NORTHROP GRUMMAN CORP /DE/

Northrop Grumman Corporation is a leading global aerospace and defense technology company based in Falls Church, Virginia. The company was originally formed in 1939 and has since grown through a series of acquisitions, including Grumman Corporation, Westinghouse Electric Corporation, Litton Industries, Newport News Shipbuilding, TRW Inc., Orbital ATK, and the IT services divestiture. Northrop Grumman's business strategy is to deliver end-to-end mission solutions through the design, development, integration, production, and operation of space, missile defense, launch and strategic missile systems for national security, civil government, commercial, and international customers. The company is organized into four operating sectors, or reportable segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems is a leader in military aircraft systems for the U.S. Air Force, U.S. Navy, and international customers. Defense Systems provides advanced tactical weapons and missile defense solutions, as well as sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. Mission Systems focuses on advanced mission solutions and multifunction systems for the U.S. defense and intelligence community and international customers. Space Systems delivers end-to-end mission solutions through the design, development, integration, production, and operation of space, missile defense, launch, and strategic missile systems. Northrop Grumman's largest customer is the U.S. government, accounting for 86% of sales in 2023. The company competes in the defense, intelligence, and federal civil markets with companies such as Boeing, General Dynamics, L3Harris Technologies, Lockheed Martin, and RTX. The industry is characterized by long operating cycles and intense competition. The company's website is www.northropgrumman.com, and its ticker symbol is NOC.