Northrop Grumman builds military aircraft, missiles, rocket motors, satellites, and electronic systems, mostly for the American military and allied governments. It designed the B-2 stealth bomber and built NASA's James Webb Space Telescope, the largest telescope ever sent to space. The company works through four businesses: aircraft, missiles and ammunition, radar and communications systems, and space hardware such as satellites and solid rocket boosters. Most revenue comes from long-term government contracts, many of them classified. Its roots go back to Northrop Aircraft, founded in 1939, and it took its name after buying Grumman in 1994 and is based in Falls Church, Virginia.
Company Size
10,001+
Company Stage
IPO
Headquarters
Falls Church, Virginia
Founded
1939
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Northrop Grumman missed out on US Air Force hardware awards for its Collaborative Combat Aircraft (CCA) program but remains involved as a software vendor. Work continues on the B-21, Sentinel, and submarines, along with precision weapons and solid rocket boosters for NASA's Artemis missions. Analysts forecast revenue of $51.0 billion and earnings of $4.7 billion by 2029, assuming 5.9% yearly revenue growth. Earnings today are about $4.5 billion. The lowest estimates put 2029 revenue near $49.6 billion and earnings near $4.2 billion, reflecting cost issues on the SiAW and GEM 63XL programs. The main risk is fixed-price contract execution, as the company spends heavily to expand munitions and solid rocket motor capacity.
How CFOs at Chevron, ServiceNow and Nasdaq decide which AI bets create value. 2 hours ago 39 Good morning. AI projects must earn their share of corporate budgets. "It doesn't get a free pass just because it's got AI on the front of the opportunity," Eimear Bonner, CFO of Chevron, said during a panel session I moderated at the Fortune Most Powerful Women Summit in Santa Barbara on Tuesday. "It's got to compete for capital." Bonner's test: a clear path to value, a transformative target and results that show up on the bottom line. "It can't be a science experiment," she said. Gina Mastantuono, president and CFO of ServiceNow noted that the way CFOs calculate ROI is moving beyond just measuring potential gains in revenue and profitability. Finance chiefs must also weigh the cost of inaction: falling behind competitors that adopt AI, with long-term competitiveness at stake, Mastantuono said. ServiceNow funds projects that strengthen competitive differentiation, solve a customer problem and deliver measurable value on a clear timeline, she explained. "I don't think the winners in AI are going to be the ones that spend the most," she said. Mastantuono urged measuring outcomes, not activity - "not how many AI pilots you have," but whether AI lifts revenue, efficiency and speed. ServiceNow expects $500 million in savings this year, largely from using its own products. Sarah Youngwood, EVP and CFO of Nasdaq, said during the panel session that the company categorizes investments into "horizon zero" - foundational needs like cybersecurity - followed by short-term return initiatives, medium-term bets, and longer-term R&D. Nasdaq's decade-old investments in cloud and algorithmic AI, Youngwood said, position it to serve clients today. "It's all about the gold standard data that we have," she said, citing data from 3,500 institutions representing $12 trillion in assets. Youngwood oversees Nasdaq's AI KPIs, which track inputs such as training and platform engagement, as well as outcomes including coding speed, client retention and token costs. For Bonner, who becomes president of Chevron's oil, products and gas business on Jan. 1, discipline also means regular check-ins with project teams to remove barriers and confirm progress. AI is helping the company find oil and gas faster, recover more from reservoirs and anticipate maintenance needs, Bonner said. Chevron is also on the supply side of the AI boom: It plans to power a Microsoft data center in West Texas through a 2.67-gigawatt natural gas project. Leaderboard. Kenneth Crews was appointed CFO-elect of SAIC, a government technology services company, effective Oct. 30. He will formally become CFO on Dec. 7, succeeding Prabu Natarajan. Natarajan, who will stay on as CFO during the transition, has been named permanent EVP of SAIC's civilian business group after leading it on an interim basis. Crews previously served as corporate VP and CFO of Northrop Grumman, where he held several leadership roles over more than 20 years. Joseph Sesin was appointed CFO of the NFL's Denver Broncos. He most recently served as SVP of finance and accounting at Angel City Football Club of the National Women's Soccer League. Previously, Sesin was SVP of accounting and finance for SoFi Stadium, YouTube Theater and Hollywood Park in Los Angeles. Before that, he spent nearly a decade in investment banking