Northrop Grumman

Manufacturing & Industrial aerospace cybersecurity defense lasers microelectronics sensors supply chain management

Northrop Grumman is an American global aerospace and defense technology company. The Company is made up of three business sectors: Aerospace Systems, Mission Systems, and Technology Services. Aerospace System produces aircraft, spacecraft, high-energy laser systems and microelectronics for the US and other nations. This includes surveillance and reconnaissance, protected communications, intelligence, battle management, strike operations, electronic warfare, and missile defense to Earth observation, space science, and space exploration. The Company's Mission Systems creates military radar, sensors and related products, including C4I radar systems for air defense, Airspace Management radar systems such as AMASS, and battlefield surveillance systems like the Airborne Reconnaissance Low. The Technical Services sector works on logistics solutions from modernization and sustainment, to supply chain management, training and simulation, and automated test equipment.

Revenue(FY, 2017)

$25.8 B

Market capitalization(2018-06-22)

$54.4 B

Backlog(FY, 2017)

$42.9 B

Type

Public

Falls Church, US

Founded

1939

Size (employees)

70,000 (est)+5%

Website

northropgrumman.com

Northrop Grumman was founded in 1939 and is headquartered in Falls Church, US

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Key People/Management at Northrop Grumman

Wes Bush

Chairman, Chief Executive Officer and President

Patrick Antkowiak

Corporate Vice President and Chief Technology Officer

Sid Ashworth

Corporate Vice President, Government Relations

Kenneth Bedingfield

Corporate Vice President and Chief Financial Officer

Mark Caylor

Corporate Vice President, President of Enterprise Services and Chief Strategy Officer

Sheila Cheston

Corporate Vice President and General Counsel

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Northrop Grumman Office Locations

Northrop Grumman has offices in Greater London, Madison, Charlotte, Redondo Beach and in 103 other locations

Falls Church, US (HQ)

2980 Fairview Park Dr

Herndon, US

2340 Dulles Corner Blvd

Linthicum Heights, US

1580-A W Nursery Rd

McLean, US

7575 Colshire Dr

Redondo Beach, US

Space Park, 1 Space Park Blvd

Canberra, AU

Canberra ACT 2601

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Northrop Grumman Financials and Metrics

Northrop Grumman Financials

Northrop Grumman's revenue was reported to be $25.80 b in FY, 2017 which is a 5.3% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	6.7 b
Net income (Q1, 2018)	739 m
EBIT (Q1, 2018)	854 m
Market capitalization (22-Jun-2018)	54.4 b
Closing share price (22-Jun-2018)	312.1
Cash (31-Mar-2018)	10.4 b

Northrop Grumman's current market capitalization is $54.4 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	24.7 b	24 b	23.5 b	24.5 b	25.8 b
Revenue growth, %		(3%)	(2%)	4%	5%
Cost of goods sold	19.3 b	18.4 b	17.9 b	18.7 b	19.8 b
Gross profit	5.4 b	5.6 b	5.6 b	5.8 b	6 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2018	Q1, 2018
Revenue	6 b	5.9 b	6 b	6 b	6 b	6.2 b	6.3 b	6.4 b	6.5 b	6.7 b
Revenue growth, %									(73%)
Cost of goods sold	4.5 b	4.4 b	4.5 b	4.6 b	4.6 b	4.7 b	4.8 b	4.9 b	5 b
Gross profit	1.4 b	1.5 b	1.5 b	1.4 b	1.4 b	1.5 b	1.5 b	1.5 b	1.5 b

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	5.2 b	3.9 b	2.3 b	2.5 b	11.2 b
Accounts Receivable	2.7 b	2.8 b	2.8 b	3.3 b	4 b
Prepaid Expenses	350 m	369 m	367 m	200 m	368 m
Inventories	698 m	742 m	807 m	816 m	780 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2018	Q1, 2018
Cash	2.6 b	1.9 b	1.3 b	1.3 b	1.1 b	1.1 b	1.4 b	1.4 b	1.9 b	10.4 b
Accounts Receivable	3.1 b	3.2 b	3.3 b	3.3 b	3.5 b	3.7 b	4.1 b	4.3 b	4.4 b	1.2 b
Prepaid Expenses	177 m	160 m	199 m	185 m	186 m	212 m	160 m	162 m	300 m
Inventories	818 m	856 m	856 m	898 m	973 m	797 m	933 m	1 b	1 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	2 b	2.1 b	2 b	2.2 b	2 b
Depreciation and Amortization	495 m	462 m	467 m	456 m	475 m
Inventories	101 m	(24 m)	(80 m)	(15 m)	36 m
Accounts Payable	(169 m)	(89 m)	(632 m)	198 m	539 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2018	Q1, 2018
Net Income	484 m	1 b	1.5 b	556 m	1.1 b	1.7 b	640 m	1.2 b	1.8 b	739 m
Depreciation and Amortization	99 m	216 m	329 m	103 m	209 m	322 m	104 m	211 m	322 m	122 m
Inventories	(76 m)	(117 m)	(130 m)	(89 m)	(170 m)	14 m	(117 m)	(223 m)	(191 m)
Accounts Payable	(889 m)	(870 m)	(958 m)	(364 m)	(287 m)	(292 m)	(466 m)	(310 m)	(41 m)	(590 m)

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Ratios

USD	Y, 2018
Financial Leverage	4.5 x

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Northrop Grumman Operating Metrics

Northrop Grumman's Backlog was reported to be $42.9b in FY, 2017.

	Q1, 2014	Q2, 2014	Q3, 2014	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	FY, 2016	FY, 2017
Backlog	$36.24 b	$35.56 b	$38.54 b	$38.20 b	$38.35 b	$37.02 b	$35.89 b	$35.92 b	$45.34 b	$42.88 b
Backlog Funded	$22.76 b	$22.18 b	$22.69 b	$21.37 b	$24.01 b	$22.60 b	$21.79 b	$20.75 b	$22.17 b	$22.37 b

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Northrop Grumman Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
Orbital ATK (13 k)	September 18, 2017	$7.80 b
Northrop Grumman Integrated Defence Services	February 27, 2014
M5 Network Security	June 07, 2012
Sonoma Photonics	April 01, 2009
3001 International	September 10, 2008
Xinetics	October 24, 2007
Scaled Composites	July 20, 2007
Essex Corporation	November 08, 2006
Confluent RF Systems Corp.	September 30, 2005
Integic Corporation	February 18, 2005