NORTHROP GRUMMAN CORP /DE/
For the period ended Dec 31, 2025. Filed Jan 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jan 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Backlog
Backlog represents the future sales we expect to recognize on firm orders received by the company and is equivalent to the company’s remaining performance obligations at the end of each period. It comprises both funded backlog
-37-
(firm orders for which funding is authorized and appropriated) and unfunded backlog. Unexercised contract options and indefinite delivery indefinite quantity (IDIQ) contracts are not included in backlog until the time the option or IDIQ task order is exercised or awarded. Backlog is converted into sales as costs are incurred or deliveries are made.
Backlog consisted of the following at December 31, 2025 and 2024:
| 2025 · 2024 | |||||
|---|---|---|---|---|---|
| $ in millions | Funded | Unfunded | TotalBacklog | TotalBacklog | % Change in 2025 |
| Aeronautics Systems | $12,585 | $10,467 | $23,052 | $25,202 | (9)% |
| Defense Systems | 8,610 | 19,186 | 27,796 | 26,614 | 4% |
| Mission Systems | 13,251 | 5,381 | 18,632 | 16,443 | 13% |
| Space Systems | 9,083 | 17,118 | 26,201 | 23,209 | 13% |
| Total backlog | $43,529 | $52,152 | $95,681 | $91,468 | 5% |
2025 net awards totaled $46.3 billion. Significant 2025 new awards include $14.8 billion for restricted programs (primarily at Aeronautics Systems, Space Systems, and Mission Systems), $3.3 billion for F-35 (at Mission Systems and Aeronautics Systems), $2.5 billion for GEM 63, $1.8 billion for GWS, and $1.3 billion for Virginia Class submarines.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.