Throughout American history dating back to the late 1930s, we have seen many wars, a man stepping foot on the moon along with the fearsome sector of what is the U.S. military. In this report we will be taking a look at Northrop Grumman, an American company that has played part in both the war effort(s) along with the Space Race.
Northrop Grumman is an aerospace and defense company for the United States. The company designs and develops some of the most advanced products in the world. Northrop Grumman can trace its history back to the Grumman Corporation (1930 - 1994), where it was originally founded in Long Island, New York. A name change would take place in 1994 when the Grumman Corp. bought Grumman Aerospace for $2.1 B, changing then to Northrop Grumman. Their four business sectors (as of 2023) are aeronautics systems, mission systems, defense systems and space systems. With that Northrop Grumman supplies the U.S. Government, mainly the Department of Defense and Intelligence Community
The company is mainly known for manufacturing aircraft for the United States. The then Grumman Corp. started its American military history when they manufactured all American Naval aircraft during World War Two. When it comes to the aircraft they have put on the production line over their history, it is the B-21 Raider, A-10 Thunderbolt II, and the F-35 Lightning II, that are most famous along with being well known amongst the public. Overall Northrop Grumman is one of the world’s largest weapons manufacturers and military tech providers, the firm ranks 101st on the Fortune 500 Largest Corp. list (2022).
Northrop Grumman’s space systems program puts reality and history in orbit. The company supports NASA’s Artemis program with the production / providing of solid rocket boosters for NASA’s Space Launch System. The company was also part in manufacturing components for the first satellite programs, Apollo moon landings and the International Space Station. One of the biggest things that Northrop Grumman created is the Defense Support Program (DSP). The DSP satellites have been a space segment of NORAD’s Tactical Warning and Attack Assessment system since the 1970s. Northrop Grumman’s DSP can report ballistic missile launches and nuclear detonations, this was used mainly due to tensions from the Cold War, but still offers service today. Without a doubt the company has been the backbone of America’s space program and national security.
Northrop Grumman’s money line features $35.67B in revenue, $5.65B in operating income, a net income of $7.01B, $42.58B in total assets and $12.93B in total equity. Buying a share in Northrop Grumman will set you back around $500, (NYSE: NOC $495.70). Northrop Grumman employs around 90,000 people to work amongst their sectors, employees (depending on the position) will earn an average of $65,000 - $139,900 a year. And with that Northrop Grumman is one of the largest and most impacting companies in America.