NORTHROP GRUMMAN CORP DE
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
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Backlog
Backlog consisted of the following as of September 30, 2024 and December 31, 2023:
| September 30, 2024 · December 31, 2023 | |||||
|---|---|---|---|---|---|
| $ in millions | Funded | Unfunded | TotalBacklog | TotalBacklog | % Change in 2024 |
| Aeronautics Systems | $10,018 | $8,541 | $18,559 | $19,583 | (5)% |
| Defense Systems | 10,171 | 17,398 | 27,569 | 20,198 | 36% |
| Mission Systems | 11,625 | 5,256 | 16,881 | 16,108 | 5% |
| Space Systems | 7,854 | 13,937 | 21,791 | 28,341 | (23)% |
| Total backlog | $39,668 | $45,132 | $84,800 | $84,230 | 1% |
Third quarter and year to date 2024 net awards totaled $11.7 billion and $33.3 billion, respectively, and backlog totaled $84.8 billion. Significant third quarter new awards include $2.7 billion for restricted programs (primarily at Mission Systems, Aeronautics Systems, and Space Systems), $1.6 billion for E-2 and $0.7 billion for certain military ammunition programs.
During the first quarter of 2024, the company reduced unfunded backlog by $1.6 billion related to a termination for convenience in our restricted space business.
During the second quarter of 2024, the company reduced unfunded backlog by $0.7 billion related to a termination for convenience on the Next Generation Interceptor (NGI) program at Space Systems.
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