AI English summary of an SEC filing — figures as filed
Northrop Grumman NOCNorthrop Grumman said it completed the sale of substantially all of the Immersive Mission Solutions (IMS) operating unit of Defense Systems on May 24, 2025 for $333 million in cash, subject to a final working capital adjustment, and recorded a pre-tax gain on sale of $231 million.
Key points
AI summaryNorthrop Grumman said it completed the sale of substantially all of the Immersive Mission Solutions (IMS) operating unit of Defense Systems on May 24, 2025 for $333 million in cash, subject to a final working capital adjustment, and recorded a pre-tax gain on sale of $231 million.
The company said segment operating income for Q2 2025 increased $118 million, or 11%, and segment operating margin rate rose to 11.8% from 10.8%. Year to date, segment operating income decreased $418 million, or 19%, and the company cited the Q1 B-21 loss provision of $477 million as factors.
Northrop Grumman said year to date 2025 cash used in operating activities was $697 million, compared with net cash provided of $719 million in the prior year period. Free cash flow decreased $1.3 billion, which the company attributed to an increase in net cash taxes of $1.0 billion and an increase in working capital.
The company said net awards for Q2 2025 totaled $7.4 billion, year to date awards totaled $18.2 billion, and backlog was $89.7 billion. As of June 30, cash and cash equivalents were $1.9 billion and commercial paper outstanding was $570 million, and in May the company issued $1.0 billion of unsecured senior notes.
Key figures
Quarter ended June 30, 2025
- Revenue
- $10.4B
- Operating income
- $1.4B
- Net income
- $1.2B
- EPS
- $8.15
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Training Services Business Divestiture and Pre-Tax Gain on Sale of $231 million
Northrop Grumman said it completed the sale of substantially all of the Immersive Mission Solutions (IMS) operating unit of Defense Systems on May 24, 2025 for $333 million in cash, subject to a final working capital adjustment, and recorded a pre-tax gain on sale of $231 million.
Source · Based on the MD&A text of the filing
Q2 Segment Operating Income Increase and Year to Date Decrease
The company said segment operating income for Q2 2025 increased $118 million, or 11%, and segment operating margin rate rose to 11.8% from 10.8%. Year to date, segment operating income decreased $418 million, or 19%, and the company cited the Q1 B-21 loss provision of $477 million as factors.
Source · Based on the MD&A text of the filing
Year to Date Operating Cash Flow and Free Cash Flow
Northrop Grumman said year to date 2025 cash used in operating activities was $697 million, compared with net cash provided of $719 million in the prior year period. Free cash flow decreased $1.3 billion, which the company attributed to an increase in net cash taxes of $1.0 billion and an increase in working capital.
Source · Based on the MD&A text of the filing
Net Awards, Backlog and Liquidity Position
The company said net awards for Q2 2025 totaled $7.4 billion, year to date awards totaled $18.2 billion, and backlog was $89.7 billion. As of June 30, cash and cash equivalents were $1.9 billion and commercial paper outstanding was $570 million, and in May the company issued $1.0 billion of unsecured senior notes.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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