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Northrop Grumman Corporation (NOC) Q4 2025 Earnings Call Transcript

Northrop Grumman Corporation (NOC) Q4 2025 Earnings Call January 27, 2026 9:30 AM EST

Company Participants

Todd Ernst – Vice President, Investor Relations
Kathy Warden – Chair, CEO & President
Kenneth Crews
John Greene – Corporate VP & CFO

Conference Call Participants

Ronald Epstein – BofA Securities, Research Division
Sheila Kahyaoglu – Jefferies LLC, Research Division
Kristine Liwag – Morgan Stanley, Research Division
Scott Deuschle – Deutsche Bank AG, Research Division
Robert Stallard – Vertical Research Partners, LLC
Seth Seifman – JPMorgan Chase & Co, Research Division
Gavin Parsons – UBS Investment Bank, Research Division
John Godyn – Citigroup Inc., Research Division
Myles Walton – Wolfe Research, LLC
Kenneth Herbert – RBC Capital Markets, Research Division
Richard Safran – Seaport Research Partners
Gautam Khanna – TD Cowen, Research Division
Douglas Harned – Bernstein Institutional Services LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to Northrop Grumman’s Fourth Quarter 2025 Conference Call. Today’s call is being recorded. My name is Josh, and I will be your operator today. [Operator Instructions] I would now like to turn the call over to your host, Mr. Todd Ernst, Vice President, Investor Relations. Mr. Ernst, please proceed.

Todd Ernst
Vice President, Investor Relations

Thanks, Josh, and good morning, everyone, and welcome to Northrop Grumman’s Fourth Quarter 2025 Conference Call. Before we start, matters discussed on today’s call, including guidance and outlooks for 2026 and beyond, reflect the company’s judgment based on information available at the time of this call. They constitute forward-looking statements pursuant to safe harbor provisions of federal securities laws. Forward-looking statements involve risks and uncertainties, including those noted in today’s press release and our SEC filings. These risks and uncertainties may cause actual company results to differ materially.

Today’s call will include non-GAAP financial measures that are reconciled to our GAAP results in our earnings release. In addition, we will refer to a

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