Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot - Moody's Global Credit Research

Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot

Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot - Moody's Global Credit Research
Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot
Published Aug 21, 2023
2 pages (605 words) — Published Aug 21, 2023
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...Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) RTX Corporation BAE SYSTEMS plc...

  
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Peer Snapshot

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Northrop Grumman Corporation
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Northrop Grumman Corporation: Key facts and statistics - 2023 - Issuer Profile – 2024/04/26 – US$ 200.00 – ...Northrop Grumman Corporation is a US-based aerospace and defense technology company. It offers its products and services to customers worldwide. These include space systems, military aircraft, missile defense, advanced weapons and long-range fire capabilities, mission systems, networking and communications, strategic deterrence systems and leading technologies, such as advanced computing, microelectronics and cyber solutions. The US government is the company's largest customer, accounting for 86% of its $39.3 billion in sales as of the year that ended on 31 December 2023. As of 31 December 2023, the company reported a total order backlog of $84.2 billion (31 December 2022: $78.7 billion). Northrop Grumman was founded in 1939 as Northrop Aircraft Incorporated. Its shares are listed on the New York Stock Exchange (ticker: NOC). As of 31 December 2023, the company's largest shareholder was State Street Corporation, which accounted for 9.4% of its total share capital....

Northrop Grumman Corporation - December 2023 (LTM): Peer Snapshot - Peer Snapshot – 2024/02/22 – US$ 750.00 – ...Baa1 Stable A2 Stable Baa2 Stable Baa1 Negative Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) RTX Corporation...

Northrop Grumman Corporation: Update to credit analysis - 2024 to see growth in revenue and free cash flow, steady metrics - Credit Opinion – 2023/11/30 – US$ 250.00 – ...Northrop Grumman has a relatively diverse portfolio of businesses serving primarily the defense industry. The company serves as the prime contractor or in a leading position on several important programs, with capabilities in aerostructures, autonomous systems, cyber, C4ISR, strike and space. The company is the prime contractor on the Ground-Based Strategic Deterrent missile system, a nuclear intercontinental ballistic missile program with potential lifetime value of about $80 billion. We expect annual US defense budgets to remain above the $800 billion level for years to come. This level of spending and the importance of Northrop's programs will support stability of operating margins and cash flow. Backlog was $83.9 billion at Sept. 30, 2023. We expect debt/EBITDA to remain near 3x through 2024. Liquidity will remain strong, even as the company repurchases about $1.5 billion of its shares annually, modestly higher than annual free cash flow in 2024....

Northrop Grumman Corporation - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/11/21 – US$ 750.00 – ...Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) RTX Corporation BAE SYSTEMS plc...

Northrop Grumman Corporation - March 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/05/24 – US$ 750.00 – ...Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) Raytheon Technologies Corporation BAE SYSTEMS plc...

Northrop Grumman Corporation: Key facts and statistics - 2022 - Issuer Profile – 2023/04/06 – US$ 200.00 – ... is a US-based aerospace and defense technology company. Its products and services include space systems, advanced aircraft, missile defense, advanced weapons and long-range firing capabilities, mission systems, networking and communications, strategic deterrence systems and advanced technologies, such as artificial intelligence, advanced computing and cyber solutions to customers worldwide. The US government is the company's largest customer, accounting for 86% of the company's $36.6 billion of sales in the year that ended 31 December 2022 (2022). As of 31 December 2022, the company reported a total order backlog of $78.7 billion. Northrop Grumman was founded in 1939 as Northrop Aircraft Incorporated. Its shares are listed on the New York Stock Exchange (ticker: NOC). As of 31 December 2022, the company's largest shareholder was State Street Corporation, with 9.3% of its total share capital....

Northrop Grumman Corporation - December 2022 (LTM): Peer Snapshot - Peer Snapshot – 2023/03/02 – US$ 750.00 – ...Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) Raytheon Technologies Corporation...

Moody's assigns Baa1 rating to new notes of Northrop Grumman Corporation - Rating Action – 2023/02/06 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Northrop Grumman Corporation - September 2022 (LTM): Peer Snapshot - Peer Snapshot – 2022/11/22 – US$ 750.00 – ...Northrop Grumman Corporation Lockheed Martin Corporation Boeing Company (The) Raytheon Technologies Corporation BAE SYSTEMS plc...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot" Aug 21, 2023. Alacra Store. May 19, 2024. <http://www.alacrastore.com/moodys-credit-research/Northrop-Grumman-Corporation-June-2023-LTM-Peer-Snapshot-PBC_1379143>
  
APA:
Moody's Global Credit Research. (). Northrop Grumman Corporation - June 2023 (LTM): Peer Snapshot Aug 21, 2023. New York, NY: Alacra Store. Retrieved May 19, 2024 from <http://www.alacrastore.com/moodys-credit-research/Northrop-Grumman-Corporation-June-2023-LTM-Peer-Snapshot-PBC_1379143>
  
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