Northrop Grumman Corp

Company facts

Industry

Search, Detection, Navigation, Guidance, Aeronautical Sys

Headquarters

Falls Church, Virginia

Most recent report

10-Q, filed Oct 20, 2026

Incorporated

N/A

Filings on record

1,001+ filings

On EDGAR

CIK 1133421

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 0 positive, 4 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Notes reveal major risks: B-21 losses, DCMA dispute, tax swings, debt paydown.
  Notable

  • Large unfavorable EAC adjustments in Q2 2026: $91M on GEM 63XL and $68M on SiAW.
  • Backlog reached $109.6B as of Sep 30, 2026; 35% expected as revenue in 12 months.
  • No share repurchases in Q3 2026 despite $2.5B remaining under Dec 2024 $3.0B authorization.
  • Current unrecognized tax benefits nearly doubled to $800M from $436M; IRS resolution progress.
  Negative

  • B-21 program still has $1.0B loss accrual as of Sep 30, 2026, included in current liabilities.
  • DCMA pension cost dispute may have a material adverse effect; outcome not estimable.

• Management's Discussion (Item 2)

  Dense operating and segment data, program risks, cash flow swing, and budget backdrop.
  Negative

  • B-21 LRIP phase still carries $2.0B in cumulative losses; outcome could materially affect results.

What changed: Sep 2026 vs. Jun 2026

About 8% of NOC's Sep 2026 10-Q is new information. 31 paragraphs were added, 118 changed, and 51 removed. Below are the most important lines SECSift identified.

• Item 2 62
• Item 1 49
• Item 6 2
• Item 4 2
• Item 5 2