10-Q

Quarterly report

✓ VerifiedNorthrop Grumman's quarterly report shows operating income up $416 million, or 73 percent, lapping the prior-year $477 million B-21 loss provision, with net earnings up 82 percent and a $13.3 billion Sentinel EMD contract in hand.

Filed Apr 21, 2026 · 16:03 ET

Summary

First-quarter operating income increased $416 million, or 73 percent, largely because the prior year absorbed a $477 million B-21 loss provision.
Net earnings increased $394 million, or 82 percent, helped by a $36 million higher pension benefit.
The Air Force awarded a $13.3 billion contract for the Sentinel EMD phase; the company plans approximately $2.5 billion of multi-year capacity investment on B-21.
A $157 million net unfavorable adjustment hit the first four B-21 LRIP lots, offset by a reduced loss accrual on the rest of the program.

Key facts

Operating income: up $416 million, 73%
From the filing for Operating income
“operating income increased $416 million, or 73 percent”
Sentinel EMD: $13.3 billion
From the filing for Sentinel EMD
“awarded Northrop Grumman a $13.3 billion contract for the EMD phase of the Sentinel program”

Why it mattersThe B-21 overhang is stabilizing while Sentinel becomes the next decade's franchise program.

Filed: Apr 21, 2026
Accepted: 2026-04-21 20:03Z
Period: Mar 31, 2026
Accession no.: 0001133421-26-000016
Size: 7.9 MB
Index: Filing index

Summary

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