NORTHROP GRUMMAN CORP /DE/ (NOC)

Northrop Grumman Corp. engages in the provision of advanced aircraft systems. It operates through the following segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment is involved in the design, development, production, integration, sustainment, and modernization of advanced aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. The Defense Systems segment includes integrated battle management systems, weapons systems and aircraft, and mission systems sustainment and modernization. The Mission Systems segment offers advanced mission solutions and multifunction systems, primarily for the U.S. defense and intelligence community, and international customers. The Space Systems segment delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems for national security, civil government, commercial, and international customers. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.

Address

2980 FAIRVIEW PARK DRIVE
FALLS CHURCH, VA 22042

Founded

1939

Number of Employees

101,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $283,399 $1,159,847 $373,134 $1,062,538 $753,859 $480,144 $3,340,767 $1,398,046 $1,348,832 $471,209 $1,067,178
Average Price - $182.28 $207.21 $240.50 $278.02 $331.57 $334.61 $319.25 $475.95 $450.81 $446.06 $316.82
# Shares Purchased - 1,554,713 5,597,372 1,551,499 3,821,865 2,273,629 1,434,922 10,464,412 2,937,393 2,991,998 1,056,384 3,368,419
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 184.7% 150.5% 115.8% 86.7% 56.5% 55.1% 62.6% 9.0% 15.1% 16.4% 63.8%
S&P 500 Return to Date - 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 85.2%
Excess Total Return - 11.8% -18.1% -13.9% -18.2% -36.6% -19.7% 30.9% -28.2% -16.2% 8.9% -21.4%
Quartile Rank
Percentile Rank - 75% 71% 72% 70% 62% 58% 82% 55% 55% 72% 76%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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