Financial Data and Key Metrics Changes - The company reported second quarter sales of $10.4 billion, a 1% increase year over year and a 9% increase sequentially from Q1 [17] - Diluted earnings per share (EPS) for Q2 was $8.15, reflecting a 28% increase compared to the same quarter in 2024, driven by higher sales and improved segment performance [22] - Segment operating margin improved to 11.8%, up 100 basis points year over year [19] Business Line Data and Key Metrics Changes - Aeronautics segment sales increased by 2% year over year, driven by higher volume on the B-21 and TACMO programs [18] - Defense Systems (DS) sales grew by 7% on a GAAP basis, with a 9% increase on an organic basis, primarily due to the Sentinel program and higher ammunition sales [18] - Mission Systems was the fastest-growing segment, with sales up 14% year over year, attributed to inventory liquidation and higher marine program volumes [18] - Space segment sales decreased due to the wind-down of two programs, reflecting a $283 million year-over-year headwind [19] Market Data and Key Metrics Changes - International sales grew by 18% year over year and 14% year to date, indicating strong demand outside the U.S. [5] - The company reported a strong international book-to-bill ratio of 1.4, suggesting robust future sales growth [49] Company Strategy and Development Direction - The company is increasing its guidance for segment operating income, EPS, and free cash flow based on strong second quarter results and a favorable outlook for the second half of the year [4] - Significant investments in defense capabilities are being made by the U.S. and allies, with a combined 22% increase in procurement and RDT&E over fiscal year 2025 [5] - The company is focusing on air and missile defense as a key growth area, with products like IDCS and GPI positioned for global demand [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential, supported by a strong backlog and increasing demand for defense products [4] - The company anticipates continued growth in the second half of the year, driven by franchise programs and operational seasonality [4] - Management highlighted the importance of speed in bringing technology to market and the need for ongoing capital investments to meet customer demand [13] Other Important Information - The company plans to return approximately 100% of its free cash flow to shareholders through dividends and share repurchases, with a 12% increase in quarterly dividends announced [16] - The company has invested $1 billion over the past six years to improve capacity in solid rocket motors, expecting to increase production from 13,000 units to 25,000 by 2029 [14][15] Q&A Session Summary Question: Explanation for small guidance increase despite strong margins - Management explained that while operational performance was strong, changes in tax reform increased the effective tax rate, offsetting some of the positive momentum [38] Question: Impact of FY '26 budget on revenues and earnings for B-21 and Sentinel - Management indicated that significant funding increases for B-21 and Sentinel would provide tailwinds going into 2026, with expenditures expected to begin as early as this year [40] Question: Details on international business growth - Management noted an 18% growth in international sales and a strong backlog, with expectations for continued growth driven by NATO commitments to increase defense spending [49] Question: Clarification on Sentinel program progress - Management highlighted substantial progress on the Sentinel program, with work resumed on the command and launch segment, improving the outlook for meeting milestones [51] Question: Growth outlook for Space Systems - Management expressed optimism for growth in the Space segment, driven by expected increases in budgets and opportunities related to the Golden Dome initiative [59] Question: Contracting environment under the new administration - Management noted improvements in contracting terms and conditions, emphasizing the administration's focus on speed and breaking down barriers [96]

美国军工企业 诺斯罗普格鲁曼大涨超9%，公司Q2营收、 每股收益均超预期，CEO称与美国空军达成 新协议。 ...

July 22, 2025 Forward-Looking Statements Second Quarter 2025 Conference Call Kathy Warden Chair, Chief Executive Officer and President Ken Crews Corporate Vice President and Chief Financial Officer This presentation and the information we are incorporating by reference, and statements to be made on the earnings conference call, contain or may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "will," "expe ...

Northrop Grumman (NOC) came out with quarterly earnings of $7.11 per share, beating the Zacks Consensus Estimate of $6.71 per share. This compares to earnings of $6.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.96%. A quarter ago, it was expected that this defense contractor would post earnings of $6.21 per share when it actually produced earnings of $6.06, delivering a surprise of -2.42%.Over the last four quarters, t ...

Morgan Brennan has uh the defense names on the move this morning after earnings. Dom Chu has some other key names to watch. Morgan, we'll start with you.All right, good morning, Andrew. Well, it's a mixed picture for defense today as those earnings get underway. North of Grman higher on a beat and a raise.The B2 bomber maker getting a boost from its Sentinel ballistic missile and B21 bomber programs. RTX though, that was lower down about 2% here in pre-market after trimming fullear profit guidance. higher c ...

Financial Performance - Northrop Grumman raised its earnings guidance for the full year [1] Program Updates - Sentinel ballistic missile program provided a boost [1] - B-21 bomber program contributed to the positive performance [1]

Core Viewpoint - Northrop Grumman Corporation has released its second quarter 2025 financial results, indicating ongoing performance in the aerospace and defense sector [1]. Financial Results - The financial results for the second quarter of 2025 have been made available through the company's Form 8-K filing and on its investor relations website [1]. Earnings Conference Call - Northrop Grumman will conduct a webcast of its earnings conference call at 9:30 a.m. Eastern time, providing a platform for discussing the financial results [2]. Company Overview - Northrop Grumman is recognized as a leading global aerospace and defense technology company, focusing on providing innovative solutions to meet customer needs and advance human exploration [3].

Exhibit 99 News Release Contact: Kate Mauss (Media) 410-832-6792 katherine.mauss@ngc.com Todd Ernst (Investors) 703-280-4535 todd.ernst@ngc.com Northrop Grumman Reports Second Quarter 2025 Financial Results FALLS CHURCH, Va. – July 22, 2025 – Northrop Grumman Corporation (NYSE: NOC) reported second quarter 2025 sales increased 1 percent to $10.4 billion, as compared with $10.2 billion in the second quarter of 2024. Second quarter 2025 net earnings totaled $1.2 billion, or $8.15 per diluted share, as compare ...

Group 1 - Northrop Grumman Corporation is set to release its second-quarter earnings results on July 22, with expected earnings of $6.68 per share, an increase from $6.36 per share in the same period last year [1] - The company is projected to report quarterly revenue of $10.15 billion, slightly down from $10.22 billion a year earlier [1] - On May 29, Northrop Grumman issued $1 billion in new senior notes, divided into two tranches maturing in 2030 and 2035 [2] Group 2 - Northrop Grumman shares experienced a decline of 0.7%, closing at $515.29 [2] - Recent analyst ratings show a downgrade from Deutsche Bank from Buy to Hold, with a price target reduction from $580 to $542 [8] - Other analysts have maintained or adjusted their ratings and price targets, with Wells Fargo reducing its target from $547 to $525, RBC Capital from $575 to $550, and Truist Securities from $600 to $550 [8]

Three defense titans, three different flight paths — but only one may come out on top when Lockheed Martin (LMT), RTX Corp RTX, and Northrop Grumman Corp NOC report earnings Tuesday before the bell. With investors closely tracking valuation, momentum, and technicals, this aerospace earnings face-off is about to get turbulent.RTX: Flying High, Valued HigherRTX has been the surprise high-flyer. With a 47% gain over the past year and a 32% YTD rally, it's the clear momentum leader. Technically, it's flashing b ...