Form 10-Q · Quarterly report
Northrop Grumman 10-Q, filed Jul 21, 2026
- Filed
- CIK
- 0001133421
- Accession no.
- 0001133421-26-000034
Summary
Northrop Grumman completed the $333 million sale of substantially all of its Immersive Mission Solutions training-services unit, recording a $231 million pre-tax gain, and said it does not expect tariffs to have a material adverse effect on its business. The company described a defense budget environment including about $150 billion in mandatory FY 2025 defense funding from the One Big Beautiful Bill Act, roughly $859 billion in FY 2026 defense appropriations, and an FY 2027 defense budget request of $1.45 trillion.
Key points
- Northrop Grumman completed the sale of substantially all of its Immersive Mission Solutions training services unit for $333 million in cash and recorded a $231 million pre-tax gain.
- The FY 2025 One Big Beautiful Bill Act allocated approximately $150 billion in mandatory defense funding, available to be obligated until September 30, 2029 and expended through FY 2034.
- FY 2026 appropriations enacted included about $859 billion for defense, and the administration's FY 2027 budget request includes $1.45 trillion for defense.
- Northrop Grumman said it does not believe tariffs, including IEEPA tariffs, have had or will have a material adverse effect on its business.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion OVERVIEW Northrop Grumman Corporation (herein referred to as “Northrop Grumman,” the “company,” “we,” “us,” or “our”) is a leading global aerospace and defense technology company. We deliver a broad range of products, services and solutions to U.S. and international customers, and principally to the U.S. Department of War (“DoW”) and intelligence community. Our broad portfolio is aligned to support national security priorities and our solutions equip our customers with capabilities they need to connect, protect and advance humanity. …
An excerpt of the text as filed with the SEC, cut for length.
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