B$1.36B$1.26B$1.16B$1.31B
Total Assets $51.38B$49.36B$46.54B$43.76B$42.58B$44.47B$41.09B$37.65B$35.13B$25.61B$24.42B$26.57B
Accounts Payable $3.24B$2.60B$2.11B$2.59B$2.20B$1.81B$2.23B$2.18B$1.66B$1.55B$1.28B$1.30B
Current Liabilities $13.88B$14.13B$11.94B$11.59B$9.53B$9.58B$9.43B$8.27B$7.09B$5.63B$5.46B$5.89B
Capital Leases $1.86B$1.80B$1.89B$1.82B$1.59B$1.34B$1.31B$0····
Deferred Tax ······$0$108M$0···
Other Non-current Liabilities $2.69B$2.33B$2.84B$2.04B$2.00B$2.21B$1.78B$1.45B$994M$849M$887M$965M
Total Liabilities $34.70B$34.07B$31.75B$28.44B$29.65B$33.89B$32.27B$29.47B$28.00B$20.36B$18.90B$19.34B
Long-term Debt $15.70B$16.27B$13.86B$12.88B$12.78B$15.00B$13.88B$14.40B$15.27B$7.07B$6.53B$5.93B
Total Debt $15.70B$16.27B$13.86B$12.88B$12.78B$15.00B$1.11B·$867M$12M$110M$3M
Common Stock $142M$145M$150M$153M$156M$167M$168M$171M$174M$175M$181M$199M
Retained Earnings $16.66B$15.30B$14.77B$15.31B$12.91B$10.48B$8.75B$8.07B$6.91B$10.63B$10.66B$12.39B
AOCI $-126M$-152M$-128M$-153M$-143M$-128M$-97M$-52M$1M$-5.55B$-5.32B$-5.36B
Stockholders' Equity $16.67B$15.29B$14.79B$15.31B$12.93B$10.58B$8.82B$8.19B$7.13B$5.36B$5.52B$7.24B
Liabilities + Equity $51.38B$49.36B$46.54B$43.76B$42.58B$44.47B$41.09B$37.65B$35.13B$25.61B$24.42B$26.57B
Shares Outstanding 141,997,194144,952,026150,109,271153,157,924156,284,423166,717,179167,848,424170,607,336174,085,619175,068,263181,303,083198,930,240
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $1.47B$1.37B$1.34B$1.34B$1.24B$1.27B$1.26B$800M$475M$456M$467M$462M
Stock-based Comp $119M$101M$87M$99M$94M$90M$127M$86M$94M$93M$99M$134M
Deferred Tax ···········$157M
Amort. of Intangibles $45M$57M$80M$197M$204M$262M$332M$203M$14M$16M$22M$22M
Other Non-cash $-1.02B$-1.26B$394M$-3.44B$-4.77B$-241M$904M$-288M$29M$64M$-394M$-229M
Operating Cash Flow $4.76B$4.39B$3.88B$2.90B$3.57B$4.30B$4.30B$3.83B$2.61B$2.81B$2.16B$2.59B
CapEx $1.45B$1.77B$1.77B$1.44B$1.42B$1.42B$1.26B$1.25B$928M$920M$471M$561M
Investing Cash Flow $-1.16B$-1.75B$-1.58B$-1.24B$2.06B$-1.21B$-1.21B$-8.88B$-889M$-805M$-431M$-645M
Debt Issued $998M$2.50B$2.00B$0$0$2.24B$0$0$8.24B$749M$600M$0
Net Debt Issued $-502M$2.50B$945M$0$-2.24B$1.21B$-500M$-2.28B$8.24B$428M$600M$0
Stock Repurchased $1.62B$2.51B$1.50B$1.50B$3.71B$490M$744M$1.26B$393M$1.55B$3.18B$2.67B
Net Stock Activity $-1.62B$-2.51B$-1.50B$-1.50B$-3.71B$-490M$-744M$-1.26B$-393M$-1.55B$-3.18B$-2.67B
Dividends Paid $1.29B$1.19B$1.12B$1.05B$983M$953M$880M$821M$689M$640M$603M$563M
Financing Cash Flow $-3.55B$-1.40B$-1.76B$-2.61B$-7.00B$-432M$-2.42B$-4.59B$6.96B$-1.79B$-3.27B$-3.23B
Net Change in Cash $50M$1.24B$532M$-953M$-1.38B$2.66B$666M$-9.65B$8.68B$222M$-1.54B$-1.29B
Taxes Paid ·$880M$1.20B$1.50B$1.30B$312M$324M$270M$517M$691M$118M$727M
Free Cash Flow $3.31B$2.62B$2.10B$1.47B$2.15B$2.88B$3.03B$2.58B$1.69B$1.89B$1.69B$2.03B
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 10.8%10.7%6.5%9.8%15.8%11.1%11.7%12.6%12.8%13.0%13.1%13.3%
Net Margin 10.0%10.2%5.2%13.4%19.6%8.7%6.6%10.7%7.8%9.0%8.5%8.6%
Pretax Margin 12.1%12.2%6.0%15.9%25.1%10.1%7.5%12.4%11.8%11.9%11.9%12.2%
EBITDA Margin 14.3%14.0%9.9%13.5%19.3%14.5%14.7%15.2%14.6%14.9%15.1%15.3%
ROA 8.3%8.7%4.5%11.3%16.1%7.4%5.7%8.9%6.7%8.8%7.8%7.8%
ROE 26.4%27.8%13.4%33.5%57.6%30.3%24.2%37.4%29.5%39.9%35.5%24.2%
