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 March 31, 2023 (Address of principal executive offices) (Zip Code) (703) 280-2900 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 80-064064 ...

Northrop Grumman Corp. (NYSE:NOC) Citi???s 2023 Global Industrial Tech and Mobility Conference February 22, 2023 8:50 AM ET Company Participants Kathy Warden - CEO Conference Call Participants Jason Gursky - Citi Jason Gursky Okay. I think we have started the clock. I'd like to welcome everybody back to Citi's Industrials Conference down here in Miami. My name is Jason Gursky. I'm the firm's aerospace & defense analyst. And I have the pleasure today of hosting Kathy Warden, the Chief Executive Officer of No ...

Northrop Grumman Corp. Conference Call Summary Company Overview - **Company**: Northrop Grumman Corp. (NYSE:NOC) - **Event**: Cowen 44th Annual Aerospace/Defense & Industrials Conference - **Date**: February 15, 2023 - **Participants**: David Keffer (CFO), Cai Von Rumohr (Cowen and Company) Key Metrics and Financial Performance - **2022 Book-to-Bill Ratio**: 1.07, with a trailing four-year average of 1.2 [4][10] - **Organic Growth in 2022**: 3%, with a projected acceleration to 4% to 5% in 2023 [4][29] - **Headcount Growth**: 7% increase in overall company headcount in 2022, adding approximately 6,500 employees [5][23] - **Free Cash Flow**: Projected over 20% growth over the next three years, with plans to return over 100% of free cash flow to shareholders [7][61] Business Segments and Growth Drivers - **National Security Space Business**: Significant growth opportunities aligned with customer budget priorities, particularly in weapons and munitions [4][5] - **IBCS (Integrated Battle Command System)**: Key technology for integrating disparate sensor and shooter systems, with growth expected from both domestic and international markets [13][14] - **Weapons Business**: Increased demand for munitions due to global conflicts, with double-digit growth observed in Q4 2022 [15][16] Challenges and Market Conditions - **Supply Chain Disruptions**: Ongoing challenges in the supply chain, although improvements noted in Q4 2022 [25][26] - **Inflationary Pressures**: Continuous monitoring of inflation indices and gradual incorporation of inflationary factors into contracts [26][30] - **Defense Budget Outlook**: Anticipated growth in the President's budget request for 2024, following strong growth in 2023 [5][31] Future Outlook - **Revenue Growth**: Expected to accelerate from 4% to 5% in 2023, with strong demand signals domestically and internationally [29][30] - **Margin Trends**: Uncertainty in margin trends due to the mix of cost-plus and fixed-price contracts, particularly with the B-21 program [58][59] - **Cash Flow Projections**: Expected to double by 2025, with a focus on operational improvements and easing capital intensity by the middle of the decade [61][63] Strategic Initiatives - **Digital Transformation**: Ongoing efforts to digitize processes across design, development, and manufacturing to enhance efficiency and cost management [53][54] - **Vertical Integration**: Unique capabilities in semiconductor production, although not a comprehensive solution to macro chip supply issues [55][56] Conclusion - Northrop Grumman is positioned for growth in 2023 and beyond, driven by strong demand in defense and aerospace sectors, despite facing challenges related to supply chain and inflation. The company is focused on strategic initiatives to enhance operational efficiency and shareholder returns.

Northrop Grumman Corp (NYSE:NOC) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Todd Ernst - Corporate VP and Treasurer & VP, IR Kathy Warden - Chairman, CEO & President David Keffer - Corporate VP & CFO Conference Call Participants Kristine Liwag - Morgan Stanley Ronald Epstein - Bank of America Merrill Lynch Kenneth Herbert - RBC Capital Markets George Shapiro - Shapiro Research Douglas Harned - Sanford C. Bernstein & Co. Richard Safran - Seaport Research Partners Seth S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) Delaware 80-0640649 (State or other jurisdic ...

Northrop Grumman Corp. Conference Call Summary Company Overview - **Company**: Northrop Grumman Corporation (NYSE:NOC) - **Industry**: Aerospace and Defense Key Points and Arguments Financial Performance - Reported a solid third-quarter earnings with a book-to-bill ratio of 1.14, expecting to end the year well over 1, indicating strong demand and backlog growth [5][6] - Anticipates 4% to 5% sales growth for the next year, despite facing supply chain and inflation headwinds that may pressure operating margins [5][6] Demand and Backlog - Company enters the next year with nearly $80 billion in backlog, reflecting strong demand signals from customers [5] - The demand for products and services is expected to remain strong, supported by recent national defense strategy documents [6] Supply Chain Management - Northrop Grumman is actively working with suppliers to mitigate supply chain constraints, including redesigning components when necessary [8][9] - The company has invested in its own capacity to alleviate supply shortages, particularly in the weapons business [9] Strategic Focus - The strategic direction emphasizes technology leadership, aligning investments with customer priorities, and maintaining performance and cost efficiency [15][16][17] - The company is focused on capital deployment that balances customer needs and shareholder returns, committing to return 100% of free cash flow to shareholders [49] Government Budget and Defense Spending - Operating under a continuing resolution is not ideal, but the company is confident in its funding situation for key programs [19] - There is strong bipartisan support for increased defense spending, driven by heightened awareness of national security threats [22] Product Demand and Future Opportunities - Increased demand for munitions and missile defense capabilities, with specific interest in programs like IBCS [24] - Long-term demand signals are expected to stabilize, moving away from choppy demand patterns [27] Growth Projections - Anticipates continued growth in the Space business, which is expected to become the largest segment, contributing approximately $1 billion in incremental sales [56] - The B-21 program is transitioning into low-rate production, with significant excitement surrounding its rollout [34][36] Margin and Cost Management - Expecting a 20 basis point headwind on margins due to macroeconomic factors, but focusing on supply chain management and digital transformation to enhance efficiency [42][43] - The company is halfway through a five-year digital transformation plan, which is expected to provide a competitive advantage [45] Environmental, Social, and Governance (ESG) Initiatives - Northrop Grumman is committed to aggressive environmental goals, including a target for zero greenhouse gas emissions by 2035 [61] - The company is also focused on diversity, equity, and inclusion, and supporting community initiatives [61] Additional Important Content - The company owns two foundries for chip design and fabrication, allowing for long-term support of weapon systems [13] - The management emphasizes the importance of a consistent demand signal from the government to facilitate better planning and investment in the defense sector [20][27]

Northrop Grumman Corporation (NYSE:NOC) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET Company Participants Todd Ernst - Treasurer & Vice President of Investor Relations Kathy Warden - Chairman, President & Chief Executive Officer Dave Keffer - Corporate Vice President & Chief Financial Officer Conference Call Participants Doug Harned - Bernstein Ronald Epstein - Bank of America Myles Walton - Wolfe Research Kristine Liwag - Morgan Stanley Rob Stallard - Vertical Research Partners Sheila Kahya ...

or 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, 2022 ☐ 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 ...

Northrop Grumman Corp. (NYSE:NOC) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Todd Ernst - Treasurer & Vice President of Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President Dave Keffer - Chief Financial Officer Conference Call Participants Mariana Perez - Bank of America Richard Safran - Seaport Research Doug Harned - Bernstein Cai von Rumohr - Cowen Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies ...

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, 2022 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 ...