Company type | Public |
---|---|
Industry | Aerospace, defense |
Predecessors | |
Founded | 1994 |
Headquarters | , United States |
Area served | Worldwide |
Key people | Kathy J. Warden (President and CEO) |
Revenue | US$41.03 billion (2024) |
US$4.370 billion (2024) | |
US$4.173 billion (2024) | |
Total assets | US$49.36 billion (2024) |
Total equity | US$15.29 billion (2024) |
Number of employees | c. 97,000 (2024) |
Website | www |
Footnotes / references [1][2] |
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 97,000 employees[3] and an annual revenue in excess of $40 billion, it is one of the world's largest weapons manufacturers and military technology providers.[4][5][6] Formed in 1994 through Northrop Corporation's purchase of Grumman Aerospace, Northrop Grumman ranked as the third-largest defense contractor in the world as of 2022. The firm ranked No. 101 on the 2022 Fortune 500 list of America's largest corporations.[7]
Northrop Grumman and its industry partners have won the Collier Trophy nine times, most recently for the development and production of the James Webb Space Telescope, an orbiting observatory launched in 2021.[8]
Northrop Grumman leads the development of the B-21 Raider, a long-range, stealth strategic bomber that can drop conventional and nuclear weapons; it will replace Northrop's own B-2 Spirit, the world's only known stealth bomber. Among its other projects are the production of the solid rocket boosters for NASA's Space Launch System program. It was the sole bidder on the Air Force's Ground Based Strategic Deterrent program, which aims to develop and build a new intercontinental ballistic missile.