Company: NOC
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001133421-25-000023
Chunk: 76

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 2
Chunk 76
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 $228 million, as well as decreases for Commercial Resupply Services (CRS) missions, Space Development Agency (SDA) satellite programs and other restricted space programs.

Operating Income 

First quarter 2025 operating income decreased $47 million, or 14 percent, due to lower sales, partially offset by a higher operating margin rate. Operating margin rate increased to 11.0 percent from 10.5 percent principally due to higher net EAC adjustments.

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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 March 31$ in millions20252024Segment Information:SalesOperating Costs and ExpensesSalesOperating Costs and ExpensesAeronautics SystemsProduct$2,091 $2,358 $2,285 $2,059 Service682 601 727 649 Intersegment eliminations41 38 32 30 Total Aeronautics Systems2,814 2,997 3,044 2,738 Defense SystemsProduct1,405 1,262 1,303 1,200 Service355 324 392 345 Intersegment eliminations 45 40 42 36 Total Defense Systems1,805 1,626 1,737 1,581 Mission SystemsProduct1,961 1,730 1,861 1,605 Service511 434 521 446 Intersegment eliminations335 282 277 230 Total Mission Systems2,807 2,446 2,659 2,281 Space SystemsProduct2,064 1,829 2,653 2,375 Service399 362 391 350 Intersegment eliminations105 94 105 94 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