Company: NOC
Filing Date: 2025-06-10
Form Type: 11-K
Source: 0001133421-25-000044
Chunk: 11

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-06-10
Form: 11-K
Chunk 11
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 the amount loaned. As of December 31, 2024, cash and non-cash collateral associated with securities on loan totaled $603 million and $91 million, respectively. As of December 31, 2023, cash and non-cash collateral associated with securities on loan totaled $284 million and $57 million, respectively. All collateral primarily consists of fixed-income securities. All of the securities on loan are collateralized at more than 102 percent.

#### 7. EXEMPT PARTY-IN-INTEREST TRANSACTIONS
Party-in-interest transactions through the DC Master Trust include the purchase and sale of investments managed by affiliates of the Plan's Trustee and transactions involving Northrop Grumman Corporation common stock. The NG Stock Fund within the DC Master Trust held 7.7 million and 8.4 million shares of common stock of the Company with a fair value of $3.6 billion and $3.9 billion at December 31, 2024 and 2023, respectively. The Plan’s interest in the net assets of the NG Stock Fund was approximately 0.5 percent and 0.6 percent at December 31, 2024 and 2023, respectively. During 2024, the NG Stock Fund earned dividends of $64 million from its investment in Northrop Grumman Corporation common stock.

State Street affiliates managed $2.1 million and $2.0 million of Plan assets held in the short-term investment fund as of December 31, 2024 and 2023, respectively. The Plan paid $7 thousand to the Trustee in fees during the year ended December 31, 2024.

The DC Master Trust utilized various investment managers to manage its net assets. These net assets may be invested into funds also managed by the investment managers. Therefore, these transactions qualify as party-in-interest transactions. The Plan had transactions with the Trustee’s short-term investment fund, a liquidity pooled fund in which participation commences and terminates on a daily basis. In Plan management’s opinion, fees paid

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during the year for services rendered by parties-in-interest were based upon customary and reasonable rates for such services. The Plan also issues loans to participants, which are secured by the vested balances in the participants' accounts.

#### 8. PLAN TERMINATION
Although it has not expressed any intention to do so, the Company has the right under the Plan to terminate the Plan subject to ERISA provisions. In the event of a