News Release Contact: Cindy Anderson (Media) 571-550-1814 cindy.anderson@ngc.com • Net awards of $15.1 billion; book to bill of 1.5x • Sales increase 7 percent to $10.2 billion • Operating income increases 13 percent driven by strong performance and cost efficiencies • Diluted earnings per share increase 19 percent to $6.36 • Operating cash flow of $1.4 billion; free cash flow increases 80 percent to $1.1 billion • Company raises 2024 sales guidance to $41.0 - $41.4 billion and MTM-adjusted EPS guidance to ...

Northrop Grumman Corporation (NOC) is scheduled to report second-quarter 2024 results on Jul 25, before market open. The company delivered a four-quarter average earnings surprise of 6.09%. The strong revenue performance across each of its segments is likely to have contributed to its earnings. However, high interest expenses might have partially weighed on the bottom line. Aeronautics Systems to Boost the Top Line Higher sales volumes from restricted programs, sustainment and production contracts for F-35 ...

Core Insights - The global robotic warfare market is projected to reach US$33.6 billion in 2024, with a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034 [12] Market Drivers - Increasing geopolitical tensions and asymmetric warfare are driving the demand for robotic warfare systems, as nations seek advanced technological solutions to counter unconventional threats [2][13] - The growing need for Intelligence, Surveillance, and Reconnaissance (ISR) capabilities is propelling market growth, with robotic systems enhancing operational efficiency and decision-making [3][14] - The integration of cyber warfare and electronic warfare capabilities into robotic systems is emerging as a critical market driver, allowing for offensive and defensive operations [5] - The adoption of swarm robotics is gaining traction, providing tactical advantages through coordinated operations of multiple robotic units [6][17] - The integration of artificial intelligence in combat robots is transforming the landscape, enabling greater autonomy and efficiency in military operations [18] Market Opportunities - Expansion into new geographical markets and the launch of innovative products are critical strategies for growth in the robotic warfare market [19] - Companies can capitalize on growing procurement budgets and strategic alliances with local defense industries by customizing solutions to meet regional requirements [19] Competitive Landscape - Major players in the robotic warfare market include AeroVironment, BAE Systems, Elbit Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Rheinmetall, Textron, Thales, and Boeing, employing strategies such as mergers and acquisitions, R&D investment, and regional expansion [20]

Industry Overview - The space economy is rapidly expanding, with a current valuation of $630 billion in 2023 and projected to grow to $1.8 trillion by 2035, indicating significant investment opportunities [2]. - The sector includes applications such as satellites, launchers, and broadcast services, and supports other industries through technologies like GPS [2]. Company Insights Northrop Grumman - Northrop Grumman is a leading aerospace and defense technology company involved in space exploration and satellite technology, contributing to projects like the James Webb Space Telescope [3][8]. - The company has a strong growth outlook, driven by its participation in high-priority defense programs, including the B-21 Raider bomber and the F-35 program, which align with current defense trends [10]. Rocket Lab - Rocket Lab reported a 69% year-over-year revenue increase in Q1 2024, driven by strong demand for its satellite launch and space systems services, with $93 million generated from its Space Systems division [11]. - The company is recognized for its reliable launches using the Electron rocket and is developing the Neutron rocket to enhance payload capacity for larger missions, including crewed spaceflights [16]. Planet Labs - Planet Labs is transforming the satellite imagery sector with its constellation of Earth-imaging satellites, capitalizing on technological advancements and increasing commercial demand [13]. - The company recorded $60.4 million in revenue in Q1 2025, reflecting a 15% year-over-year growth, primarily from the government sector, with expectations of Q2 revenues between $59 million and $63 million [17].

Northrop Grumman Corp.'s (NOC) business segment, Northrop Grumman Systems, recently clinched a contract involving its E-2D Advanced Hawkeye aircraft. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA. Details of the Deal Valued at $41 million, the contract is projected to be completed by July 2030. Per the terms of the deal, Northrop will procure four E-2D rotodome spares to enhance the E-2D advance capabilities used on the E-2D Advanced Hawkeye jets. W ...

NOC's Growth Prospects Details of the Deal What's Favoring Northrop? Through its effective radar sensor and robust network-enabled capability, the Advanced Hawkeye aircraft provides critical, actionable data to joint forces and first responders. This must have prompted the Morder Intelligence firm to project a CAGR of 3.7% for the global fighter aircraft market in the 2024-2029 period. Such growth prospects should benefit Northrop as its product portfolio offers a wide range of manned and unmanned aircraft ...

FALLS CHURCH, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its second quarter 2024 financial results will be posted on its investor relations website on July 25, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website a ...

FALLS CHURCH, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its second quarter 2024 financial results will be posted on its investor relations website on July 25, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website a ...

FALLS CHURCH, Va., June 18, 2024 (GLOBE NEWSWIRE) -- Benefitting from more than three decades of strike and stealth technology innovation, the B-21 is the next evolution of the U.S. Air Force strategic bomber fleet and the world's first sixth-generation aircraft to reach the skies. The average not to exceed value for the subsequent lots is above the average unit price of the five LRIP lots. augmented reality tools allowing technicians to visualize tasks and solve problems before ever touching the plane, to ...

A major portion of the work related to this deal will be carried out in Baltimore, MD. Such advantages of the electronic warfare system make it an attractive option for the military, thereby resulting in NOC winning orders for the same, like the latest one. These developments are likely to boost the company's revenue-generation prospects from the SEWIP electronic warfare system. Impressively, Northrop has provided Naval Airborne Electronic Warfare solutions for more than 55 years and is the Airborne Electro ...