ROIC 11.5%11.5%7.8%10.7%17.2%13.6%35.3%39.8%27.6%45.6%39.0%31.1%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 1.11.01.11.11.31.61.11.22.31.21.21.4
Quick Ratio 0.40.10.40.40.50.70.40.41.60.50.40.7
Debt / Equity 0.91.10.90.81.01.40.1·0.10.00.00.0
LT Debt / Equity 0.91.00.90.81.01.3······
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.80.90.90.80.80.90.90.80.91.00.90.9
Inventory Turnover ········15.413.613.3·
Receivables Turnover 31.730.126.524.624.026.024.424.1····
Per Share 6
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $117.42$105.48$98.56$99.98$82.71$63.45$52.54$47.99$40.49$30.04$30.46$36.37
Revenue / Share $291.75$278.57$258.49$235.23$221.67$219.56$199.06$172.37$146.94$135.78$122.79$113.06
Cash Flow / Share $33.08$29.79$25.49$18.64$22.17$25.69$25.28$21.92$14.88$15.58$11.28$12.23
Cash / Share $31.01·$20.71$16.83$22.59$29.43$13.38$9.26$64.48$14.51$12.79$19.42
Dividend / Share $8.99$8.05$7.34$6.76$6.16$5.67$5.16$4.70$3.90$3.50$3.10$2.71
EPS (TTM) $29.08$28.34$13.53$31.47$43.54$19.03$13.22$18.49$16.34$11.32$10.39$9.75
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 2.2%4.4%7.3%2.6%-3.1%·······
Revenue CAGR 3Y 4.7%4.8%2.2%·········
Revenue CAGR 5Y 2.7%···········
EPS YoY 2.6%109.5%-57.0%-27.7%128.8%·······
EPS CAGR 3Y -2.6%-13.3%-10.8%·········
EPS CAGR 5Y 8.8%···········
Net Income YoY 0.19%103.0%-58.0%-30.1%119.7%·······
Net Income CAGR 3Y -5.1%-15.8%-13.6%·········
Net Income CAGR 5Y 5.6%···········
Dividends Paid CAGR 5Y 6.3%···········
Valuation (TTM) 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $41.95B$41.03B$39.29B$36.60B$35.67B$36.80B$33.84B$30.09B$26.00B$24.71B$23.53B$23.98B
Net Income TTM $4.18B$4.17B$2.06B$4.90B$7.00B$3.19B$2.25B$3.23B$2.87B$2.04B$1.99B$2.07B
Market Cap $80.97B$68.02B$70.27B$83.56B$60.49B$50.80B$57.73B$41.78B$53.43B$40.72B$34.23B$29.32B
Enterprise Value $92.26B·$81.02B$93.86B$69.75B$60.90B$56.60B·$43.07B$38.19B$32.02B$25.46B
P/E 19.616.634.617.38.916.026.013.218.820.518.215.1
P/S 1.91.71.82.31.71.41.71.42.11.61.51.2
P/B 4.94.44.75.54.74.86.55.17.67.76.24.1
P / Cash Flow 17.015.518.128.817.011.813.410.920.414.515.811.3
P / FCF 24.526.033.557.028.117.619.016.231.721.520.214.4
EV / EBITDA 15.4·20.919.010.111.411.3·11.410.59.07.0
EV / FCF 27.9·38.664.032.421.118.7·25.620.218.912.5
EV / Revenue 2.2·2.12.62.01.71.7·1.71.51.41.1
Dividend Yield 1.6%1.7%1.6%1.3%1.6%1.9%1.5%2.0%1.3%1.6%1.8%1.9%
Earnings Yield 5.1%6.0%2.9%5.8%11.2%6.2%3.8%7.5%5.3%4.9%5.5%6.6%
Payout Ratio 30.9%28.4%54.3%21.5%14.0%29.9%39.1%25.4%34.2%29.1%30.3%27.2%
Annual Payout $1.29B$1.19B$1.12B$1.05B$983M$953M$880M$821M$689M$640M$603M$563M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $41.95B $41.03B $39.29B $36.60B $35.67B
Operating Margin % 10.8% 10.7% 6.5% 9.8% 15.8%
Net Income $4.18B $4.17B $2.06B $4.90B $7.00B
Diluted EPS $29.08 $28.34 $13.53 $31.47 $43.54

Institutional owners (13F) 1,976 filers · $66.9B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,976
Value held $66.9B
New positions 141
Exited positions 193
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
141 (-124 vs prior Q) 193 (+89 vs prior Q) 697 (+45 vs prior Q) 647 (-18 vs prior Q) +2.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $7,835,096,521 13,740,721 11.70% Shares
