NORTHROP GRUMMAN Business Summary

Northrop Grumman Corporation (NOC) operates as a premier global aerospace and defense technology firm, generating the vast majority of its revenue through high-value, long-term government contracts with the U.S. Department of Defense and intelligence agencies. The company’s business is organized into four primary segments: Aeronautics Systems, which produces the B-21 Raider and F-35 fuselages; Defense Systems, focused on integrated battle command and tactical weapons; Mission Systems, providing advanced sensors and cyber solutions; and Space Systems, a high-growth unit delivering satellites for the Space Development Agency (SDA) and boosters for NASA’s SLS. For fiscal year 2026, the company has guided for total sales between $43.5 billion and $44.0 billion, supported by a record backlog of approximately $95.7 billion. Northrop Grumman competes directly with Lockheed Martin, RTX Corporation, and General Dynamics, positioning itself as the technological leader in stealth aviation and proliferated space architectures while maintaining a more focused defense-centric portfolio compared to the commercially diversified Boeing. The company is led by Chair, CEO, and President Kathy Warden, a cybersecurity and information technology veteran who has steered the firm toward digital transformation and high-end mission systems since 2019. In January 2026, John Greene assumed the role of Corporate Vice President and Chief Financial Officer, succeeding Dave Keffer to oversee the company’s disciplined capital allocation and $3.5 billion free cash flow targets. Key segment leadership includes Tom Jones (Aeronautics), Roshan Roeder (Mission Systems), and Dr. Robert Fleming (Space Systems), while Bruce Stephenson directs corporate strategy and technology. Historically, the firm traces its lineage to aviation pioneers Jack Northrop and Leroy Grumman, whose respective companies merged in 1994 to form the modern entity. The Board of Directors features significant industry and military pedigree, including former Air Force Chief of Staff Gen. Mark Welsh III and former UPS CEO David Abney, reflecting a governance structure deeply integrated with the U.S. national security apparatus.