NORTHROP GRUMMAN CORP DE
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
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Backlog
Backlog consisted of the following as of March 31, 2024 and December 31, 2023:
| March 31, 2024 · December 31, 2023 | |||||
|---|---|---|---|---|---|
| $ in millions | Funded | Unfunded | TotalBacklog | TotalBacklog | % Change in 2024 |
| Aeronautics Systems | $9,212 | $9,750 | $18,962 | $19,583 | (3)% |
| Defense Systems | 6,042 | 1,709 | 7,751 | 8,064 | (4)% |
| Mission Systems | 10,838 | 4,898 | 15,736 | 16,108 | (2)% |
| Space Systems | 9,386 | 27,085 | 36,471 | 40,475 | (10)% |
| Total backlog | $35,478 | $43,442 | $78,920 | $84,230 | (6)% |
In January 2024, the company received a termination for convenience in our restricted Space business. The company reduced unfunded backlog by $1.6 billion during the first quarter of 2024 related to the termination.
New Awards
First quarter 2024 net awards totaled $6.5 billion and backlog totaled $78.9 billion. Significant first quarter new awards include $3.1 billion for restricted programs (primarily at Aeronautics Systems, Space Systems, and Mission Systems).
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