Northrop Grumman Corporation is a leading global aerospace and defense technology company. They deliver a broad range of products, services and solutions to U.S. and international customers, principally to the U.S. Department of Defense and intelligence community. The company is a leading provider of space systems, military aircraft, missile defense, advanced weapons and long-range fires capabilities, mission systems, networking and communications, strategic deterrence systems, and breakthrough technologies. Northrop Grumman is focused on competing and winning programs that enable continued growth, performing on commitments and affordably delivering capability their customers need.

• Employees: 101,000 (as of December 31, 2023)
• Geographic Footprint: Primarily in the U.S., with some international presence
• Headquarters: Falls Church, Virginia
• Founded: 1939
• Number of locations/facilities: 459
• Revenue: $39.29 billion (FY2023)
• Key Subsidiaries/Brands: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems

• CEO: Kathy J. Warden
• CFO: David F. Keffer
• Board Chair: Kathy J. Warden
• Other Key Executives: Mark A. Caylor (President, Mission Systems Sector), Robert J. Fleming (President, Space Systems Sector), Thomas H. Jones (President, Aeronautics Systems Sector), Roshan S. Roeder (President, Defense Systems Sector), Michael A. Hardesty (Corporate Vice President, Controller, and Chief Accounting Officer) and Kathryn G. Simpson (Corporate Vice President and General Counsel)

Key leaders have significant experience in the aerospace and defense industry.

• Annual Revenue: $39.29 billion (FY2023)
• Net Income: $2.056 billion (FY2023)
• Total Assets: $46.544 billion (as of December 31, 2023)
• Employees: 101,000 (as of December 31, 2023)
• Key Financial Highlights: 2023 sales increased 7%, operating income decreased 30%, and net earnings decreased 58% year-over-year.

Northrop Grumman provides a wide array of products and services across its four main business segments:

• Aeronautics Systems: Military aircraft systems, including strategic long-range strike aircraft, tactical fighter and air dominance aircraft, airborne battle management and command and control systems, and unmanned autonomous aircraft systems.
• Defense Systems: Advanced tactical weapons and missile defense solutions, and sustainment, modernization and training services for manned and unmanned aircraft and electronics systems.
• Mission Systems: Advanced mission solutions and multifunction systems, including C4ISR systems, radar, electro-optical/infrared (EO/IR) and acoustic sensors, electronic warfare systems, advanced communications and network systems, full spectrum cyber solutions, and maritime power, propulsion and payload launch systems.
• Space Systems: End-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems.

The company operates through four main segments:

• Aeronautics Systems: Focuses on military aircraft systems.
• Defense Systems: Focuses on tactical weapons and missile defense solutions.
• Mission Systems: Focuses on advanced mission solutions and multifunction systems.
• Space Systems: Focuses on space, missile defense, launch and strategic missile systems.

Revenue breakdown by segments is not explicitly provided in the document, but each segment derives substantial revenue from the U.S. government.

Northrop Grumman's strategy is focused on competing and winning programs that enable continued growth, performing on commitments and affordably delivering capability their customers need. They aim to meet customer needs through investments in advanced technologies, a talented workforce, and digital transformation capabilities. The company is also focused on sustainability and maintaining a strong ethical culture.

• Key strategic initiatives include digital transformation and technology investments.
• Growth drivers include continued demand for defense and aerospace products.
• Investment priorities include cybersecurity and supply chain resiliency.

Northrop Grumman operates in the highly competitive defense, intelligence, and federal civil markets. The company competes with other major defense contractors such as The Boeing Company, General Dynamics, L3Harris Technologies, Lockheed Martin, and RTX. Key industry characteristics include long operating cycles and intense competition for program opportunities.

• Market Position: Leading global aerospace and defense technology company.
• Key Competitors: The Boeing Company, General Dynamics, L3Harris Technologies, Lockheed Martin, and RTX.
• Industry Trends: Includes long operating cycles, intense competition, and a focus on affordability and digital transformation.

• Market Risks: Dependence on U.S. government spending, potential changes in government priorities, and the ability of the U.S. government to terminate contracts.
• Operational Risks: Contract cost growth, supply chain disruptions, and the ability to maintain a qualified workforce.
• Financial Risks: Changes in tax provisions, pension and postretirement benefit obligations, and the potential for impairment of goodwill and other long-lived assets.
• Regulatory Risks: Compliance with procurement laws, environmental regulations, and cybersecurity requirements.