Northrop Grumman Corp. (NYSE:NOC) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Todd Ernst - Treasurer & Vice President of Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President Dave Keffer - Chief Financial Officer Conference Call Participants Mariana Perez - Bank of America Richard Safran - Seaport Research Doug Harned - Bernstein Cai von Rumohr - Cowen Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) Delaware 80-0640649 (State or other jurisdiction of incorporation or organization) 298 ...

Northrop Grumman Corporation. (NYSE:NOC) Jefferies Virtual ESG Summit June 14, 2022 10:00 AM ET Company Participants Todd Ernst - Corporate VP, Treasurer and Investor Relations Mike Witt - Vice-President and Chief Sustainability Officer Conference Call Participants Sheila Kahyaoglu - Jefferies aerospace and defense analyst Sheila Kahyaoglu Good morning everyone. This is Sheila Kahyaoglu with the Jefferies aerospace, defense and airlines equity research team and thank you for joining us for our first ever ou ...

Northrop Grumman Corporation Conference Call Summary Company Overview - **Company**: Northrop Grumman Corporation (NYSE:NOC) - **Event**: Bernstein 38th Annual Strategic Decisions Conference - **Date**: June 02, 2022 - **Participants**: - Kathy Warden - Chairman, CEO and President - Dave Keffer - Corporate VP and CFO Key Industry Insights Defense Industry Context - The company expresses support for U.S. and allied efforts in response to the humanitarian crisis in Ukraine, emphasizing its role as a defense contractor [4][5] - The current geopolitical climate has heightened the importance of defense capabilities, particularly in high-end conflict scenarios [10] Strategic Focus Areas 1. **Technology Leadership**: Northrop Grumman aims to provide innovative and affordable technology solutions to meet customer needs [5] 2. **Customer Alignment**: The company focuses on aligning with customers' highest priority missions to drive profitable growth [5] 3. **Program Performance**: Emphasis on delivering margin performance and cost efficiencies [6] 4. **Capital Deployment**: Commitment to investing in business growth while returning cash to shareholders, including a $1.5 billion share repurchase plan and a 10% dividend increase [8] Financial Performance and Projections - **Growth Outlook**: Projecting low single-digit growth for the current year, with expectations for acceleration into 2023 [6] - **Operating Margins**: Anticipating an operating margin of 11.8% for the current year, with a target of 12% by 2024 [7] - **Free Cash Flow**: Expecting a double-digit compound annual growth rate in free cash flow by 2024, with plans to return 100% of free cash flow to shareholders [8] Program-Specific Insights B-21 Program - The B-21 program is on track for its first flight in early 2023, with the company maintaining that it is ahead of the acquisition program baseline [14][18] - Production is expected to ramp up following the first flight milestone, with advanced procurement already in progress [18] Ground Based Strategic Deterrent (GBSD) - The GBSD program is projected to grow, with an expected increase of $0.5 billion in sales year-over-year [27] - The program is anticipated to plateau before returning to growth as it transitions into production around 2025 [27] Space Segment - The space business is identified as the fastest-growing segment, with a backlog three times larger than current sales [10] - Significant contracts include a $2 billion award for Amazon Kuiper launches and various government programs [33] Market Opportunities European Defense Spending - Increased defense budgets from European allies are expected to create long-term growth opportunities, particularly in weapons systems and mission systems [12][60] - The company is positioning itself to capture international growth, especially in Asia and Europe, while balancing domestic opportunities [59][61] Hypersonics - Northrop Grumman is involved in multiple hypersonic programs, focusing on both offensive and defensive capabilities [45][49] - The company sees potential for growth in hypersonic defense, which is viewed as a critical market need [49] ESG and Sustainability - Northrop Grumman is committed to reducing its environmental footprint, aiming for net-zero operations by 2035 [64] - The company is actively managing its portfolio to ensure responsible sales practices, including divesting from certain businesses [64] Challenges and Future Focus - The company is focused on talent acquisition and retention to support growth in a competitive labor market [68] - A digital transformation initiative is underway to enhance operational efficiency and product delivery by 2025 [68] Conclusion - Northrop Grumman is strategically positioned to capitalize on growth opportunities in the defense sector, particularly in response to geopolitical tensions and increasing defense budgets. The company is committed to innovation, shareholder returns, and sustainable practices while navigating challenges in talent acquisition and program execution.

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------|-------|--------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | NORTHROP GRUMMAN First Quarter 2022 Conference Call April 28, 2022 | | | | | | Kathy Warden Chair, Chief Executive Officer and President | | Dave Keffer Corporate Vice President and Chief Financial Officer | | | Forward-Looking Statements This presentation and the information ...

Northrop Grumman Corporation (NYSE:NOC) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Todd Ernst ??? Treasurer and Vice President, Investor Relations Kathy Warden ??? Chairman, Chief Executive Officer and President Dave Keffer ??? Chief Financial Officer Conference Call Participants Doug Harned ??? Bernstein Robert Stallard ??? Vertical Research Sheila Kahyaoglu ??? Jefferies Peter Arment ??? Baird Ron Epstein ??? Bank of America David Strauss ??? Barclays Seth Seifman ??? ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) Delaware 80-0640649 (State or other jurisdiction of incorporation or organization) 29 ...

Northrop Grumman Corporation (NYSE:NOC) JPMorgan Industrials Conference March 15, 2022 2:10 PM ET Company Participants Seth Seifman - JPMorgan Conference Call Participants Todd Ernst - IR David Keffer - CFO Seth Seifman Okay. Good afternoon. Welcome back to the aerospace defense track at the 2022 JPMorgan Industrials Conference. I am Seth Seifman, US aerospace defense equity analyst and we're very grateful to have with us this afternoon management from Northrop Grumman and we have Dave Keffer, CFO and we ha ...

Northrop Grumman Overview January 27, 2022 Northrop Grumman Overview Forward-Looking Statements | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Northrop Grumman Corporation (NYSE:NOC) Q4 2021 Earnings Conference Call January 27, 2022 9:00 AM ET Company Participants Todd Ernst - IR Kathy Warden - CEO David Keffer - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Seth Seifman - JPMorgan Sheila Kahyaoglu - Jefferies Ron Epstein - Bank of America Doug Harned - Bernstein Robert Stallard - Vertical Research Noah Poponak - Goldman Sachs Cai von Rumohr - Cowen and Company Myles Walton - UBS Richard Safran - Seaport Global Robert Spingarn - ...