Northrop Grumman Corp. (NOC) stock — is it a good business?

Northrop Grumman Corp. (NOC) stock — is it a good business? — InspectStocks

How it makes money

Aeronautics Systems: military aircraft, including strike aircraft, surveillance aircraft and uncrewed aircraft, plus maintenance and support31%
Mission Systems: radar, sensors, secure communications, electronic warfare equipment and submarine propulsion systems28%
Space Systems: satellites, spacecraft, launch motors and missile-defense systems24%
Defense Systems: missiles, rocket motors, ammunition and air-defense command systems18%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

B-21 Raider
A long-range stealth bomber being developed and built for the United States Air Force.
Triton and Global Hawk
Uncrewed aircraft that collect surveillance information over oceans and land; customers include the United States military and allied governments.
Integrated Battle Command System (IBCS)
A system that connects air-defense sensors and weapons so military forces can coordinate how they detect and respond to threats.

Show 3 more

Missiles and solid rocket motors
Missiles, missile components and rocket motors used in air, land and sea weapons, including tactical missiles and strategic deterrent systems.
Radar and electronic warfare systems
Equipment that detects aircraft and other threats, helps crews target them, and warns or protects military forces against incoming signals and weapons.
Mission Robotic Vehicle (MRV)
A spacecraft with robotic arms designed to repair, relocate and service satellites, including by adding equipment to extend their working life.

Who buys it4

The United States government, including military departments and intelligence agencies, buys through long-term contracts; Northrop Grumman may be either the main contractor or a subcontractor.
Foreign governments and allied militaries buy aircraft, missile-defense systems, weapons and other military equipment, sometimes through sales arranged by the United States government.
The National Aeronautics and Space Administration (NASA) buys spacecraft, supplies for the International Space Station and equipment for space missions.
Commercial satellite operators and other companies can buy satellite-servicing work and specialized microelectronics.

What it stands on, and what could break it

What the business leans on

1A large share of sales comes from the United States government, so its budget, priorities and contract decisions affect the business.
2Many programs rely on long-term government contracts and funding approvals; delays or changes can affect when work proceeds.
3Production depends on suppliers, specialized materials and microelectronics, as well as employees with technical skills and security clearances.
4The company performs some programs under fixed-price contracts, where cost increases can reduce the profit earned on the work.

What could go wrong

1Reliance on the United States government means changes in defense priorities, appropriations or contract awards can affect a substantial part of the business.
2Cost growth or schedule problems on complex programs can hurt results, particularly on fixed-price work. Recent examples include production costs on the B-21 and qualification work on the Stand-in Attack Weapon.
3Supplier, material or technical problems can delay production or raise costs. The company reported a launch anomaly involving the GEM 63XL rocket motor and increased estimated costs to complete that program.

Full financial statements →

About Northrop Grumman Corp.

Northrop Grumman designs and builds military aircraft, missiles, sensors, communications equipment and spacecraft. It also maintains aircraft and provides services such as satellite resupply and support for military systems. Its main customers are United States government agencies, including the military and intelligence agencies, as well as allied governments.

Head office: Falls Church, Virginia
Founded: 1939
Employees: Approximately 95,000 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Northrop Grumman Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes Northrop Grumman is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Aerospace and Defense

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Aeronautics Systems: military aircraft, including strike aircraft, surveillance aircraft and uncrewed aircraft, plus maintenance and support31%
Mission Systems: radar, sensors, secure communications, electronic warfare equipment and submarine propulsion systems28%
Space Systems: satellites, spacecraft, launch motors and missile-defense systems24%
Defense Systems: missiles, rocket motors, ammunition and air-defense command systems18%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

B-21 Raider
A long-range stealth bomber being developed and built for the United States Air Force.
Triton and Global Hawk
Uncrewed aircraft that collect surveillance information over oceans and land; customers include the United States military and allied governments.
Integrated Battle Command System (IBCS)
A system that connects air-defense sensors and weapons so military forces can coordinate how they detect and respond to threats.

Show 3 more

Missiles and solid rocket motors
Missiles, missile components and rocket motors used in air, land and sea weapons, including tactical missiles and strategic deterrent systems.
Radar and electronic warfare systems
Equipment that detects aircraft and other threats, helps crews target them, and warns or protects military forces against incoming signals and weapons.
Mission Robotic Vehicle (MRV)
A spacecraft with robotic arms designed to repair, relocate and service satellites, including by adding equipment to extend their working life.

Who buys it4

The United States government, including military departments and intelligence agencies, buys through long-term contracts; Northrop Grumman may be either the main contractor or a subcontractor.
Foreign governments and allied militaries buy aircraft, missile-defense systems, weapons and other military equipment, sometimes through sales arranged by the United States government.
The National Aeronautics and Space Administration (NASA) buys spacecraft, supplies for the International Space Station and equipment for space missions.
Commercial satellite operators and other companies can buy satellite-servicing work and specialized microelectronics.

What it stands on, and what could break it

What the business leans on

1A large share of sales comes from the United States government, so its budget, priorities and contract decisions affect the business.
2Many programs rely on long-term government contracts and funding approvals; delays or changes can affect when work proceeds.
3Production depends on suppliers, specialized materials and microelectronics, as well as employees with technical skills and security clearances.
4The company performs some programs under fixed-price contracts, where cost increases can reduce the profit earned on the work.

What could go wrong

1Reliance on the United States government means changes in defense priorities, appropriations or contract awards can affect a substantial part of the business.
2Cost growth or schedule problems on complex programs can hurt results, particularly on fixed-price work. Recent examples include production costs on the B-21 and qualification work on the Stand-in Attack Weapon.
3Supplier, material or technical problems can delay production or raise costs. The company reported a launch anomaly involving the GEM 63XL rocket motor and increased estimated costs to complete that program.

Full financial statements →

About Northrop Grumman Corp.

Head office: Falls Church, Virginia
Founded: 1939
Employees: Approximately 95,000 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Northrop Grumman Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Northrop Grumman Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

Northrop Grumman Corp.

Growth & cash — 5 of 5

Business trend

Share price and grade over time

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Northrop Grumman Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Northrop Grumman Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

Northrop Grumman Corp.

Past performance

Growth & cash — 5 of 5

Business trend

Share price and grade over time