Company: NOC
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001133421-25-000023
Chunk: 45

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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Total Space Systems2,568 2,285 3,149 2,819 Segment TotalsTotal Product$7,521 $7,179 $8,102 $7,239 Total Service1,947 1,721 2,031 1,790 Total Segment(1)$9,468 $8,900 $10,133 $9,029 

(1) A reconciliation of segment operating income to total operating income is included in “Segment Operating Results.”

Product Sales and Costs

First quarter 2025 product sales decreased $581 million, or 7 percent, primarily due to the previously disclosed wind-down of work on the restricted space and NGI programs and lower sales for CRS missions, SDA satellite programs and other restricted programs at Space Systems, as well as lower sales on B-21 and other restricted programs at Aeronautics Systems. These decreases were partially offset by ramp-up on Sentinel and higher volume on certain military ammunition programs at Defense Systems as well as higher sales on the SABR program at Mission Systems.

First quarter 2025 product costs decreased $60 million, or 1 percent. The percentage decline in product costs was lower than the percentage decline in product sales largely due to the $477 million B-21 loss provision at Aeronautics Systems.

Service Sales and Costs

First quarter 2025 service sales decreased $84 million, or 4 percent, primarily due to lower restricted sales at Aeronautics Systems, as well as lower volume on the KC-30 program and completion of certain training programs at Defense Systems.

First quarter 2025 service costs decreased $69 million, or 4 percent, consistent with the lower service sales described above.

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

BACKLOG

Backlog consisted of the following as of March 31, 2025 and December 31, 2024:

 March 31, 2025December 31, 2024$ in millionsFundedUnfundedTotalBacklogTotalBacklog% Change in 2025Aeronautics Systems$11,718 $13,736 $25,454 $25,202 1 %Defense Systems8,851 17,695 26,546 26,614 — %Mission Systems12,005 5,621 17,626 16,443 7 %Space Systems7,368 15