STATE STREET CORP $6,707,202,705 13,169,195 10.02% Shares
BlackRock, Inc. $6,001,615,890 11,783,817 8.97% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,582,332,863 8,997,139 6.85% Shares
Capital International Investors $2,978,603,952 5,852,674 4.45% Shares
Capital World Investors $2,578,232,675 5,062,384 3.85% Shares
WELLINGTON MANAGEMENT GROUP LLP $2,512,314,182 4,932,780 3.75% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,830,975,052 3,595,011 2.74% Shares
MORGAN STANLEY $1,814,303,029 3,562,274 2.71% Shares
FRANKLIN RESOURCES INC $1,718,858,314 3,374,876 2.57% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,655,261,689 3,261,247 2.47% Shares
BANK OF AMERICA CORP /DE/ $1,298,140,769 2,548,822 1.94% Shares
Invesco Ltd. $942,760,905 1,851,055 1.41% Shares
Sanders Capital, LLC $931,145,498 1,828,249 1.39% Shares
JPMORGAN CHASE & CO $694,562,884 1,400,270 1.04% Shares
FMR LLC $664,042,328 1,303,808 0.99% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $601,138,083 1,180,299 0.90% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $572,217,554 1,121,257 0.85% Shares
NORTHERN TRUST CORP $567,251,653 1,113,765 0.85% Shares
GOLDMAN SACHS GROUP INC $542,471,231 1,065,110 0.81% Shares
AMERIPRISE FINANCIAL INC $531,370,378 1,042,987 0.79% Shares
DIMENSIONAL FUND ADVISORS LP $518,200,797 1,017,590 0.77% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $455,781,350 668,066 0.68% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $449,015,528 881,615 0.67% Shares
ROYAL BANK OF CANADA $428,529,000 841,394 0.64% Shares
Nuveen, LLC $391,642,915 768,968 0.59% Shares
VANGUARD FIDUCIARY TRUST CO $385,240,047 756,396 0.58% Shares
Legal & General Group Plc $380,516,198 747,121 0.57% Shares
Bank of New York Mellon Corp $376,135,276 738,519 0.56% Shares
Qube Research & Technologies Ltd $341,831,046 671,165 0.51% Shares
Mawer Investment Management Ltd. $339,744,912 667,069 0.51% Shares
UBS Group AG $336,015,745 659,747 0.50% Shares
CITADEL ADVISORS LLC $289,081,300 567,594 0.43% Shares
PeakShares LLC $254,655,000 500 0.38% Shares
Capital Research Global Investors $240,699,650 473,287 0.36% Shares
FIRST TRUST ADVISORS LP $224,661,438 441,110 0.34% Shares
D. E. Shaw & Co., Inc. $223,676,220 439,175 0.33% Shares
AQR CAPITAL MANAGEMENT LLC $219,006,298 430,006 0.33% Shares
WELLS FARGO & COMPANY/MN $216,542,083 425,168 0.32% Shares
National Pension Service $201,911,875 396,442 0.30% Shares
ALLIANCEBERNSTEIN L.P. $200,657,018 294,115 0.30% Shares
DEUTSCHE BANK AG\ $194,057,806 381,021 0.29% Shares
Swiss National Bank $193,825,560 380,565 0.29% Shares
HSBC HOLDINGS PLC $181,108,685 356,699 0.27% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $180,056,981 353,530 0.27% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $179,939,223 353,300 0.27% Put option
LONDON CO OF VIRGINIA $175,364,839 344,289 0.26% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $170,768,078 335,293 0.26% Shares
LPL Financial LLC $170,237,416 334,251 0.25% Shares
CANADA PENSION PLAN INVESTMENT BOARD $160,194,293 314,532 0.24% Shares

Show all 1,976 institutional owners →

