Company: NOC
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001133421-25-000049
Chunk: 92

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 2
Chunk 92
---
.1 %10.8 %10.3 %

Sales 

Current Quarter

Second quarter 2025 sales decreased $356 million, or 12 percent, primarily due to wind-down of work on the restricted space and Next Generation Interceptor (NGI) programs, which reduced sales by $283 million, as well as lower volume on Space Development Agency (SDA) satellite programs due to the timing of materials.

Year to Date

Year to date 2025 sales decreased $937 million, or 15 percent, primarily due to wind-down of work on the restricted space and NGI programs, which reduced sales by $511 million, as well as decreases for SDA satellite programs, Commercial Resupply Services (CRS) missions and other restricted space programs.

Operating Income 

Current Quarter

Second quarter 2025 operating income decreased $24 million, or 8 percent, primarily due to lower sales, partially offset by a higher operating margin rate. Operating margin rate increased to 10.6 percent from 10.1 percent principally due to higher net EAC adjustments.

Year to Date

Year to date 2025 operating income decreased $71 million, or 11 percent, due to lower sales, partially offset by a higher operating margin rate. Operating margin rate increased to 10.8 percent from 10.3 percent principally due to higher net EAC adjustments.

-31-

Table of ContentsNORTHROP GRUMMAN CORPORATION                        

PRODUCT AND SERVICE ANALYSIS

The following table presents product and service sales and operating costs and expenses by segment:Three Months Ended June 30Six Months Ended June 30$ in millions2025202420252024Segment Information:SalesOperating Costs and ExpensesSalesOperating Costs and ExpensesSalesOperating Costs and ExpensesSalesOperating Costs and ExpensesAeronautics SystemsProduct$2,328 $2,109 $2,221 $2,028 $4,419 $4,467 $4,506 $4,087 Service748 649 805 692 1,430 1,250 1,532 1,341 Intersegment eliminations38 35 34 28 79 73 66 58 Total Aeronautics Systems3,114 2,793 3,060 2,748 5,928 5,790 6,104 5,486 Defense SystemsProduct1,577 1,372 1,433 1,295