In its upcoming report, Northrop Grumman (NOC) is predicted by Wall Street analysts to post quarterly earnings of $5.75 per share, reflecting a decline of 23.3% compared to the same period last year. Revenues are forecasted to be $10.44 billion, representing a year-over-year increase of 4%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Northrop Grumman (NOC) . This company, which is in the Zacks Aerospace - Defense industry, shows potential for another earnings beat.This defense contractor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.47%.For the ...

JHVEPhoto Dividend growth investors have different requirements when it comes to picking stocks. While most likely want to own names that provide safe dividends, investors can differ on whether the size of the yield is also at the top of the list of important characteristics. For the investor needing a larger source of income, sub 2.0% yields may not make for an attractive investment. For those who value the health of underlying company, the lower yield may not be a dealbreaker if the business is strong. On ...

Key Points Industry/Company * **Company**: Northrop Grumman Corporation (NYSE:NOC) * **Industry**: Aerospace and defense Core Views and Arguments * **Strategy**: Northrop Grumman's strategy focuses on technology differentiation, sustainable and profitable growth, performance and execution, and efficient capital deployment. * **Backlog**: The company has reached a historic backlog of $84 billion, driven by strong demand both domestically and internationally. * **Growth**: The company expects 6.5% growth in 2023 and 4-5% growth in 2024, with a focus on space, mission systems, defense systems, and aeronautics. * **Free Cash Flow**: Northrop Grumman maintains its free cash flow guidance and expects it to grow significantly over the next few years, driven by operational improvements and non-operational factors. * **Capital Deployment**: The company plans to return at least 100% of its free cash flow to shareholders through dividends and share repurchases. Other Important Points * **Space**: The space segment is expected to grow at a slightly higher rate than the company average in 2024, driven by launch support and SDA constellations. * **Mission Systems and Defense Systems**: These segments are expected to grow in line with the company average, with opportunities in munitions and integrated air and missile defense. * **Aeronautics**: The aeronautics segment is expected to see modest growth in 2024, with opportunities in international markets. * **B-21**: The B-21 program is progressing well and is expected to enter the low rate initial production phase in the fourth quarter of 2023. * **International**: The international business is expected to grow at a rate similar to or higher than the company average, driven by opportunities in munitions, integrated air and missile defense, and aeronautics. * **Margins**: The company expects modest margin expansion in 2024, driven by operational improvements and changes in the mix of business. * **Cash Flow**: The company expects free cash flow to grow significantly over the next few years, driven by operational improvements, non-operational factors, and capital expenditure reductions.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) Delaware 80-0640649 (State or other jurisdiction of incorporation or organization ...

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Northrop Grumman Corporation (NYSE:NOC) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Todd Ernst - Vice President, Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President David Keffer - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Richard Safran - Seaport Global Partners Ron Epstein - Bank of America Merrill Lynch Kristine Liwag - Morgan Stanley Doug Harned - Bernstein Sheila Kahyaoglu - Jefferies Matt Akers ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) Delaware 80-0640649 (State or other jurisdiction of incorporation or organization) 298 ...

Northrop Grumman Corp (NYSE:NOC) 2023 Bernstein's 39th Annual Strategic Decisions Conference Call Summary Company Overview - **Company**: Northrop Grumman Corp - **Industry**: Aerospace and Defense Key Points and Arguments Financial Performance - Northrop Grumman reported a **6% year-over-year growth** in the first quarter of 2023 [3] - The company returned **$1 billion** to shareholders through an accelerated share repurchase program and dividends [3] - Projected cash flow growth is expected to exceed **20% compound annual growth rate (CAGR)** through 2025 [3] Defense Budget and Market Outlook - The defense budget is projected to grow by **over 3% year-over-year**, but this does not keep pace with inflation, leading to reduced buying power for the Department of Defense [8] - Bipartisan support for national defense is noted, with optimism for future growth in defense spending [9] - Northrop Grumman's portfolio aligns well with high-priority defense programs, including the B-21, Sentinel, and Columbia Class Submarines [11][12] Supply Chain and Labor - Labor conditions have improved, with attrition rates returning to pre-pandemic levels [4] - Supply chain challenges persist, particularly in electronics, but gradual improvements are expected [20] - The company anticipates a positive trend in supply chain resolution throughout 2023 [21] Missile Defense and Munitions - Approximately **10% of revenues** are derived from missile defense programs, which include various contracts and systems [16] - Northrop Grumman has received **$350 million** in awards related to missile defense and munitions in the first quarter [14] - The company is positioned as a key supplier in missile defense, with ongoing demand driven by international conflicts [15] B-21 Program - The B-21 program is progressing well, with expectations for first flight based on safety data [35] - Concerns regarding potential losses on LRIP contracts due to inflation have been addressed, with a range of **$0 billion to $1.2 billion** identified for potential impacts [26] - The company expects to maintain **10% operating margins** despite challenges from LRIP contracts [33] Space and Future Growth - The Space portfolio is identified as the fastest-growing area, with expected growth rates of at least **10%** in the near term [66] - Northrop Grumman's involvement in low-Earth orbit constellations is expected to drive production efficiency and margin improvements [63] - The company anticipates significant growth opportunities in space-related programs over the next decade [67] Mission Systems and International Growth - Mission Systems is highlighted as a high-margin business and a key contributor to overall growth, although it may not receive as much attention from investors [71] - International business is expected to grow at a **double-digit CAGR** over the next several years, driven by demand for missiles and munitions [78] Investment and R&D Focus - Northrop Grumman is investing **7.5% of revenue** in R&D and capital expenditures, focusing on technologies that promise returns [89] - The leadership team is committed to executing on growth strategies and capital deployment to enhance shareholder value [89] Conclusion - Northrop Grumman's outlook remains optimistic, with a strong alignment of its portfolio to U.S. national defense strategies and international demand [84] - The company is focused on executing commitments to shareholders and customers while navigating challenges in the defense landscape [89]

Northrop Grumman Corp (NYSE:NOC) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET Company Participants Todd Ernst - Corporate Vice President, Treasurer & Vice President, Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President David Keffer - Corporate Vice President & Chief Financial Officer Conference Call Participants Douglas Harned - Sanford C. Bernstein & Co. Seth Seifman - JPMorgan Chase & Co. Sheila Kahyaoglu - Jefferies Ronald Epstein - Bank of America Robert Spingarn ...