Northrop Grumman Corp. (NOC)

Northrop Grumman's stock has experienced various movements and events in the past six months, reaching an all-time high closing price of $709.11 on February 6, 2026. The company reported higher fourth-quarter profit and revenue, with sales rising 10% to $11.7 billion, and net earnings of $1.4 billion, or $9.99 per diluted share, also reporting a record backlog of $95.7 billion. The company revised its full-year revenue guidance down due to delayed timing on certain awards and programs in Q3 2025. A quarterly dividend of $2.31 per share was declared, paid on December 17, 2025. There have been instances of insider selling.

While specific detailed seasonality for all Northrop Grumman products and services is not explicitly outlined, the company has noted a "seasonal pattern" for cash generation in the fourth quarter. Demand for Northrop Grumman's products and services is currently strong and anticipated to continue growing in 2026 and beyond, driven by a global appetite for its technology. International sales also saw significant growth in 2025, indicating a consistent demand influenced by global defense needs and geopolitical tensions. The company's backlog reaching a record $95.7 billion also suggests sustained demand.

Northrop Grumman Corporation (NOC) is an American aerospace and defense technology company operating within the Electronic Technology sector and the Aerospace & Defense industry. The company is structured into four primary segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems focuses on military aircraft, autonomous systems, aerospace structures, and next-generation surveillance and strike solutions, including programs like the B-21 Raider and fuselages for the F-35 Lightning II. Defense Systems provides solutions for weapons systems, global battle management, readiness, and strategic deterrence. Mission Systems is a technology leader in cyber-secure systems for defense and intelligence applications, offering advanced mission solutions and multifunction systems. Space Systems delivers end-to-end mission solutions through the design, development, integration, production, and operation of space, missile defense, launch, and strategic missile systems.

Northrop Grumman maintains a significant global presence with operations and offices across North America, Europe, Asia-Pacific, and the Middle East. The company supports international customers with advanced defense and aerospace solutions, establishes strategic local partnerships, provides in-country sustainment and logistics services, and engages in collaborative research and development. The majority of its revenue is generated in the United States, which accounted for 87.81% of its total revenue in fiscal year 2024. Europe and Asia-Pacific also represent notable portions of its international revenue.

Northrop Grumman's brand reputation has been influenced by its role in global defense and some specific events. Protests related to the Gaza war occurred due to Northrop Grumman's supply of weapons to Israel. Disappointing Q1 2025 earnings were partly attributed to B-21 bomber cost overruns. Strong sales in its aeronautics business and overall higher quarterly profit have been fueled by heightened geopolitical uncertainty and robust demand for arms.

Northrop Grumman's stock ownership is primarily held by institutional investors, who own approximately 52.58% to 84.4% of the company's stock. Individual insiders hold a smaller percentage, around 0.158% to 0.23%, while the general public and individual investors account for about 15.4% to 47.22%. Major institutional shareholders include Vanguard Group Inc., State Street Corp., Capital International Investors, and BlackRock, Inc.