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Aerospace

Northrop Grumman Corporation

Company Profile Analysis

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Northrop Grumman Corporation - Aerospace showcase

Year Founded & Workforce

Not available

Industry

Aerospace

Services

N

Northrop Grumman Corporation Overview

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Strategy

Northrop Grumman's key strategies include a focus on innovation, collaboration, and operational excellence. The company is committed to investing in research and development to develop cutting-edge technologies that provide advanced capabilities to its customers. It also emphasizes collaboration with customers and partners to understand their unique needs and requirements and develop tailored solutions. In addition, Northrop Grumman prioritizes operational excellence to ensure that it delivers high-quality products and services efficiently and effectively. The company places a strong emphasis on safety, quality, and compliance in all aspects of its operations. Finally, Northrop Grumman is committed to responsible corporate citizenship and sustainability, promoting environmental stewardship and social responsibility in all its activities. These key strategies have helped Northrop Grumman establish a strong reputation as a trusted provider of advanced technology solutions for defense, aerospace, and government customers worldwide.

Company Snapshot

$36,799M

Revenue

SWOT Analysis

Strengths

  • Strong financial performance with a high market share
  • Wide distribution and sales network
  • Excellent research and development
  • Major defense contractor
  • Strong global presence
  • Wide range of innovative product offerings
  • Established presence in North America
  • Increasing R&D expenditure. The company’s R&D expenditure increased from USD 639 million in 2017 to USD 764 million in 2018
  • High penetration in Japanese and European markets
  • Skilled workforce
  • Diverse product portfolio
  • Wide sales and distribution network
  • Strong presence in the Japanese and European markets
  • Strong Presence in Aerospace and Defense Industries
  • Advanced Technological Capabilities and Expertise
  • Increasing research & development expenditure
  • Extensive industry experience
  • Strategic acquisitions

Weaknesses

  • Focus on the US market
  • Dependence on aerospace and defense sector
  • High dependence on US government
  • Concentrated buyers
  • High reliance on component suppliers
  • Limited presence in the European market
  • High dependence on the US government
  • Limited buyers base
  • High dependence on suppliers
  • Dependent on few buyers
  • Dependent on component suppliers
  • Limited products offering
  • Dependence on Government Contracts and Defense Spending
  • Limited Presence in Emerging Markets
  • Dependence on suppliers

Opportunities

  • Demand for technological products in defense sector
  • Increase in naval spending by Asia-Pacific countries
  • Significant growth prospects through collaborations, mergers, and acquisitions
  • Growth opportunities in the Asian and Middle Eastern markets owing to increasing satellite launches
  • Mergers and acquisitions to increase its market presence
  • New customers from online channels
  • Scope to expand in emerging markets
  • Scope of mergers & acquisitions in Asia
  • Increase in military spending by Asia-Pacific countries, such as China and India
  • Significant growth prospects through tie-ups, mergers, and acquisitions
  • Growth in Cybersecurity and Intelligence Solutions
  • Increasing Demand for Unmanned Aerial Systems and Autonomous Technologies
  • Scope for expansion in emerging markets

Threats

  • Economic slowdown
  • Stringent government regulations
  • Threats from competitors such as Lockheed Martin Corporation owing to strong presence in the North American market
  • Rising costs of raw materials
  • Reduction of defense budgets
  • Threats from competitors such as Thales Group owing to its growing presence in the European and Asian markets
  • Stringent regulations
  • High competition
  • Threats from competitors such as Israel Aerospace Industries owing to its growing presence in the European and Asian markets
  • Fluctuations in Government Spending on Defense and Aerospace
  • Intense Competition from Other Players in the Defense Industry
  • Threats from competitors such as Israel Aerospace Industries owing to its growing presence in the European and Asian markets

Key Developments

DateApproachDevelopment
December 2019ContractNorthrop Grumman Corporation signed a contract with Saturn Satellite Networks to provide OmegA space launch vehicles to launch two satellites into the geosynchronous orbit.
October 2019ContractNorthrop Grumman Corporation signed a contract with NASA to launch the latter’s ICON satellite using the PEGASUS launch vehicle.
October 2018AgreementNorthrop Grumman Corporation signed an LSA worth approximately USD 792 million with the US Air Force to develop the OmegA launch vehicle for the US Air Force’s Evolved Expendable Launch Vehicle (EELV) program.
November 2019ContractNorthrop Grumman Corporation signed a contract worth USD 70 million with the US Army to build and test software for the army’s air and missile defense command and control system.
November 2019ContractNorthrop Grumman Corporation signed a contract worth USD 60.6 million with the US Army to provide engineering and training services for the army’s Integrated Air and Missile Defense (IAMD) Battle Command System (IBCS).
July 2019ContractNorthrop Grumman Corporation signed an ID/IQ contract with the US Army, worth USD 104 million, to provide UH-1Y, AH-1Z and UH-60V mission computers.
May 2019ContractNorthrop Grumman Corporation signed a contract with the US Air Force amounting to USD 46 million to provide eight advanced electronic warfare simulation and training systems
October 2018ContractNorthrop Grumman Corporation signed a contract with the US Air Force to provide unified platforms.
October 2018ContractNorthrop Grumman Corporation signed a contract with the US Air Force, amounting to USD 17.5 million, to upgrade the US Air Force’s central computers in the E-8C Joint STARS fleet.
November 2017ContractNorthrop Grumman Corporation signed a contract with the US Air Force, amounting to USD 349.6 million, to provide support services for the US Air Force’s E-8C Joint STARS fleet.
March 2023PartnershipNorthrop Grumman announced that it had signed a memorandum of understanding with the Royal Australian Air Force to explore opportunities for collaboration on the development of advanced aerospace capabilities, including maritime airborne sensor systems. This partnership could lead to new product launches or other developments in the future.
November 2022Product DevelopmentNorthrop Grumman announced that it had successfully conducted a flight test of its Advanced Anti-Radiation Guided Missile-Extended Range (AARGM-ER) from an EA-18G Growler electronic warfare aircraft. The AARGM-ER is a missile system that can detect and engage enemy radar systems, including those on naval vessels, from extended ranges.
May 2021Product DevelopmentNorthrop Grumman announced that it had been selected by the U.S. Navy to provide a new radar system for its MQ-8C Fire Scout unmanned aerial vehicle (UAV). The radar system, called the AN/ZPY-8(V)1, is a maritime surveillance radar designed to detect and track small surface targets in littoral environments.
June 2018AcquisitionNorthrop Grumman announced that it had completed its acquisition of Orbital ATK, a company that specializes in aerospace and defence technologies, for $9.2 billion. This acquisition is expected to enhance Northrop Grumman's capabilities in areas such as space systems, missile defence, and aerospace structures, which could have implications for its maritime airborne sensor systems.
September 2022Product LaunchNorth Grumman has introduced new counter drone solution which uses lates technologies of weapons.

Product Offering

  • Northrop Grumman Corporation
    • Counter IED system
    • Antares Rocket
    • PEGASUS
    • OmegA
    • SecureC4
    • Naval Vessel MRO Services
    • C5ISR
    • Pseudo Satellites
    • Robotics
    • Military IoT
    • Military Simulation and Virtual Training
    • UGS
    • Counter UAS
    • Airport Surveillance Radar
    • Global Maritime Airborne Sensor Market
    • Counter UAS System
    • Counter UAS System

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Northrop Grumman Corporation as part of our ongoing coverage of the Aerospace sector, drawing on public company data, filings, and market intelligence.

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Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Northrop Grumman Corporation

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