Activists & 5%+ owners 7 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Undisclosed reporting person Nov. 20, 2006 · Initial filing M&A / sale SEC
Northrop Grumman Corporation; I.D. No., Northrop Grumman Space & Mission Systems Corp. (formerly TRW Inc.); I.D. No. ×9 filings Dec. 9, 2005 · Initial filing · SEC
Northrop Grumman Corporation I.D. No., Northrop Grumman Space & Mission Systems Corp. (formerly TRW Inc.) I.D. No. March 29, 2005 · Initial filing · SEC
Northrop Grumman Corporation, Northrop Grumman Space & Mission Systems Corp. (formerly TRW Inc.) ×3 filings Feb. 14, 2003 · Initial filing M&A / sale SEC
Undisclosed reporting person, Undisclosed reporting person April 13, 2001 · Initial filing M&A / sale SEC
Undisclosed reporting person April 12, 2001 · Initial filing Board campaign SEC
Feb. 2, 2001 · Initial filing M&A / sale SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 96 insiders · 54 officers · 32 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Kathy J Warden Chair, CEO and President Aug. 19, 2026 A 196,681 0 9 $-20,221,470
Ronald D Sugar Chief Executive Officer Nov. 13, 2009 M 265,229 0 0 $0
John Greene CVP & Chief Financial Officer Feb. 11, 2026 A · 0 0 $0
Kenneth B. Crews CVP & Chief Financial Officer Feb. 18, 2025 M 2,645 0 0 $0
David F Keffer CVP & Chief Financial Officer Feb. 16, 2024 M 16,640 0 0 $0
Charles H Noski Corp. VP & CFO Jan. 24, 2005 J 1,454 0 0 $0
Richard B Waugh JR Corp. VP & CFO Nov. 22, 2003 F 50,368 0 0 $0
Kathryn G Simpson Corp VP & General Counsel March 2, 2026 S 1 0 3 $-1,338,837
Roshan S Roeder CVP & Pres. Mission Systems Feb. 27, 2026 S 2,353 0 4 $-1,905,484
Michael A Hardesty Corp VP, Controller & CAO Feb. 19, 2026 S 2,525 0 4 $-1,160,105
Benjamin R. Davies CVP & Pres. Defense Systems Feb. 17, 2026 M 151 0 1 $-1,575,226
Robert J. Fleming CVP and Pres. Space Systems Feb. 17, 2026 M 2,619 0 0 $0
Thomas H Jones CVP & Pres Aeronautics Systems Feb. 17, 2026 M 11,205 0 0 $0
Mark A Caylor CVP & Pres, Mission Systems Feb. 21, 2024 S 16,432 0 0 $0
Matthew Fox Bromberg CVP, Global Operations May 4, 2023 M 1,585 0 0 $0
David T Perry CVP Chief Global Bus Off March 6, 2023 S 8,717 0 0 $0
Lucy C Ryan Corp VP, Communications March 2, 2023 S 4,144 0 0 $0
Sheila C. Cheston Corp. VP & General Counsel Feb. 21, 2023 S 27,058 0 0 $0
Stephen F. O'Bryan CVP Global Bus Dev Officer Feb. 16, 2023 A · 0 0 $0
Thomas L Wilson Jr CVP and Pres. Space Systems Feb. 16, 2023 M 3,000 0 0 $0
Mary D Petryszyn Corporate Vice President Feb. 16, 2023 M 12,592 0 0 $0
Lesley A Kalan CVP, Chief Strategy & Dev Ofc Feb. 16, 2023 M 17,933 0 0 $0
Ann M Addison Corp VP & Chief HR Officer Feb. 16, 2023 M 12,108 0 0 $0
Shawn N Purvis CVP, Pres, Enterprise Svcs Feb. 15, 2022 M 8,167 0 0 $0
Blake E Larson Corporate Vice President Dec. 31, 2021 M 14,843 0 0 $0
Darryl M Fraser Corp VP, Communications Feb. 20, 2016 M 65,400 0 0 $0
PALMER JAMES F Corp. VP March 9, 2015 S 222,074 0 0 $0
Linda A Mills Corp. VP, Operations Dec. 4, 2014 J 107,230 0 0 $0
Gary W. Ervin Corp VP & Pres Aerospace Sys Aug. 30, 2012 I 0 0 0 $0
James F Pitts Corp VP & Pres Electronic Sys Aug. 17, 2012 S 2,829 0 0 $0
Alexander C Livanos Corp VP & Chf Tech Officer Feb. 14, 2012 F 67,229 0 0 $0
Kenneth N Heintz Corporate VP, Controller & CAO May 19, 2011 P 78,088 0 0 $0
