Company: NOC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001133421-25-000016
Chunk: 4

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 4
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     | Laser Focus on Performance                                         |     | Balanced Capital Deployment to Create Value                                  |
| Maintaining technology leadership and delivering innovative and affordable solutions with speed |     | Sustainably and profitably growing our business in our customers’ highest priority missions while maintaining contracting discipline |     | Keeping a laser focus on performance and driving cost efficiencies |     | Deploying our capital in value creating ways for our customers and investors |

#### 6Northrop Grumman

#### Proxy Statement Summary
This summary highlights information contained elsewhere in this Proxy Statement. For additional information about these topics, please refer to the discussions contained in this Proxy Statement and in our Annual Report on Form 10-K for the year ended December 31, 2024 (2024 Form 10-K) filed with the U.S. Securities and Exchange Commission (SEC) on January 30, 2025.

We intend to mail a Notice of Internet Availability of Proxy Materials to Shareholders of record and to make this Proxy Statement and accompanying materials available on the internet on or about April 4, 2025.

#### 2024 Performance Highlights
We delivered another strong year of financial results while continuing to invest in our business and return cash to shareholders. Strong demand from the U.S. and our allies led to over $50 billion in new awards, with our backlog hitting a new company record of over $91 billion. Our topline grew by over 4% in 2024, and over the past five years has grown by 30% organically. Segment operating margin rate* expanded to 11.1% in 2024, with diluted earnings per share (EPS) of $28.34. Our mark-to-market (MTM) adjusted EPS* came in at $26.08, above the high end of our guidance range. Cash continues to grow at a rapid rate led by growth in our business, with free cash flow* higher by 25% year over year. We continue to execute our capital deployment strategy that prioritizes investing in our business and returning cash to shareholders.

| Financial Highlights                                                                                              |     |                                                                                           |     |                                                                                                                                                      |
| Backlog of$91.5 billionor more than2xour annual sales                                                             |     | Sales of$41 billion, up4.4%compared to 2023                                               |     | Operating Margin (OM) rate of10.6%, Segment OM rate* expands to11.1%                                                                                 |
| Net cash provided by operating activities of$4.4 billion