Northrop Grumman Corporation · NYSE:NOC
Northrop Grumman — Investor Presentation (January 2026)
27 slides from Northrop Grumman's investor presentation, Jan 27, 2026
Slide 1: Northrop Grumman Overview
Northrop Grumman Overview January 27, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements NORTHROP GRUMMAN This presentation and the information we are incorporating by reference contains or may contain statements that constitute “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “wil” “expect
Slide 3: Northrop Grumman Today
NORTHROP Northrop Grumman Today GRUMMAN About Us Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the unive
Slide 4: Northrop Grumman is an innovative provider of air, space and weapons systems
Northrop Grumman is an innovative provider of proven manned and unmanned air systems. We build some of the world’s most advanced aircraft including the first sixth-generation aircraft, the B-21 Raider. Northrop Grumman is a space pioneer, supporting government, civil and commercial customers in solv
Slide 5: Strategic Priorities
NORTHROP Strategic Priorities GRUMMAN Our Strategy Remains Focused on: ‘A Technology Maintaining technology leadership and delivering innovative and affordable Leadership solutions with speed Sustainably and profitably growing our business in our customers’ highest priority missions while maintainin
Slide 6: Four Operating Segments at-a-Glance
NORTHROP Four Operating Segments at-a-Glance GRUMMAN Strike | Air Dominance | Battle Management and Control | Autonomous Aircraft | —_—_—— Intelligence, Surveillance and Reconnaissance (ISR) Leader in the design, development, production, integration, sustainment and modernization of military aircraf
Slide 7: 2025 Company Level Sales Mix
2025 Company Level Sales Mix' NORTHROP GRUMMAN All Other NASA 6% 3% MDA 3% Space Force 4% Restricted 32% Army 5% Sales by Ultimate Customer! International 14% Air Force Na y 17% 16% 1. Represents ultimate end user customer where we are a subcontractor. International 14% Cost Type 50% Domestic vs. In
Slide 8: Balanced Capital Deployment
Balanced Capital Deployment NORTHROP GRUMMAN Capital Expenditures ($B) $2.00 $1.8 $1.8 g150 | $1.4 $1.4 $1.5 $1.00 $0.50 5 T T 1 2021 2022 2023 2024 2025 Research and Development ($B) $1.50 5 $1.1 $1.41 $1.00 $0.50 s— T 2021 2022 2023 2024 2025 Annualized Dividend $10.00 gone 9288 $8.24 $8.00 $7.48
Slide 9: Aeronautics Systems
Slide 10: Aeronautics Systems Sector Overview
NORTHROP Aeronautics Systems Sector Overview GRUMMAN Strategy & Capabilities Aeronautics Systems is a leader in the design, development, production, eA $23. 1 B integration, sustainment and modernization of military aircraft systems for the U.S. an Air Force, the U.S. Navy, other U.S. government age
Slide 11: 2025 Aeronautics Systems Sales Mix
NORTHROP 2025 Aeronautics Systems Sales Mix GRUMMAN All Oth Joint Services 90, er 4% Air Force 12% Restricted 42% Sales by Ultimate Customer! International 18% Navy 22% 4. Represents ultimate end user customer where we are a subcontractor, percentages calculated based on external customer sales. Int
Slide 12: Program Descriptions and Acronyms
NORTHROP Program Descriptions and Acronyms GRUMMAN Aeronautics Systems + Development and production of the U.S. Air Force B-21 Raider long-range strike aircraft that define sixth-generation technologies; + Modernization and sustainment services for the B-2 Spirit stealth aircraft; + Development and
Slide 13: Defense Systems
Slide 14: Defense Systems Sector Overview
NORTHROP Defense Systems Sector Overview GRUMMAN Strategy & Capabilities Defense Systems is a leader in the design, engineering, development, integration and % $2 7 8B production of strategic deterrent systems, advanced tactical weapons, and missile defense awl ° I solutions for the U.S. military an
Slide 15: 2025 Defense Systems Sales Mix
2025 Defense Systems Sales Mix NGRUMMAN All Other 1% eer US Govt International 17% Navy 8% Domestic vs. International Sales by Air Force Domestic 83% International . 47% 17% Ultimate 1 Customer Cost Type 53% Contract Type Fixed Price 47% 4. Represents ultimate end user customer where we are a subcon
Slide 16: Program Descriptions and Acronyms
NORTHROP Program Descriptions and Acronyms GRUMMAN Defense Systems + Sentinel Engineering & Manufacturing Development (EMD) program, initial phase of the modernization of the intercontinental ballistic missile (ICBM) system that will serve as the ground-based strategic deterrent for the U.S. nuclear
Slide 17: Mission Systems
Slide 18: Mission Systems Sector Overview
NORTHROP Mission Systems Sector Overview GRUMMAN Strategy & Capabilities Mission Systems is a leader in advanced mission solutions and multifunction eA S 1 8.6B systems, primarily for the U.S. defense and intelligence community, and an international customers. 2025 Backlog Major products and service
Slide 19: 2025 Mission Systems Sales Mix
2025 Mission Systems Sales Mix NORTHROP GRUMMAN All Other Army 5% 5% Restricted Air Force 30% 14% Sales by Ultimate Customer! International 19% Navy 27% 4. Represents ultimate end user customer where we are a subcontractor, percentages calculated based on external customer sales. International 19% D
Slide 20: Program Descriptions and Acronyms
NORTHROP Program Descriptions and Acronyms GRUMMAN Mission Systems + Large Aircraft and Common Infrared Countermeasures (LAIRCM, DoN LAIRCM, CIRCM) systems, which protect large aircraft as well as rotary wing and medium fixed wing aircraft from infrared missiles using advanced laser technology; * F-
Slide 21: Space Systems
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Slide 22: Space Systems Sector Overview
NORTHROP Space Systems Sector Overview GRUMMAN Strategy & Capabilities Space Systems is a leader in delivering end-to-end mission solutions through the eA $26.2B design, development, integration, production and operation of space, missile ann defense, and launch systems for national security, civil
Slide 23: 2025 Space Systems Sales Mix
2025 Space Systems Sales Mix Air Force All Other 3% Commercial T% MDA 1% Renicted Ultimate Customer! NASA 12% Space Force 18% 4. Represents ultimate end user customer where we are a subcontractor, percentages calculated based on external customer sales. NORTHROP GRUMMAN International 2% Domestic vs.
Slide 24: Program Descriptions and Acronyms
NORTHROP Program Descriptions and Acronyms GRUMMAN Space Systems * 63-inch diameter Graphite Epoxy Motor (GEM 63) and the extended length variation (GEM 63XL) solid rocket boosters used to provide lift capability for the ATLAS V and Vulcan launch vehicles; + Space Development Agency (SDA) Tracking a
Slide 25: Appendix
Appendix
Slide 26: Non-GAAP Definitions & Reconciliations
Non-GAAP Definitions & Reconciliations NORTHROP Free Cash Flow GRUMMAN Non-GAAP Financial Measures Disclosure: This presentation contains non-GAAP (accounting principles generally accepted in the United States of America) financial measures, as defined by SEC Regulation G and indicated by a footnote
Slide 27: GRUMMAN
NORTHROP GRUMMAN
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