at J.P. Morgan. Big deal. Ransomware attackers are using AI and putting more personal pressure on the people inside the companies they target, according to Semperis' 2026 Ransomware Risk Report, which surveyed only organizations hit by ransomware in the past 12 months. The identity security company found that attackers weaponized AI in 87% of attacks, and nearly 70% of victims were targeted more than once, with 31% paying ransoms multiple times. The report found that bad actors are threatening victims with psychological intimidation in nearly 25% of all attacks in the U.S., UK, France, Germany, Italy, Spain, Singapore, Canada and Australia. Going deeper. Walmart heir Olivia Walton, CEO of Ingeborg Investments, spoke at the Fortune Most Powerful Women Summit about her pledge of $100 million over five years to cut the U.S. maternal mortality rate in half. Walton launched the nonprofit Healthy Moms, Healthy Babies America in April. Read more here. Overheard. "Success will require more than adopting AI. It means rethinking the customer journey to reduce friction and help travelers move seamlessly from intent to booking." - Emily Weiss, senior managing director and global travel lead at Accenture, writes in a Fortune opinion piece about why travelers are switching from their favorite brands. * Homepage * Fortune Magazine * How CFOs at Chevron, ServiceNow and Nasdaq decide which AI bets create value.
SAIC appoints Prabu Natarajan as civilian business chief, Kenneth Crews as cfo-elect. * Ken Crews will join SAIC Oct. 30 and formally take over as CFO on Dec. 7 * Prabu Natarajan retains his role as enterprise operations EVP and continues to oversee Project ORBIT * SAIC CEO Jim Reagan, a five-time Wash100 Award winner, pointed to the executives' customer knowledge and financial and operational experience SAIC has appointed two executives to leadership roles as the government contractor pursues its growth strategy. Prabu Natarajan will permanently lead the civilian business group, while former Northrop Grumman finance chief Kenneth Crews will join SAIC as executive vice president and chief financial officer-elect, the company said Tuesday. Crews will join SAIC on Oct. 30, with Natarajan remaining CFO during the transition. Crews is scheduled to assume the role on Dec. 7. The appointments come as SAIC invests in its capabilities and workforce, while pursuing its corporate strategy and focusing on value for customers and shareholders. What will Prabu Natarajan oversee at SAIC? Natarajan's permanent appointment follows several months serving as interim leader of SAIC's civilian business group. As the group's permanent executive vice president, he will lead efforts to grow the business and deliver services to federal civilian customers. He will continue serving as EVP of enterprise operations and overseeing Project ORBIT alongside his civilian business responsibilities. He has served as SAIC's CFO since January 2021. Before joining SAIC, Natarajan held financial leadership positions at Northrop, including vice president of financial planning, mergers and acquisitions, and government compliance. He spent nearly 11 years as VP of taxes at AES and began his career at PwC. What experience will Kenneth Crews bring to SAIC? Crews spent more than 21 years at Northrop, where he gained experience in enterprise performance, business strategy and sustainable growth. He most recently served as corporate VP and CFO for nearly two years. During his tenure, he led finance organizations for the company's space systems and mission systems sectors. His earlier positions included CFO of Northrop's land and avionics C4ISR division and director of corporate financial planning and analysis. Before joining Northrop in 2004, Crews worked as a financial analyst at Harris. SAIC CEO and five-time Wash100 Award winner Jim Reagan said Natarajan brings a deep understanding of the company and its customers, while Crews offers financial and operational leadership experience. "I look forward to working with these accomplished leaders as we build on the momentum we have established and position SAIC for continued growth and long-term success," said Reagan. What other leadership changes has SAIC made? SAIC has made several other leadership changes this year as it focuses on business growth, customer engagement and corporate oversight. The company recently appointed retired Army Lt. Gen. Stephen Smith as vice president and client executive to strengthen relationships with defense customers. In June, SAIC named John Wagner senior vice president of enterprise growth for its Air Force, space and intelligence business. SAIC also expanded its board of directors in August with the appointments of David Benson and David Cush. Both executives joined the board's audit committee, bringing experience in financial management, capital allocation, enterprise transformation and corporate governance.
