Northrop Grumman Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research

Northrop Grumman Corporation: Key facts and statistics - 2023

Northrop Grumman Corporation: Key facts and statistics - 2023 - Moody's Global Credit Research
Northrop Grumman Corporation: Key facts and statistics - 2023
Published Apr 26, 2024
11 pages (4487 words) — Published Apr 26, 2024
Price US$ 200.00  |  Buy this Report Now

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Brief Excerpt:

...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....

  
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Issuer Profile

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Northrop Grumman Corporation
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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 - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/21 – 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...

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MLA:
Moody's Global Credit Research. "Northrop Grumman Corporation: Key facts and statistics - 2023" Apr 26, 2024. Alacra Store. May 06, 2024. <http://www.alacrastore.com/moodys-credit-research/Northrop-Grumman-Corporation-Key-facts-and-statistics-2023-PBC_1404252>
  
APA:
Moody's Global Credit Research. (). Northrop Grumman Corporation: Key facts and statistics - 2023 Apr 26, 2024. New York, NY: Alacra Store. Retrieved May 06, 2024 from <http://www.alacrastore.com/moodys-credit-research/Northrop-Grumman-Corporation-Key-facts-and-statistics-2023-PBC_1404252>
  
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