Company: NOC
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001133421-25-000049
Chunk: 29

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 30in millions20252024RSRs granted0.1 0.1 RPSRs granted0.1 0.2 Grant date aggregate fair value$104 $105 RSRs typically vest on the third anniversary of the grant date, while RPSRs generally vest and pay out based on the achievement of certain performance metrics and market conditions over a three-year period.

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

Cash AwardsThe following table presents the minimum and maximum aggregate payout amounts related to cash units (CUs) and cash performance units (CPUs) granted to employees in the periods presented:Six Months Ended June 30$ in millions20252024Minimum aggregate payout amount$35 $35 Maximum aggregate payout amount198 200 CUs typically vest and settle in cash on the third anniversary of the grant date, while CPUs generally vest and pay out in cash based on the achievement of certain performance metrics over a three-year period.

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Table of ContentsNORTHROP GRUMMAN CORPORATION                        

10.    SEGMENT INFORMATION

The following table presents sales, operating costs and expenses, and operating income by segment:Three Months Ended June 30Six Months Ended June 30$ in millions2025202420252024Aeronautics SystemsSales$3,114 $3,060 $5,928 $6,104 Operating costs and expenses:Product2,109 2,028 4,467 4,087 Service649 692 1,250 1,341 Intersegment35 28 73 58 Aeronautics Systems operating income321 312 138 618 Defense SystemsSales1,9911,8593,7963,596Operating costs and expenses:Product1,3721,2952,6342,495Service319333643678Intersegment47408776Defense Systems operating income253191432347Mission SystemsSales3,1572,7735,9645,432Operating costs and expenses:Product1,9451,6853,6753,290Service483475917921Intersegment288252570482Mission Systems operating income441361802739Space SystemsSales2,6463,0025,2146,151Operating costs and expenses:Product1,8932,2543,7224,629Service362355724705Intersegment11189205183Space Systems operating income280304563634Intersegment profit elim