TacticScaleWhat Northrop Grumman Does & How It Makes Money (NOC)
Updated October 2026 · reflects Northrop Grumman's latest reported financials
U.S. aerospace and defense technology company building aircraft, weapons, and space systems. It earns revenue by designing, developing and producing aerospace and defense systems for defense and government customers.
How Northrop Grumman makes money
It earns revenue by designing, developing and producing aerospace and defense systems for defense and government customers. It also earns ongoing revenue from sustainment, modernization, training and operation services for those systems.
What Northrop Grumman does
Northrop Grumman is a large U.S. aerospace and defense technology company founded in 1939. It has four segments. Aeronautics Systems builds and sustains aircraft, including unmanned surveillance drones, long-range strike aircraft, fighters and airborne command-and-control systems. Defense Systems makes strategic deterrent systems, tactical and precision weapons, solid rocket motors, hypersonic systems, gun systems and ammunition, and it provides sustainment and training services. Mission Systems supplies the sensing and connectivity layer: radar, infrared and acoustic sensors, electronic warfare, communications networks, microelectronics, navigation, maritime propulsion and cyber solutions. Space Systems builds satellites, payloads, ground systems, missile defense interceptors and launch vehicles. Together, these segments make the company a supplier across air, land, sea, space and cyber, with revenue from both new programs and long-term support of equipment already in service.
Products & services
- Strategic long-range strike and tactical fighter aircraft
- High-altitude long-endurance unmanned surveillance aircraft
- Strategic missiles, solid rocket motors and hypersonic systems
- Radar, electronic warfare and C4ISR systems
- Satellites, spacecraft and missile defense interceptors
- Launch vehicles and related propulsion systems
What is Northrop Grumman worth?
On an owner-earnings DCF, Northrop Grumman's most-likely value is about $537 versus a recent price near $481 (12% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$293) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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