Northrop (NOC) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 10:23 AM CDT 35 min read

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Tuesday, Apr. 21, 2026 astatine 9:30 a.m. ET

• Chair, Chief Executive Officer & President — Kathy Warden

• Corporate Vice President and Chief Financial Officer — John Green

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Kathy Warden: Thanks, Todd. Good morning, everyone, and acknowledgment for joining america today. The Northrop Grumman Corporation squad is arrogant of the enactment we bash successful enactment of the world's astir important nationalist information imperatives. As we are seeing successful caller subject operations, galore of our systems are playing a captious relation successful successfully executing the ngo and returning our work members location safely. We lend enduring assets similar the B-2 stealth bomber and the E-2D that proceed to show tremendous worth decades aft their archetypal flight. Our ISR and C2 systems supply the needed quality to program and behaviour palmy operations crossed each domains, and our munitions are instrumental to execute these missions.

We stock successful the work and urgency of our customers to supply our federation and allies with the champion technologies successful the world, and we are progressively focused connected the velocity with which we present them. With this extremity successful mind, we person been investing successful our concern for respective years to physique capableness and capableness and supply the solutions astatine the standard our customers request to vie successful this environment. In fact, successful the past 2 years, we person opened implicit 20 caller facilities and added much than 2 cardinal quadrate feet of manufacturing abstraction crossed the United States.

Since the opening of 2026, we person agreed with our customers connected plans to accelerate the Sentinel program, summation the complaint astatine which we physique the B-21, go a 2nd root supplier of coagulated rocket motors connected respective programs, and ramp our complaint of accumulation connected different fistful of programs. And we are conscionable getting started. We are successful discussions connected galore further opportunities to assistance execute the department's extremity for velocity and scale. Central to each these agreements is our concern with our customers arsenic we alteration the mode we enactment together. Our teams are aligned successful unprecedented ways to present connected our commitments and alteration our equipped forces to win.

Earlier this morning, we released our archetypal 4th results which bespeak beardown demand, coagulated operating performance, and advancement we are making connected cardinal programs. First 4th integrated income were up 5%, a large commencement to the twelvemonth and accordant with our afloat twelvemonth expectations. Sales were mostly driven by maturation successful our enactment connected modernizing the triad, which is simply a apical precedence successful the U.S. National Defense Strategy. We had different 4th of coagulated bookings, reinforcing the instauration for continued maturation implicit the coming quarters and into adjacent year. Our results and our assurance successful our outlook are supported by a robust request situation driven by rising planetary defence budgets.