NORTHROP GRUMMAN CORP DE

For the period ended Mar 31, 2025. Filed Apr 22, 2025.

About this filing

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, 2025 · Filed Apr 22, 2025

NOC$539.07+2.7%Stored close · as of Nov 9, 2026

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Contents

Product and Service Analysis

The following table presents product and service sales and operating costs and expenses by segment:

	Three Months Ended March 31
$ in millions	2025		2024
Segment Information:	Sales	Operating Costs and Expenses	Sales	Operating Costs and Expenses
Aeronautics Systems
Product	$2,091	$2,358	$2,285	$2,059
Service	682	601	727	649
Intersegment eliminations	41	38	32	30
Total Aeronautics Systems	2,814	2,997	3,044	2,738
Defense Systems
Product	1,405	1,262	1,303	1,200
Service	355	324	392	345
Intersegment eliminations	45	40	42	36
Total Defense Systems	1,805	1,626	1,737	1,581
Mission Systems
Product	1,961	1,730	1,861	1,605
Service	511	434	521	446
Intersegment eliminations	335	282	277	230
Total Mission Systems	2,807	2,446	2,659	2,281
Space Systems
Product	2,064	1,829	2,653	2,375
Service	399	362	391	350
Intersegment eliminations	105	94	105	94
Total Space Systems	2,568	2,285	3,149	2,819
Segment Totals
Total Product	$7,521	$7,179	$8,102	$7,239
Total Service	1,947	1,721	2,031	1,790
Total Segment(1)	$9,468	$8,900	$10,133	$9,029

(1) A reconciliation of segment operating income to total operating income is included in “Segment Operating Results.”

Product Sales and Costs

First quarter 2025 product sales decreased $581 million, or 7 percent, primarily due to the previously disclosed wind-down of work on the restricted space and NGI programs and lower sales for CRS missions, SDA satellite programs and other restricted programs at Space Systems, as well as lower sales on B-21 and other restricted programs at Aeronautics Systems. These decreases were partially offset by ramp-up on Sentinel and higher volume on certain military ammunition programs at Defense Systems as well as higher sales on the SABR program at Mission Systems.

First quarter 2025 product costs decreased $60 million, or 1 percent. The percentage decline in product costs was lower than the percentage decline in product sales largely due to the $477 million B-21 loss provision at Aeronautics Systems.

Service Sales and Costs

First quarter 2025 service sales decreased $84 million, or 4 percent, primarily due to lower restricted sales at Aeronautics Systems, as well as lower volume on the KC-30 program and completion of certain training programs at Defense Systems.

First quarter 2025 service costs decreased $69 million, or 4 percent, consistent with the lower service sales described above.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.