Aerospace and defense supplier Northrop Grumman posted higher fourth-quarter profit and revenue on Tuesday, helped by strong sales in its aeronautics business amid heightened geopolitical uncertainty. ...

Sales Performance - Fourth quarter 2025 sales increased 10% to $11.7 billion, compared to $10.7 billion in Q4 2024[2] - Full-year 2025 sales rose 2% to $42.0 billion, up from $41.0 billion in 2024, with organic sales increasing 3% to $41.8 billion[2][3] - Fourth quarter 2025 sales increased by $591 million, or 18 percent, primarily due to a $274 million increase on the F-35 program and a $153 million increase on the E-130J TACAMO program [22] - Total sales for 2025 reached $41,954 million, an increase from $41,033 million in 2024 and $39,290 million in 2023[57] Earnings and Profitability - Fourth quarter 2025 net earnings were $1.4 billion, or $9.99 per diluted share, while full-year net earnings were $4.2 billion, or $29.08 per diluted share[2][3] - 2025 net earnings were comparable to the prior year, reflecting a $141 million increase in operating income, partially offset by a $115 million decrease in non-operating FAS pension benefit [16] - Net earnings for 2025 were $4,182 million, compared to $4,174 million in 2024 and $2,056 million in 2023[57] - Basic earnings per share for 2025 were $29.14, up from $28.39 in 2024 and $13.57 in 2023[57] Operating Income and Margins - Operating income for Q4 2025 increased 17% to $1.3 billion, with an operating margin rate of 10.9%[3] - Segment operating income for Q4 2025 increased 10%, with a segment operating margin rate of 11.2%[3][9] - Fourth quarter 2025 operating margin rate for Aeronautics Systems was 9.4 percent, comparable to the prior year, while the overall segment operating margin rate was 11.2 percent [1] - Fourth quarter 2025 operating income for Mission Systems increased by $41 million, or 9 percent, with an operating margin rate of 14.8 percent [36] - Fourth quarter 2025 operating income for Space Systems increased by $47 million, or 17 percent, with an operating margin rate of 11.3 percent [41] Cash Flow and Capital Expenditures - Operating cash flow for 2025 was $4.8 billion, with free cash flow of $3.3 billion[3] - Fourth quarter 2025 free cash flow increased by $1.5 billion, or 84 percent, driven by higher net cash from operating activities and lower capital expenditures [17] - Capital expenditures for 2025 were $1,450 million, down from $1,767 million in 2024[63] - Free cash flow for 2025 was calculated as net cash provided by operating activities minus capital expenditures, indicating strong cash performance[77] Backlog and Future Projections - The backlog reached a record $95.7 billion, driven by a full-year book-to-bill ratio of 1.10[3] - Total backlog as of the end of 2025 was $95.7 billion, with significant new awards including $4.0 billion for restricted programs and $1.3 billion for F-35 [18] - The company projects mid-single digit sales growth for 2026, supported by a strong backlog[3] - The company projects 2026 sales between $43,500 million and $44,000 million, with segment operating income expected to be between $4,850 million and $5,000 million[46] Tax and Shares - The effective income tax rate for 2025 was 17.5%, compared to 16.8% in 2024[6] - The weighted-average diluted shares outstanding decreased to 142.9 million in 2025 from 145.9 million in 2024[71] Assets and Debt - Total assets increased to $51,377 million in 2025 from $49,359 million in 2024[60] - Net proceeds from the issuance of long-term debt in 2025 were $998 million, a decrease from $2,495 million in 2024[63] - Cash and cash equivalents at the end of 2025 were $4,403 million, up from $4,353 million at the end of 2024[63]

Northrop Grumman Corporation (NYSE:NOC) will release earnings for the fourth quarter before the opening bell on Tuesday, Jan. 27.Analysts expect the Falls Church, Virginia-based company to report fourth-quarter earnings of $6.96 per share. That's up from $6.39 per share in the year-ago period. The consensus estimate for Northrop Grumman’s quarterly revenue is $11.62 billion (it reported $10.69 billion last year), according to Benzinga Pro.On Nov. 6, Northrop Grumman announced that it has elected John Greene ...

Northrop Grumman Corporation (NYSE:NOC) will release earnings for the fourth quarter before the opening bell on Tuesday, Jan. 27.Analysts expect the Falls Church, Virginia-based company to report fourth-quarter earnings of $6.96 per share. That's up from $6.39 per share in the year-ago period. The consensus estimate for Northrop Grumman’s quarterly revenue is $11.62 billion (it reported $10.69 billion last year), according to Benzinga Pro.On Nov. 6, Northrop Grumman announced that it has elected John Greene ...

