Form 10-Q · Quarterly report
Northrop Grumman 10-Q, filed Oct 20, 2026
- Filed
- CIK
- 0001133421
- Accession no.
- 0001133421-26-000038
Summary
Northrop Grumman completed the sale of substantially all of its Immersive Mission Solutions training-services business for $333 million in cash and recorded a $231 million pre-tax gain. The Trump administration has requested $1.45 trillion in defense funding for fiscal 2027, while a continuing resolution enacted Sept. 2, 2026 funds the government through Dec. 11, 2026 at generally fiscal 2026 levels.
Key points
- Northrop Grumman's sale of the Immersive Mission Solutions training-services unit closed on May 24, 2025, for $333 million in cash and a $231 million pre-tax gain.
- The One Big Beautiful Bill Act, enacted July 4, 2025, allocated about $150 billion in mandatory defense funding, available for obligation through Sept. 30, 2029 and expenditure through fiscal 2034.
- Fiscal 2026 appropriations enacted Feb. 3, 2026 included about $859 billion for defense; the administration's fiscal 2027 request is $1.45 trillion, 44% above fiscal 2026 enacted levels.
- The continuing resolution through Dec. 11, 2026 generally holds funding at fiscal 2026 levels and requires prior congressional approval for new multi-year military contracts.
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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