Northrop Grumman Reports New Material Agreement, Financial Obligation

TL;DR

**Northrop Grumman just took on a new major financial obligation, watch for details.**

AI Summary

Northrop Grumman Corporation filed an 8-K on January 31, 2024, reporting a material definitive agreement and the creation of a direct financial obligation, with the earliest event reported on January 29, 2024. This filing indicates that the company has entered into a significant new financial commitment or contract. For investors, this matters because such agreements can impact future revenue, expenses, and overall financial health, potentially affecting the stock's valuation depending on the nature and terms of the obligation.

Why It Matters

This filing signals a new significant financial commitment for Northrop Grumman, which could influence its future earnings and balance sheet, directly impacting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without specifying its nature or size, introducing uncertainty about its potential impact on the company's financial health.

Analyst Insight

A smart investor would monitor subsequent filings or earnings calls for Northrop Grumman to understand the specific terms, size, and implications of the new material definitive agreement and financial obligation, as this filing only signals its existence without details.

Key Players & Entities

• NORTHROP GRUMMAN CORP /DE/ (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of the earliest event reported
• January 31, 2024 (date) — date the 8-K was filed
• 001-16411 (other) — SEC file number for Northrop Grumman

Forward-Looking Statements

• Northrop Grumman will provide more details about the material definitive agreement and financial obligation in its next quarterly or annual report. (Northrop Grumman Corporation) — high confidence, target: Q1 2024 Earnings Report

FAQ

From the Filing

0001193125-24-021071.txt : 20240131 0001193125-24-021071.hdr.sgml : 20240131 20240131171232 ACCESSION NUMBER: 0001193125-24-021071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 23 CONFORMED PERIOD OF REPORT: 20240129 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16411 FILM NUMBER: 24583902 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 8-K 1 d765965d8k.htm 8-K 8-K NORTHROP GRUMMAN CORP /DE/ false 0001133421 0001133421 2024-01-29 2024-01-29     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 29, 2024     NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter)       Delaware   1-16411   80-0640649 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 2980 Fairview Park Drive , Falls Church , VA 22042 (Address of principal executive offices) (Zip Code) (703) 280-2900 Registrant’s telephone number, including area code   (Former name or former address if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   NOC   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On January 31, 2024, Northrop Grumman Corporation (the “Company”) issued $500,000,000  in aggregate principal amount of 4.600% senior notes due 2029 (the “2029 Notes”), $850,000,000 in aggregate principal amount of 4.900% senior notes due 2034 (the “2034 Notes”) and $1,150,000,000  in