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Northrop Grumman — Oct 21, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001133421-25-000052
Open on SEC.gov ↗
Showing in the filing
Segment growth outlook
“growth in each of our four business segments next year”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 13
MTM-adjusted EPS for FY2025
“$25.65 to $26.05”
Segment growth outlook for FY2026
“growth in each of our four business segments next year”
Sales for FY2025
“$41,700 — $41,900”
Segment operating income for FY2025
“$4,275 — $4,375”
Free cash flow for FY2025
“$3,050 — $3,350”
Aeronautics Systems Sales ($B) for FY2025
“High $12”
Aeronautics Systems OM Rate % for FY2025
“Low to Mid 6%”
Defense Systems Sales ($B) for FY2025
“Low $8”
Defense Systems OM Rate % for FY2025
“High 10%”
Mission Systems OM Rate % for FY2025
“Mid 14%”
Space Systems Sales ($B) for FY2025
“Mid to High $10”
Intersegment Eliminations Sales ($B) for FY2025
“~($2.25)”
Intersegment Eliminations OM Rate % for FY2025
“High 13%”
Exhibit 99.1 · the passage around this item
… earlier in the release
We’re demonstrating our team can rapidly innovate the way we work and the products we deliver, while also providing the quality and performance customers expect from Northrop Grumman. As we look to the future, we expect global demand to remain strong for our portfolio, with growth in each of our four business segments next year. ” 1 Non-GAAP measure - see definitions at the end of this earnings release. Northrop Grumman Corporation 2980 Fairview Park Drive • Falls Church, VA 22042-4511 news.northropgrumman.com Northrop Grumman Reports Third Quarter 2025 Financial Results 2 Consolidated Operating Results and Cash Flows Three Months Ended September 30 Nine Months Ended September 30 $ in millions, except per share amounts 2025 2024 Change 2025 2024 Change Sales Aeronautics Systems $ 3,142   $ 2,961  6% $ 9,070   $ 9,065  —% Defense Systems 2,059   1,800  14% 5,855   5,396  9% Mission Systems 3,093   2,823  10% 9,057   8,255  10% Space Systems 2,698   2,870  (6%) 7,912   9,021  (12%) Intersegment eliminations (569) (458) (1,652) (1,390) Total sales 10,423   9,996  4% 30,242   30,347  —% Operating income Aeronautics Systems 305   309  (1%) 443   927  (52%) Defense Systems 234   160  46% 666   507  31% Mission Systems 515   390  32% 1,317   1,129  17% Space Systems 298   345  (14%) 861   979  (12%) Intersegment eliminations (75) (58) (223) (191) Segment operating income 1 1,277   1,146  11% 3,064   3,351  (9%) Segment operating margin rate 1 12.3 % 11.5 % 80 bps 10.1 % 11.0 % (90) bps FAS/CAS operating adjustm
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.