Mark Rabinowitz Corp. VP & Treasurer May 6, 2011 M 36,977 0 0 $0
Michael C Petters Corp. VP & Pres. Shipbuilding Feb. 15, 2011 F 122,115 0 0 $0
Stephen D Yslas Corp. VP & General Counsel March 12, 2010 S 90,693 0 0 $0
James L Cameron Corp VP & Pres Technical Servs Feb. 16, 2010 A 85,697 0 0 $0
Ian V Ziskin Corp VP & Chf HR & Adm Ofcr Feb. 16, 2010 J 51,186 0 0 $0
Robert W Helm Corp.VP, Bus Dev & Gov. Rel. Feb. 16, 2010 A 104,793 0 0 $0
TEEL PHILIP A Corporate Vice President April 30, 2009 S 73,457 0 0 $0
Burks W Terry Corp. VP & General Counsel March 4, 2008 A 136,461 0 0 $0
Brien Rosanne P O Corp. VP, Communications March 4, 2008 S 19,011 0 0 $0
Jerry B Agee Corp VP & Pres Mission Systems Feb. 27, 2008 A 75,640 0 0 $0
Neill James R O Corporate Vice President Feb. 25, 2008 F 70,773 0 0 $0
Scott J Seymour Corporate Vice President Feb. 25, 2008 F 124,209 0 0 $0
James L Sanford Corp. VP & Treasurer Feb. 21, 2007 J 39,924 0 0 $0
Michael J Hateley Corporate Vice President Feb. 22, 2006 S 24,004 0 0 $0
John H Mullan Corp. VP & Secretary Feb. 21, 2006 A 45,811 0 0 $0
Albert F Myers Corp. VP, Strategy & Tech. Feb. 15, 2006 J 46,445 0 0 $0
Philip A Dur Corporate Vice President Dec. 12, 2005 S 68,093 0 0 $0
Donald C Winter Corporate Vice President Nov. 11, 2005 M 90,000 0 0 $0
Robert P Iorizzo Corp. VP & Pres. Electric Sys. May 31, 2005 S 82,164 0 0 $0
Sandra J Wright Corp. VP & Controller Feb. 28, 2005 A 27,941 0 0 $0
Thomas C Schievelbein Corp. VP & Pres. Newport News June 14, 2004 A 40,692 0 0 $0
Herbert W Anderson Corporate VP & Pres. IT Feb. 17, 2004 J 52,974 0 0 $0
Marianne Catherine Brown Director Sept. 30, 2026 A 11,706 0 0 $0
Arvind Krishna Director Sept. 30, 2026 A 2,837 0 0 $0
Mark A Welsh III Director Aug. 3, 2026 S 4,393 0 40 $-226,069
Christopher W. Grady Director May 20, 2026 A 421 0 0 $0
James S Turley Director May 20, 2026 A 6,738 0 0 $0
Gary Roughead Director May 20, 2026 A 12,210 0 0 $0
Kimberly A. Ross Director May 20, 2026 A 1,612 0 0 $0
Mary A Winston Director May 20, 2026 A 1,609 0 0 $0
David P Abney Director May 20, 2026 A 2,824 0 0 $0
Thomas M Schoewe Director May 20, 2026 A 16,737 0 0 $0
Ann M Fudge Director May 21, 2025 A 5,792 0 0 $0
Madeleine Kleiner Director May 21, 2025 A 21,002 0 0 $0
Graham Robinson Director March 31, 2025 A 1,984 0 0 $0
Karl J Krapek Director March 31, 2023 A 23,942 0 0 $0
Donald E Felsinger Director May 18, 2022 A 39,831 0 0 $0
William H Hernandez Director May 18, 2022 A 7,585 0 0 $0
Richard B Myers Director May 18, 2016 J 20,375 0 0 $0
Kevin W Sharer Director March 31, 2015 J 42,344 0 0 $0
Aulana L Peters Director May 21, 2014 A 21,626 0 0 $0
Stephen E Frank Director May 21, 2014 A 19,354 0 0 $0
Lewis W Coleman Director Nov. 30, 2012 A 39,114 0 0 $0
Thomas B Fargo Director Dec. 31, 2010 J 5,870 0 0 $0
LARSON CHARLES R Director March 31, 2009 J 6,295 0 0 $0
Phillip Frost, M.D. Director March 31, 2009 J 11,277 0 0 $0
Philip A Odeen Director March 31, 2008 J 4,516 0 0 $0
John T Chain JR Director March 30, 2007 J 4,738 0 0 $0
John B Slaughter Director June 30, 2006 J 1,072 0 0 $0
Michael J Cook Director Jan. 24, 2005 J 1,282 0 0 $0
Jay H Nussbaum Director May 21, 2004 A 912 0 0 $0
Janis G Pamiljans · Feb. 22, 2021 S 7,953 0 0 $0
