Northrop Grumman Corp

Company facts

Industry

Search, Detection, Navigation, Guidance, Aeronautical Sys

Headquarters

Falls Church, Virginia

Most recent report

8-K, filed Aug 21, 2026

Filings on record

1,005+ filings

On EDGAR

CIK 1133421

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 6 positive, 5 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Core financials: earnings, cash flow, segment results, backlog, B-21 losses, tax rate anomalies.
  Positive

  • Backlog reached $104.7 billion as of June 30, 2026.
  • Dividend increased 7% to $2.47 per share in May 2026.
  • DOJ criminal inquiry into pension cost accounting closed with no action.
  Notable

  • B-21 loss accrual remains at $1.0 billion as of June 30, 2026.
  • No share repurchases in Q2 2026; $2.5 billion remains under authorization.
  Negative

  • Unfavorable EAC adjustments in Q2 2026: GEM 63XL $91M, SiAW $68M.
  • DCMA pension cost dispute and related CID inquiry could have material adverse effect.

• Management's Discussion (Item 2)

  Dense with program losses, backlog growth, cash burn, and tax quirks.
  Positive

  • $7.6B Sentinel award in Q2 2026; program restructure progress expands backlog.
  • Q2 2026 sales up 5% to $10.9B, driven by 13% growth at Aeronautics Systems.
  • YTD 2026 net earnings up 19% to $1.97B; diluted EPS +21% to $13.83.
  Notable

  • Q2 2026 operating income down 23% due to prior year $231M gain on training sale no longer repeating.
  • Q2 2026 ETR dropped to 6.3% from 17.7% due to remeasuring uncertain tax positions with IRS.
  • Backlog $104.7B, up 9% from year-end 2025; net awards $20B in Q2 alone.
  Negative

  • B-21 program cumulative losses ~$2.0B; company plans ~$2.5B capacity investment for improved returns.

What changed: Jun 2026 vs. Mar 2026

About 15% of NOC's Jun 2026 10-Q is new information. 57 paragraphs were added, 98 changed, and 49 removed. Below are the most important lines SECSift identified.

• Item 2 65
• Item 1 50
• Item 5 3
• Item 6 2
• Item 4 2