Company: NOC
Filing Date: 2025-05-27
Form Type: 424B5
Source: 0001193125-25-126289
Chunk: 50

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-05-27
Form: 424B5
Chunk 50
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 board of directors determines the plant or facility is not of material importance to our total business and the business of our restricted subsidiaries. This limitation is subject to exceptions. We may encumber our assets without equally and ratably securing the debt securities if the encumbrance is a permitted lien, without regard to the amount of debt secured by the encumbrance. We may also encumber assets if the amount of all of our debt and the debt of our restricted subsidiaries secured by encumbrances on any principal property, or any stock or indebtedness of any restricted subsidiary, other than the permitted liens, does not exceed the greater of $1,000,000,000 or 10% of our consolidated net tangible assets. Consolidated net tangible assets means our total assets, including the assets of our subsidiaries, as reflected in our most recent balance sheet, less current liabilities (other than the current portion of debt and capital leases, notes and loans payable and deferred income taxes), goodwill, patents and trademarks and unamortized debt discount. Permitted liens include:

| • |     | liens on a corporation’s property, stock or indebtedness at the time it becomes a restricted subsidiary; |

| • |     | liens on property at the time we or a restricted subsidiary acquires the property; |

| • |     | liens securing debt owing by a restricted subsidiary to us or another of our restricted subsidiaries; |

| • |     | liens existing at the time the indenture became effective; |

| • |     | liens on property of an entity at the time it is merged into or consolidated with us or a restricted subsidiary 
 or at the time we or any restricted subsidiary acquires all or substantially all of the assets of the entity;   |

| • |     | liens in favor of any governmental customer to secure payments or performance pursuant to any contract or                                          
 statute, or to secure indebtedness we incur or guarantee with respect to the acquisition or construction of the property subject to the liens; and |

| • |     | any renewal, extension or replacement for any lien permitted by one of the exceptions described above. (Section 
 1009)                                                                                                           |

Limitations on Sale Leaseback Arrangements. The indenture also restricts our ability and the ability of any of our restricted subsidiaries to enter into sale-leaseback transactions with respect to any principal property. A sale-leaseback transaction is permitted if we or the restricted subsidiary would be permitted to incur indebtedness