Bruce S Gordon · May 20, 2020 A 18,457 0 0 $0
Kenneth L Bedingfield · Feb. 12, 2020 M 41,896 0 0 $0
Marianne Brown · Dec. 31, 2019 A 5,367 0 0 $0
Christopher T Jones · Aug. 19, 2019 G 62,829 0 0 $0
Wesley G Bush · May 23, 2019 J 109,712 0 0 $0
Patrick M. Antkowiak · May 20, 2019 S 5,208 0 0 $0
Denise M. Peppard · March 1, 2019 S 14,513 0 0 $0
Lisa R Davis · Feb. 18, 2018 M 2,070 0 0 $0
Gloria A Flach · Nov. 13, 2017 S 71,259 0 0 $0
Sid Ashworth · Oct. 27, 2017 S 63,147 0 0 $0
Vic Fazio · May 17, 2017 J 38,398 0 0 $0
Thomas E Vice · May 10, 2017 S 72,453 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 134 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FOWF · Pacer Funds Trust 5.08% 1,481 NS July 31, 2026 N-PORT
PPA · Invesco Exchange-Traded Fund Trust 4.67% 720,900 SH Oct. 2, 2026 Daily
ITA · iShares Trust 4.44% 1,098,623 SH Sept. 11, 2026 Daily
UFO · Procure ETF Trust II 2.79% 30,155 NS July 31, 2026 N-PORT
DFEN · Direxion Shares ETF Trust 2.77% 19,580 NS July 31, 2026 N-PORT
FGSI · First Trust Exchange-Traded Fund IV 2.02% 77 NS July 31, 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1.15% 17,548 SH Oct. 2, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 1.04% 44,230 NS July 31, 2026 N-PORT
MADE · iShares Trust 1.00% 1,140 SH Sept. 11, 2026 Daily
FXR · First Trust Exchange-Traded AlphaDE… 0.96% 13,055 NS July 31, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 0.95% 986 NS July 31, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.92% 163,844 SH Aug. 19, 2026 Daily
ESMV · iShares Trust 0.90% 134 SH Sept. 11, 2026 Daily
IYJ · iShares Trust 0.87% 31,734 SH Sept. 11, 2026 Daily
UPSD · ETF Series Solutions 0.85% 1,825 NS July 31, 2026 N-PORT
EQIN · Columbia ETF Trust I 0.81% 4,556 NS July 31, 2026 N-PORT
XT · iShares Trust 0.73% 54,249 SH Sept. 11, 2026 Daily
EXI · iShares Trust 0.70% 19,169 SH Sept. 11, 2026 Daily
IMCV · iShares Trust 0.61% 13,702 SH Sept. 11, 2026 Daily
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.61% 1,099 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.51% 16,588 SH Sept. 11, 2026 Daily
DFLV · Dimensional ETF Trust 0.50% 62,403 NS July 31, 2026 N-PORT
USMV · iShares Trust 0.50% 227,823 SH Sept. 11, 2026 Daily
QLV · FlexShares Trust 0.47% 1,428 NS July 31, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 0.46% 16,295,000 Oct. 2, 2026 Daily
ACWV · iShares, Inc. 0.42% 26,949 SH Sept. 11, 2026 Daily
IMCG · iShares Trust 0.41% 31,866 SH Sept. 11, 2026 Daily
FDLO · FIDELITY COVINGTON TRUST 0.41% 10,637 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.39% 168 SH Sept. 11, 2026 Daily
DFUV · Dimensional ETF Trust 0.39% 110,928 NS July 31, 2026 N-PORT
LGDX · Tidal Trust III 0.35% 912 NS July 31, 2026 N-PORT
MGV · VANGUARD WORLD FUND 0.34% 89,270 SH Aug. 19, 2026 Daily
ROUS · Lattice Strategies Trust 0.33% 4,253 NS July 31, 2026 N-PORT
VIG · VANGUARD SPECIALIZED FUNDS 0.30% 754,279 SH Aug. 19, 2026 Daily
EVUS · iShares Trust 0.30% 2,171 SH Sept. 11, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.28% 533,336 SH Aug. 19, 2026 Daily
DGRO · iShares Trust 0.27% 225,134 SH Sept. 11, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.27% 1,350,621 SH Aug. 19, 2026 Daily
