Inside the research

Northrop Grumman Corporation

NOC Research profile · latest available data

Price overview

$510.52

▲ +1.54 (+0.3%)

52w hi$761.19
52w lo$493.77
Vol535.40K
As of25 Sep 2026

The Verdict

Hold

Our score -0.31

Short-0.18
Medium-0.44
Long-0.31

computed 2026-09-27

Key fundamentals

Northrop Grumman Corporation

Industrials · Aerospace & Defense

Market cap$72.53B
Enterprise value$87.27B
Trailing P/E16.23x
Forward P/E16.77x
EV / EBITDA12.03x
P / S (ttm)1.69x
Profit margin10.5%
Return on equity27.0%
Revenue growth+5.1%
Earnings growth-5.8%
Debt / equity95.35

Layer Breakdown

LayerRawContribution
Fundamental+0.21
Sector-0.07
Technical-0.21
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; 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. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.

United States · www.northropgrumman.com

Risk Metrics

Beta vs SPX0.08
Corr SPX0.05
Annual vol27.1%
Annual ret+2.3%
Sharpe0.08
Max DD-35.4%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$710.60
High / Low$815.00 / $587.22
Median$726.00
Analysts22
Strong Buy4
Buy9
Hold11
Sell0
Strong Sell0

Recent rating actions

2026-04-23UBS→ Buy
2026-04-23Citigroup→ Buy
2026-04-22Morgan Stanley→ Overweight
2026-04-22BTIG→ Buy
2026-04-09Jefferies→ Hold
2026-04-02Citigroup→ Buy

Officers & Board

DirectorGraham Robinson since 2021
DirectorDavid Abney since 2020
CEOKathy J. Warden since 2019
DirectorKathy J. Warden since 2018
DirectorAnn M. Fudge since 2016
DirectorMark Welsh since 2016
DirectorJim Turley since 2015
DirectorMarianne C. Brown since 2015
DirectorWilliam Hernandez since 2013
DirectorGary Roughead since 2012
DirectorThomas Schoewe since 2011
DirectorKarl J. Krapek since 2008
DirectorMadeleine Kleiner since 2008
DirectorDonald E. Felsinger since 2007
FounderLeroy Grumman current

Material Events

DateEvent8-K
2026-07-21Earnings Release, Exhibitsread
2026-05-21Shareholder Voteread
2026-04-21Earnings Release, Exhibitsread
2026-02-13Officer / Director Change, Exhibitsread
2026-01-27Earnings Release, Exhibitsread
2025-11-06Officer / Director Change, Exhibitsread
2025-10-21Earnings Release, Exhibitsread
2025-09-02Material Agreement, Exhibitsread
2025-07-22Earnings Release, Exhibitsread
2025-05-29Material Agreement, Material Obligation…read
2025-05-28Reg FD Disclosure, Exhibitsread
2025-05-23Shareholder Voteread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders9
Top-5 share96.9%
HHI6,147 (concentrated)

Top Holders

HolderValueShares
State Street Corp$6.71B13.17M
Fidelity / FMR LLC$664.04M1.30M
Citadel Advisors$426.85M838.09K
Capital Research / Capital World$343.96M675.35K
AQR Capital Management$219.01M430.01K
Millennium Management$165.32M324.59K
Renaissance Technologies$103.58M203.38K
Bridgewater Associates$1.57M3.09K
T. Rowe Price Group$922.49K1.81M

As of 2026-06-30

Dividends

Yield (TTM)0.90%
$ / share (TTM)$4.62
5y CAGR+9.7%

Annual dividend per share

2021$6.16
2022$6.76
2023$7.34
2024$8.05
2025$8.99
2026$2.31

Federal Contracts

AmountAgencyDescription
$11.72BDepartment of DefenseGROUND-BASED STRATEGIC DETERRENT (GBSD) ENGINEERING AND MANUFACTURING DEVELOPMEN
$10.01BDepartment of Defense200506!000026!5700!FA8214!OO-ALC/PKME/LMKE !F4261098C0001 !A!N!
$8.47BDepartment of DefenseE-2D ADVANCED HAWKEYE AIRCRAFT (FRP-7)
$5.37BDepartment of DefenseE-2D ADVANCED HAWKEYE AIRCRAFT (FRP-2)
$4.43BNational Aeronautics and Space AdministrationFIRST DDT AND E, ARES I-X, AND FLIGHT TESTS. FIRST STAGE WILL BE A FIVE SEGMENT
$4.40BDepartment of Defense—
$4.35BNational Aeronautics and Space AdministrationTHE JAMES WEBB SPACE TELESCOPE (JWST) PHASE 2 OBSERVATORY CONTRACTOR SHALL BE RE
$3.23BDepartment of DefenseTAS::17 1319::TAS SYSTEM DEVELOPMENT AND DEMONSTRATION

SEC Filings

DateFormDoc
2026-08-044view
2026-07-218-Kview
2026-07-2110-Qview
2026-07-014view
2026-07-014view
2026-06-1111-Kview
2026-06-1111-Kview
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-218-Kview
2026-05-214view
2026-05-214view
2026-05-214view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$41.95B+1.6%
Operating income$4.37B+2.5%
Net income$4.17B+15.7%
Cash from ops$3.88B+3.8%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$509.10$513.23$507.01$510.52535.40K
Sep 24$514.65$518.81$508.43$508.98536.90K
Sep 23$510.46$520.80$510.07$514.42851.90K
Sep 22$527.15$529.00$505.75$509.861.00M
Sep 21$524.49$527.03$517.47$526.661.08M

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