Northrop Grumman Corporation (NOC, Financial) reported a remarkable performance in the first quarter of 2025, with net awards reaching $10.8 billion. The company's backlog also saw substantial growth, totaling $92.8 billion, indicating a robust pipeline of future projects.
Among the new awards secured during the quarter, the company highlighted $4.6 billion allocated to restricted programs, primarily within its Space Systems, Aeronautics Systems, and Mission Systems sectors. Additionally, Northrop Grumman secured $1.1 billion for its F-35 projects, with a significant portion designated primarily for Mission Systems and Aeronautics Systems.
Other notable contracts include a $0.5 billion award for the Integrated Battle Command System (IBCS) program, as well as $0.3 billion each for the Triton and E-2 programs. These contracts underscore the company's continued success in securing key defense and aerospace projects.