（来源：中国航空报） 1月8日，诺斯罗普·格鲁门公司宣布，已赢得美国海军陆战队空地特遣部队无人远征战术飞机（MUX TACAIR）协同作战飞机（CCA）合同，将与克拉托斯 防务公司合作，交付一款专为美国海军陆战队定制的XQ58"女武神"无人机。该合同以其他交易协议（OTA）的形式签订，价值约2.315亿美元。此次合同标 志着美军采购模式正从传统的、以需求为导向的采购方式，转向快速原型开发、作战试验以及追求近期实战应用。 根据协议，诺斯罗普·格鲁门公司将提供任务系统集成及其开放式架构的"棱镜"（Prism）自主软件，而克拉托斯公司将提供一款适用于海军陆战队远征作战 且可扩展生产的XQ-58无人机。两家公司都强调，这项工作并非技术演示，而是通往可实际应用的无人作战航空器的途径，以符合美国海军陆战队在对抗环 境中作战的预期。 采用其他交易协议体现了美国战争部在无人作战飞机等新兴能力领域日益重视速度和灵活性。MUX TACAIR CCA项目并非一开始就将工业界和美海军陆战 队束缚在一套僵化的规范中，而是通过与海军陆战队的互动试验逐步完善，使战术、载荷和自主行为能够随着作战概念的演进而不断发展。 对美海军陆战队而言，时 ...

The impact of these initiatives was, again, evident this quarter at AS, where execution was outstanding. The mature production portion of AS' portfolio comprises more than half of its overall revenue, and it continues to perform very well. The B21 program has also made solid progress in achieving ground and flight testing milestones on the development contract and is continuing to execute the aircraft production contract in line with our estimates. This is our third quarter in a row of 10% or better margins ...

U.S. Southern Command confirmed a deadly maritime strike against a suspected drug-trafficking vessel in the eastern Pacific Ocean.The operation marked the first publicly acknowledged attack since U.S. forces captured Venezuelan leader Nicolás Maduro earlier this month.Military officials said in a post on X, “On Jan. 23, at the direction of @SecWar Pete Hegseth, Joint Task Force Southern Spear conducted a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations. Intelligence confirmed ...

The upcoming report from Northrop Grumman (NOC) is expected to reveal quarterly earnings of $7.00 per share, indicating an increase of 9.6% compared to the year-ago period. Analysts forecast revenues of $11.62 billion, representing an increase of 8.7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a co ...

Core Viewpoint - Northrop Grumman Corporation (NOC) is expected to report strong fourth-quarter 2025 results, benefiting from solid execution across its business segments and resilient defense demand [1][2]. Group 1: Q4 Performance Expectations - NOC's fourth-quarter results are anticipated to show strength due to solid performance in Aeronautics Systems, Mission Systems, and Defense Systems, particularly from the B-21 Raider and missile defense programs [3]. - The Zacks Consensus Estimate for revenues is $11.62 billion, reflecting an 8.7% year-over-year increase, while the earnings estimate is $6.99 per share, indicating a 9.4% year-over-year growth [5]. - The backlog for NOC is projected to reach $99.87 billion, up 9.2% year over year, driven by regular contract wins and improving international demand [5]. Group 2: Influencing Factors - Improved productivity and easing supply-chain constraints are likely to support fourth-quarter earnings, although higher corporate unallocated expenses and the federal tax rate may negatively impact the bottom line [4]. - The company has an Earnings ESP of +0.54%, suggesting a favorable outlook for an earnings beat [6]. Group 3: Industry Comparisons - Other industry players such as GE Aerospace and Boeing are also set to report their fourth-quarter results, with GE expected revenues of $11.26 billion (14% year-over-year growth) and Boeing projected sales of $21.74 billion (42.6% year-over-year growth) [8][10].

The artificial intelligence revolution has turned out to be one of the most important and influential trends in the market we've seen in a very long time. Indeed, since the rise of the internet, I can't think of a technology that has the potential to reshape society in terms of how we all live and work in a similar way to AI. Quick Read Trump administration’s Venezuela intervention aims to shift global oil flows and reshape energy markets. Lockheed Martin, Northrop Grumman and General Dynamics stand ...