Northrop Grumman is great at building military airplanes. So why does it want to go back to doing something it's not as good at? Thirteen years ago, military aerospace and shipbuilding giant Northrop Grumman (NOC -0.10%) made the strategic decision to jettison its shipbuilding unit and focus its business on aerospace instead. At the time of the spinoff, the rejected unit, Huntington Ingalls (HII -0.22%), was valued at approximately $2.5 billion in market capitalization, leaving the rest of Northrop Grumman ...

Northrop Grumman Corp. (NOC) recently announced that its board of directors approved a 10% hike in its quarterly dividend to $2.06 per share, marking the 21st consecutive annual dividend hike. The revised quarterly dividend is payable on Jun 10, 2024, to shareholders of record at the close of business on May 28. Following the recent hike, Northrop will now pay out an annual dividend of $8.24 per share. This represents an annual dividend yield of 1.75% based on its share price worth $470.69 as of May 15. NOC ...

FALLS CHURCH, Va., May 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable June 12, 2024, to shareholders of record as of the close of business May 28, 2024. "Northrop Grumman's capital deployment strategy is designed to create value for customers and shareholders alike," said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. "The investments we've ...

FALLS CHURCH, Va., May 14, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announces that Dave Keffer, corporate vice president and chief financial officer, has announced his intent to retire, effective February 21, 2025, to spend more time with family. In addition, Mark Caylor, corporate vice president and president of Mission Systems, has announced his intent to retire, effective July 26, 2024. The board of directors has elected Kenneth B. Crews, vice president of business management and ...

Matthis Arrivet In November 2023, I covered Northrop Grumman Corporation (NYSE:NOC) stock, assigning it a Hold rating as I believed the stock was fairly valued. That call seems to have been about right given that the stock returned less than 2% while the S&P 500 (SP500) returned nearly 22%. In this report, I will discuss why shares have underperformed, analyze the most recent results, and assess whether the stock is any more compelling today to warrant a Buy rating. B-21 Stealth Bomber Is Seeing Increasing ...

Northrop Grumman (NOC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this defense contractor have returned +4%, compared to the Zacks S&P 500 composite's -4.1% change. During this period, the Zacks Aerospace - Defense industry, which Northrop Grumman falls in, has lost 9.2%. The key question now is: What could be the stock's future direction? Wh ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 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 (I.R.S. Employer incorporation or ...

财务数据和关键指标变化 - 第一季度销售额增长9%至101亿美元,所有四个业务部门均实现增长 [24] - 营业利润增长10%至11亿美元,营业利润率为10.9% [26] - 每股收益增长15%至6.32美元,主要得益于强劲的业务增长和股票回购 [30] 各条业务线数据和关键指标变化 - 航空系统销售额增长18%,主要受益于B-21和F-35等成熟生产项目的增长 [24] - 防务系统销售额增长3%,主要受益于武器业务的增长,但被国际培训项目的下降所抵消 [24] - 任务系统销售额增长4%,主要受益于先进微电子项目的快速增长,但被SABR项目的下降所抵消 [24] - 航天系统销售额增长9%,整个业务组合均实现广泛增长,包括SDA运输层项目 [24] 各个市场数据和关键指标变化 - 国内市场:2024财年国防预算增长6%,为公司主要项目提供支持 [7] - 国际市场:波兰签署IBCS产品线的采购合同,IBCS国际管线约100亿美元 [9][10] - 国际市场:多个国家正在考虑购买公司的IVEWS电子战产品,有望成为新的数十亿美元产品线 [10] - 国际市场:澳大利亚预计今年接收首架Triton无人机,北约也有扩大海上监视能力的需求 [11] 公司战略和发展方向及行业竞争 - 公司持续投资以保持技术领先地位,包括在微电子和先进电子设施方面的投资 [13][15] - 公司专注于提高运营效率和降低成本,如完成重大ERP系统升级 [16][17] - 公司在航天业务方面专注于交付关键能力,执行大量积压订单,并努力提高收益 [19][20] - 公司将继续投资于满足客户需求的能力,同时有效回报股东,实现长期价值创造 [21] 管理层对经营环境和未来前景的评论 - 公司对2024年及以后的长期前景保持乐观,国内外需求持续旺盛 [7][8] - 尽管短期内美国国防预算增速可能放缓,但公司看好国际市场的增长机会 [94][95] - 公司将继续投资于满足客户需求的能力,同时有效回报股东,实现长期价值创造 [21] 问答环节重要的提问和回答 问题1 **Ronald Epstein 提问** 询问公司在95亿美元的补充拨款中的获益情况 [43] **Kathy Warden 回答** 公司在武器系统、固体火箭发动机等领域将从该补充拨款中获益,有助于满足不断增长的需求 [44] 问题2 **Douglas Harned 提问** 询问各业务部门的订单情况及未来走势 [49] **Kathy Warden 回答** 公司预计全年整体订单增长接近1倍,其中任务系统、防务系统和航空系统将超过1倍,航天系统将低于1倍 [50][51] 问题3 **Kristine Liwag 提问** 询问B-21项目成本变化对项目经济性的影响 [56][57] **Kathy Warden 回答** 项目成本变化不影响项目经济性,只是反映了从独立成本估算过渡到实际合同价值的过程 [59]

Northrop Grumman Corporation (NOC) reported first-quarter 2024 earnings of $6.32 per share, which beat the Zacks Consensus Estimate of $5.83 by 8.4%. The bottom line increased 15% from $5.50 recorded in the year-ago quarter. The year-over-year improvement can be attributed to an increase in operating income, as well as an increase in the non-operating FAS pension benefit. Total Sales NOC’s total sales of $10.13 billion beat the Zacks Consensus Estimate of $9.78 billion by 3.6%. The top line also increased 8 ...

财报表现 - Northrop Grumman（NOC）发布的季度每股收益为6.32美元，超过了Zacks Consensus Estimate的5.83美元[1] - 公司在过去四个季度中四次超过了市场预期的每股收益[2] - Northrop Grumman在2024年3月结束的季度实现了101.3亿美元的营收，超过了Zacks Consensus Estimate的3.56%[3] 股价表现 - 公司的股价表现略逊于标普500指数，今年以来仅增长了1.4%[5] 投资建议 - 投资者应关注公司未来季度和本财年的盈利预期变化[9]