Northrop Grumman, Barrett Firearms join forces to produce Precision Grenadier System. 13 October 2026 - 10:10 U.S. defense company Northrop Grumman announced on Monday that it has entered a teaming agreement with Barrett Firearms to produce the weapon portion of the Precision Grenadier System (PGS), a shoulder-fired, 25mm grenade launcher. Under the new deal, Northrop Grumman will lead PGS prototyping and 25mm ammunition development, whilst Barrett will manufacture the weapon at their facility in Nashville and integrate the inductive setter. Northrop Grumman's PGS provides the infantry squad with the capability to defeat targets in defilade, in close quarters battle, and against small unmanned aircraft systems (sUAS), according to the company. WPML eklentisi aktif değil veya çeviriler mevcut değil. Last 24 Hours Last 7 Days Last 30 Days
New seeker drives precision. At the heart of PAC-3 Edge sits an advanced seeker developed at Lockheed Martin's Strigo Product Center. The company says the technology will improve the interceptor's ability to track and engage sophisticated threats. Lockheed Martin has invested $250 million in the Strigo facility to support seeker development. The investment backs efforts to improve precision and maneuverability as adversaries develop more capable weapons. Seeker performance matters because interceptors must identify and track targets while operating under demanding conditions. Hypersonic weapons pose particular challenges because they travel at extreme speeds and can maneuver during flight. PAC-3 Edge also incorporates upgraded control systems. These changes aim to improve performance across greater distances and at higher altitudes, expanding the range of threats the Army can engage. The design retains a connection to the existing PAC-3 family. That approach could help the Army strengthen its missile defenses without abandoning the technology and infrastructure already supporting its air defense operations. New propulsion extends engagement range. Northrop Grumman is developing a multi-pulse solid rocket motor for the interceptor. The propulsion system can deliver thrust in multiple stages, helping maintain control over acceleration throughout the flight. That capability could give PAC-3 Edge greater flexibility when pursuing targets across different engagement conditions. Combined with the upgraded seeker and control systems, the motor is intended to improve maneuverability and overall flight performance. Lockheed Martin Missiles and Fire Control President Tim Cahill said the interceptor builds on the PAC-3 MSE's established capabilities. He described PAC-3 Edge as offering greater maneuverability, power, and velocity. The company expects these improvements to strengthen the Army's ability to address emerging missile threats. However, the system remains in development. Testing will help determine how its new components perform together and whether the interceptor meets the Army's operational requirements. Existing launch systems remain central. PAC-3 Edge is designed to work within the Army's broader integrated air and missile defense network. Planned integration options include the M903 launcher and the Integrated Battle Command System (IBCS). Lockheed Martin also identifies containerized launchers and HIMARS Flex among the system's intended integration options. Compatibility with existing and emerging platforms could give the Army more flexibility in deploying the interceptor. The weapon would join a layered defense architecture that combines different systems to protect military installations and other critical assets. Its intended role is to expand engagement options against threats that challenge conventional air defense capabilities. The Army's Future Interceptor competition will shape the program's next steps. Lockheed Martin now faces further development and testing before its proposed system can reach operational service. If the company meets its current schedule, PAC-3 Edge could begin entering service in 2031. Its eventual contribution will depend on test results and the Army's assessment of its performance against advanced missile threats. Get the latest in engineering, tech, space & science - delivered daily to your inbox. You may unsubscribe at any time. Aamir is a seasoned tech journalist with experience at Exhibit Magazine, Republic World, and PR Newswire. With a deep love for all things tech and science, he has spent years decoding the latest innovations and exploring how they shape industries, lifestyles, and the future of humanity.