Northrop Grumman 2023 10-K Details Financials, Equity
Ticker: NOC · Form: 10-K · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: earnings, annual-report, financial-performance, equity
TL;DR
**Northrop Grumman's 2023 10-K is out, giving a full financial picture for the year.**
AI Summary
Northrop Grumman Corp's 10-K filing for the fiscal year ended December 31, 2023, provides a detailed look into its financial performance, including revenues from products and services. The filing, submitted on January 25, 2024, outlines the company's financial position, common stock, additional paid-in capital, and retained earnings over the past few years. This matters to investors as it offers transparency into the company's financial health and operational trends, crucial for evaluating its stability and growth potential.
Why It Matters
This filing provides essential financial data for Northrop Grumman, allowing investors to assess the company's performance and make informed decisions about their investment.
Risk Assessment
Risk Level: medium — The filing itself doesn't inherently present high risk, but the defense industry can be subject to political and governmental spending risks.
Analyst Insight
Investors should review the detailed financial statements within the full 10-K to understand specific revenue figures, expenses, and balance sheet changes for the fiscal year ended December 31, 2023, to gauge the company's financial health and operational efficiency.
Key Numbers
- 2023-12-31 — Fiscal Year End (The date marking the end of the reporting period for this 10-K.)
- 113 — Public Document Count (The number of public documents associated with this filing.)
- 001-16411 — SEC File Number (The SEC file number for Northrop Grumman Corp.)
- 3812 — Standard Industrial Classification (SIC) (Represents 'SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS' for Northrop Grumman.)
- 800640649 — IRS Number (The IRS number for Northrop Grumman Corp.)
Key Players & Entities
- NORTHROP GRUMMAN CORP /DE/ (company) — the filer of the 10-K
- December 31, 2023 (date) — the conformed period of report end date
- January 25, 2024 (date) — the filed as of date
- 0001133421 (company) — Central Index Key (CIK) for Northrop Grumman
- 2980 FAIRVIEW PARK DRIVE (address) — Northrop Grumman's business and mail street address
Forward-Looking Statements
- Northrop Grumman will continue to report revenues from both product and service segments in future filings. (Northrop Grumman Corp) — high confidence, target: 2024-12-31
- The company's equity structure, including common stock and retained earnings, will remain a key focus in subsequent financial reports. (Northrop Grumman Corp) — medium confidence, target: 2024-12-31
FAQ
What is the fiscal year-end for Northrop Grumman Corp as reported in this 10-K filing?
The fiscal year-end for Northrop Grumman Corp, as stated in this 10-K filing, is December 31, 2023.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on January 25, 2024, as indicated by the 'FILED AS OF DATE'.
What is the Central Index Key (CIK) for Northrop Grumman Corp?
The Central Index Key (CIK) for Northrop Grumman Corp is 0001133421, as listed under 'FILER: COMPANY DATA'.
What is Northrop Grumman Corp's primary Standard Industrial Classification (SIC) code?
Northrop Grumman Corp's primary Standard Industrial Classification (SIC) code is 3812, which corresponds to 'SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS'.
What was the former name of Northrop Grumman Corp and when did the name change occur?
The former name of Northrop Grumman Corp was NNG INC, and the name change occurred on January 29, 2001, as per the 'FORMER COMPANY' section of the filing.
From the Filing
0001133421-24-000006.txt : 20240125 0001133421-24-000006.hdr.sgml : 20240125 20240125160251 ACCESSION NUMBER: 0001133421-24-000006 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHROP GRUMMAN CORP /DE/ CENTRAL INDEX KEY: 0001133421 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 800640649 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16411 FILM NUMBER: 24562154 BUSINESS ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 BUSINESS PHONE: 703-280-2900 MAIL ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 FORMER COMPANY: FORMER CONFORMED NAME: NNG INC DATE OF NAME CHANGE: 20010129 10-K 1 noc-20231231.htm 10-K noc-20231231 FY 12/31/2023 FALSE 2023 12/31 NORTHROP GRUMMAN CORP /DE/ 0001133421 0001133421 2023-01-01 2023-12-31 0001133421 2023-06-30 iso4217:USD 0001133421 2024-01-22 xbrli:shares 0001133421 us-gaap:ProductMember 2023-01-01 2023-12-31 0001133421 us-gaap:ProductMember 2022-01-01 2022-12-31 0001133421 us-gaap:ProductMember 2021-01-01 2021-12-31 0001133421 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001133421 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001133421 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001133421 2022-01-01 2022-12-31 0001133421 2021-01-01 2021-12-31 0001133421 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001133421 2023-12-31 0001133421 2022-12-31 0001133421 2021-12-31 0001133421 2020-12-31 0001133421 us-gaap:CommonStockMember 2022-12-31 0001133421 us-gaap:CommonStockMember 2021-12-31 0001133421 us-gaap:CommonStockMember 2020-12-31 0001133421 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001133421 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001133421 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001133421 us-gaap:CommonStockMember 2023-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001133421 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001133421 us-gaap:RetainedEarningsMember 2022-12-31 0001133421 us-gaap:RetainedEarningsMember 2021-12-31 0001133421 us-gaap:RetainedEarningsMember 2020-12-31 0001133421 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001133421 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001133421 us-gaap:RetainedEarningsMember 2023-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001133421 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001133421 us-gaap:ContractsAccountedForUnderPercentageOfCompletionMember noc:SpaceSystemsMember noc:HALOProgramMember 2023-01-01 2023-12-31 0001133421 us-gaap:ContractsAccountedForUnderPercentageOfCompletionMember noc:B21ProgramLRIPOptionsMember noc:AeronauticsSystemsMember 2023-10-01 2023-12-31 0001133421 us-gaap:ContractsAccountedForUnderPercentageOfCompletionMember noc:B21ProgramLRIPOptionsMember noc:AeronauticsSystemsMember 2023-12-31 0001133421 us-gaap:ContractsAccountedForUnderPer