Northrop Grumman

Northrop Grumman (NYSE: NOC) is an American company that offers systems, products, and services for the space, aeronautics, defense, and cyberspace industries. In 2023, Northrop Grumman generated USD 39.3 billion in revenue.

Northrop Grumman has four reportable segments: 1) Space Systems (~35% of total revenue in 2023), which offers end-to-end mission solutions through the design, development, production, integration, and operation of space, launch, missile defense, and strategic missile systems; 2) Aeronautics Systems (~27%), which is involved in the design, development, integration, production, modernization, and sustainment of military aircraft systems; 3) Mission Systems (~25%), which provides multifunction systems and advanced mission solutions; and 4) Defense Systems (~13%), which is involved in the design, development, production, and integration of advanced tactical weapons and missile defense solutions.

Northrop Grumman’s geographical market is spread across four regions: US (~88% of total revenue in 2023), Europe (~6%), Asia/Pacific (~4%), and All Other (~2%). The company expects total revenue in 2024 to range between USD 40.8 billion and USD 41.2 billion, with operating income at USD 4.2 billion and USD 4.3 billion (USD 2.5 billion in 2023). It plans to achieve net-zero greenhouse gas emissions in its operations by 2035 and source 50% of its electricity requirement from renewable sources by 2030.