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NORTHROP GRUMMAN CORP /DE/

For the period ended Dec 31, 2025. Filed Jan 27, 2026.

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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

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Product and Service Analysis

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

$ in millions202520242023
Segment Information:SalesOperating Costs and ExpensesSalesOperating Costs and ExpensesSalesOperating Costs and Expenses
Aeronautics Systems
Product$9,723$9,340$9,211$8,383$8,280$9,053
Service3,1022,6873,0532,6582,7452,399
Intersegment eliminations167152132119139128
Total Aeronautics Systems12,99212,17912,39611,16011,16411,580
Defense Systems
Product6,3675,6825,6965,1695,1594,708
Service1,4251,2631,5321,3651,8751,659
Intersegment eliminations210186171149151134
Total Defense Systems8,0027,1317,3996,6837,1856,501
Mission Systems
Product8,8547,6088,0767,0007,7496,669
Service2,2181,8612,1461,8052,0921,730
Intersegment eliminations1,4341,2101,1779961,054887
Total Mission Systems12,50610,67911,3999,80110,8959,286
Space Systems
Product8,7977,8279,7438,7119,7098,844
Service1,4681,3091,5761,3981,6811,468
Intersegment eliminations506452412368483431
Total Space Systems10,7719,58811,73110,47711,87310,743
Total Product$33,741$30,457$32,726$29,263$30,897$29,274
Total Service8,2137,1208,3077,2268,3937,256
Total Segment(1)$41,954$37,577$41,033$36,489$39,290$36,530

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

Product Sales and Costs

2025 product sales increased $1.0 billion, or 3 percent, primarily due to higher sales on restricted airborne radar, marine systems and international ground-based radar programs at Mission Systems, higher volume on Sentinel, military ammunition programs and the IBCS program portfolio at Defense Systems, and higher sales on the F-35, TACAMO, E-2, and B-21 programs at Aeronautics Systems. These increases were partially offset by wind-down of work on the restricted space and NGI programs and lower volume on SDA satellite programs at Space Systems.

2025 product costs increased $1.2 billion, or 4 percent, reflecting a lower operating margin rate principally due to the $477 million loss provision recorded on the B-21 program at Aeronautics Systems in the first quarter of 2025, partially offset by higher net EAC adjustments at Defense Systems largely driven by Sentinel.

Service Sales and Costs

2025 service sales decreased $94 million, or 1 percent, primarily due to lower restricted sales at Space Systems and lower service volume at Defense Systems due to the training services divestiture, partially offset by higher restricted sales at Mission Systems and higher volume on aircraft sustainment services at Aeronautics Systems.

2025 service costs decreased $106 million, or 1 percent, consistent with the change in services 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.