Northrop Grumman Q2 Sales Rise Slightly to $19.7B
Ticker: NOC · Form: 10-Q · Filed: 2024-07-25T00:00:00.000Z
Sentiment: neutral
Topics: earnings, revenue, defense, aerospace
Related Tickers: GD, LMT, BA, RTX
TL;DR
NGMM Q2 sales up slightly to $19.7B YTD. Defense spending steady.
AI Summary
Northrop Grumman Corp. reported its Q2 2024 results, with total sales for the six months ending June 30, 2024, reaching $19.7 billion. This represents a slight increase compared to the $19.5 billion in sales for the same period in 2023. The company's fiscal year ends on December 31st.
Why It Matters
This filing provides insight into Northrop Grumman's financial performance in the first half of 2024, indicating stable revenue generation in a key defense sector.
Risk Assessment
Risk Level: low — The filing indicates a stable financial performance with a slight increase in sales, suggesting no immediate significant financial risks.
Key Numbers
- $19.7B — Total Sales (YTD) (Sales for the first six months of 2024)
- $19.5B — Total Sales (YTD) (Sales for the first six months of 2023)
- 2024-06-30 — Reporting Period End (End date for the Q2 2024 financial reporting)
Key Players & Entities
- NORTHROP GRUMMAN CORP /DE/ (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- $19.7 billion (dollar_amount) — Total sales for the six months ending June 30, 2024
- $19.5 billion (dollar_amount) — Total sales for the six months ending June 30, 2023
FAQ
What were Northrop Grumman's total sales for the six months ending June 30, 2024?
Northrop Grumman's total sales for the six months ending June 30, 2024, were $19.7 billion.
How do the sales for the first half of 2024 compare to the same period in 2023?
Sales for the first half of 2024 were $19.7 billion, a slight increase from $19.5 billion for the same period in 2023.
What is the fiscal year-end for Northrop Grumman?
Northrop Grumman's fiscal year ends on December 31st.
What is the filing date of this 10-Q report?
This 10-Q report was filed on July 25, 2024.
What is the primary business segment indicated by the SIC code?
The Standard Industrial Classification (SIC) code indicates the company is involved in Search, Detection, Navigation, Guidance, and Aeronautical Systems.
From the Filing
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