HAPI · Harbor ETF Trust 0.26% 2,390 NS July 31, 2026 N-PORT
PWS · Pacer Funds Trust 0.26% 116 NS July 31, 2026 N-PORT
IWX · iShares Trust 0.26% 19,271 SH Sept. 11, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.25% 4,045 SH Oct. 2, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.24% 9,341 SH Aug. 19, 2026 Daily
IVE · iShares Trust 0.23% 221,819 SH Sept. 11, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.23% 30,746 SH Aug. 19, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.23% 301,000 Oct. 2, 2026 Daily
IUSV · iShares Trust 0.22% 116,560 SH Sept. 11, 2026 Daily
ESGU · iShares Trust 0.21% 73,890 SH Sept. 11, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.21% 41,437 SH Oct. 2, 2026 Daily
DFVX · Dimensional ETF Trust 0.20% 1,928 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.19% 378,640 SH Oct. 2, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.19% 80,632 SH Aug. 19, 2026 Daily
IWD · iShares Trust 0.19% 296,868 SH Sept. 11, 2026 Daily
MPLY · Strategy Shares 0.18% 54 NS July 31, 2026 N-PORT
EUSA · iShares, Inc. 0.18% 6,695 SH Sept. 11, 2026 Daily
AQLT · iShares Trust 0.18% 1,102 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.17% 7 NS July 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.17% 7,884,000 Oct. 2, 2026 Daily
SIZE · iShares Trust 0.17% 1,407 SH Sept. 11, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.16% 3,266 SH Oct. 2, 2026 Daily
ACVF · ETF Opportunities Trust 0.16% 455 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.16% 32,396 SH Oct. 2, 2026 Daily
ACIO · ETF Series Solutions 0.16% 6,831 NS July 31, 2026 N-PORT
ADME · ETF Series Solutions 0.16% 845 NS July 31, 2026 N-PORT
FYEE · Fidelity Greenwood Street Trust 0.15% 619 NS July 31, 2026 N-PORT
MGC · VANGUARD WORLD FUND 0.14% 28,515 SH Aug. 19, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.13% 3,729,000 Oct. 1, 2026 Daily
DFAU · Dimensional ETF Trust 0.13% 30,216 NS July 31, 2026 N-PORT
ILCV · iShares Trust 0.13% 3,269 SH Sept. 11, 2026 Daily
TOPC · iShares Trust 0.13% 80 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.13% 5,253 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.12% 11 NS July 31, 2026 N-PORT
IWL · iShares Trust 0.12% 5,177 SH Sept. 11, 2026 Daily
XCLR · Global X Funds 0.12% 8 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 19,551 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.12% 2,396 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.12% 11,896 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.12% 7,240 NS July 31, 2026 N-PORT
LRGF · iShares Trust 0.12% 8,280 SH Sept. 11, 2026 Daily
XYLD · Global X Funds 0.12% 6,973 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.12% 107 NS July 31, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 0.11% 3,425,000 Oct. 2, 2026 Daily
