Northrop Grumman’s Revenue by Segment (2019-2022)

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The statistic highlights Northrop Grumman’s Revenue by Segment, split across Aeronautics Systems, Defense Systems, Mission Systems and Space Systems segments, reported on a quarterly basis.
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The statistic highlights Northrop Grumman’s Revenue by Segment, from Q1 2019 onwards, split across Aeronautics Systems, Defense Systems, Mission Systems, Space Systems, and Intersegment Eliminations, on a quarterly basis.

Northrop Grumman’s Revenue by Segment

The following table shows Northrop Grumman’s Revenue by Segment for Q4 2021, Q3 2021, and Q4 2020.

Revenue by Segment Q4 2020 Q3 2021 Q4 2021 Contribution in Q4 2021
Space Systems $2,550.00 $2,681.00 $2,658.00 30.77%
Aeronautics Systems $3,487.00 $2,725 $2,631.00 30%
Mission Systems $2,736.00 $2,436.00 $2,521.00 29%
Defense Systems $1,917 $1,409 $1,378 16%
Intersegment Eliminations ($478) ($531) ($549) -6.35%
Total $10,212 $8,720 $8,639 100.00%

(All figures in millions, except percentages)

Space Systems

The company generates most of its revenue from this segment. It specializes in delivering end-to-end mission solutions. Space Systems segment designs, develops, manufactures, and operates satellites and payloads, ground systems, launch vehicles and related propulsion systems, missile defense systems, and strategic missile systems. The prime users of these systems include civil government, national security, commercial and international customers. Space System is further divided into two reportable business areas:

  • Launch & Strategic Missiles: It develops, designs, manufactures, and integrates missile defense systems, small and medium-class space launch vehicles which positions satellites into earth orbit, suborbital launch vehicles which positions payloads into a wide range of high-altitude orbits, and large strategic missile systems.
  • Space: It includes subsystems, sensors, spacecraft systems, ground and payload systems, communications, on-orbit servicing, science and environmental, human-rated space systems, and deep-space exploration missions.

Aeronautics System

The company’s Aerospace Systems segment, designs, develops, manufactures as well as integrates, sustains, and modernizes advanced aircraft systems. The key users of these aircraft comprise the U.S. Navy, the U.S. Air Force, other U.S. government agencies, and international customers. Air missions supported by aircraft systems are air dominance, strike, battle management, and control. In addition, it also supports “ISR” which stands for Intelligence, Surveillance, and Reconnaissance. Aeronautics System is further divided into two reportable business areas:

  • Autonomous Systems: Under this business area, unmanned autonomous aircraft systems are provided, along with vertical take-off and landing (VTOL) strategic ISR systems and high-altitude long-endurance (HALE) tactical ISR systems.
  • Manned Aircraft: Under this business area, tactical long-range strike aircraft, strategic fighter, and air dominance aircraft are provided. Furthermore, airborne battle management, control, and command systems are also supplied.

Mission Systems

This segment delivers advanced mission solutions and multifunction systems. The key users of these systems are the U.S. defense and intelligence community, and multinational customers. It provides a wide range of products and services including surveillance and reconnaissance (C4ISR) systems, acoustic sensors, electro-optical/infrared (EO/IR), electronic warfare systems, advanced communications and network systems, cyber solutions, intelligence processing systems, navigation, and maritime propulsion, power and payload launch systems. The Mission system is further divided into two reportable business areas:

  • Airborne Multifunction Sensors
  • Maritime/Land Systems & Sensors
  • Navigation, Targeting & Survivability
  • Networked Information Solutions

Defense Systems

Defense system segment, develops, designs, and manufactures as well as integrates, modernizes, and sustains weapon and mission systems. The prime users of these systems include the U.S. military, civilian agency customers, and an expansive range of international customers. Primary products and services that come under this segment comprise weapons systems, integrated battle management systems, and mission and aircraft systems modernization and sustainment. Defense System is further divided into two reportable business areas:

  • Battle Management & Missile Systems: It develops, designs, and integrates multi-domain control (C2), command, and weapon systems, along with missiles and munitions. In addition, this business category also develops and produces advanced propulsion, precision strike weapons, high-performance gun systems, and precision munitions.
  • Mission Readiness: This business category provides complete life cycle service and support for weapons systems, software, and aircraft. Furthermore, for all air, sea, and ground systems it provides sustainment, operations and modernization, and logistics support. It also specializes in providing critical warfighter training in a realistic virtual environment for complex missions.

Intersegment Eliminations

The value at which the sales between the segments are recorded, contains intercompany operating income, for the particular segment. It is based on the segment’s expected average operating margin rate for outer sales. In other words, Intersegment eliminations include revenue from initiatives that facilitate trade between the company’s operational segments. Due to such intercompany operating income, the company’s total operating income may reflect inaccurate results in consolidated files. Hence, such income is deducted during consolidation, so that company’s total operating income and sales depict only those trades which are made with external customers.

About the Company

Northrop Grumman Corporation serves customers internationally, with its high-quality innovative products, services, and integrated solutions, mainly in the aerospace and defense sectors. As a prime contractor, principal subcontractor, partner, or preferred supplier, they participate in a variety of high-priority defense and government services technology programs in the United States (US) and worldwide. They do a majority of their business with the United States government, primarily with the Department of Defense (DoD) and the intelligence community. The common stock of the company is traded on New York Stock Exchange “NYSE” under the ticker symbol “NOC”.

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