DXUV · Dimensional ETF Trust 0.11% 1,153 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.11% 12 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.11% 6,746 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.11% 2,765 SH Sept. 11, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.11% 3,838 SH Oct. 2, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.11% 3,467,030 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.11% 165,876 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.11% 541 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.11% 127 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.11% 40,744 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.11% 1,682,575 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.10% 504 NS July 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.10% 3,198 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.10% 4,508,982 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.10% 22,039 SH Aug. 19, 2026 Daily
IYY · iShares Trust 0.10% 5,733 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.10% 92,231 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.10% 794 SH Oct. 2, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.10% 23,373 SH Oct. 2, 2026 Daily
DYNF · BlackRock ETF Trust 0.10% 77,054 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.10% 36,862 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.09% 173,819 SH Sept. 11, 2026 Daily
FHEQ · Fidelity Greenwood Street Trust 0.09% 1,612 NS July 31, 2026 N-PORT
ILCG · iShares Trust 0.09% 5,577 SH Sept. 11, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.09% 11,241 SH Aug. 19, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.09% 928 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.08% 10,437 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.08% 3,318 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.08% 105 SH Oct. 2, 2026 Daily
DFAC · Dimensional ETF Trust 0.08% 72,090 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.08% 372 SH Sept. 11, 2026 Daily
URTH · iShares, Inc. 0.08% 12,318 SH Sept. 11, 2026 Daily
ACWI · iShares Trust 0.07% 42,270 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.06% 111,095 SH Aug. 19, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.06% 5,824 SH Oct. 2, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND 0.05% 417 SH Aug. 19, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.04% 677 SH Oct. 2, 2026 Daily
USCL · iShares Trust 0.03% 1,781 SH Sept. 11, 2026 Daily
GLOF · iShares Trust 0.02% 79 SH Sept. 11, 2026 Daily
FTLS · First Trust Exchange-Traded Fund III -0.43% -19,660 NS July 31, 2026 N-PORT
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VPLS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily

NOC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 28 analysts BUY
Median target $625.00 +30.8%
5 17.9% Strong Buy
12 42.9% Buy
11 39.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

22 analysts · 2026-10-02

Mean target $644.45 +34.8%

← Below all targets Current price $478.00
Low$538.00 Mean$644.45 High$815.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
NOC $80.97B 19.6 2.2% 10.0% 26.4% ·
BA $219.78B 87.5 34.5% 2.5% 289.1% 4.8%
LMT $110.76B 22.5 5.6% 6.7% 83.2% 10.2%
HWM $82.34B 55.3 11.1% 18.3% 29.0% ·
GD $91.03B 21.8 10.1% 8.0% 17.1% ·
TDG · 41.1 11.2% 23.5% -26.0% 60.1%
HONA · · · · · ·
RKLB $37.92B -188.5 38.0% -32.9% -16.4% 34.4%
LHX $56.89B 35.7 9.8% · 8.2% ·
HEI · · · · · ·

Latest News Recent headlines mentioning this company

23

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26

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Source: SEC 10-Q filed Jul 21, 2026