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February 13, 2016 9:29 AM ET

Aerospace and Defense

Company Overview of Northrop Grumman Electronicos, Inc.

Company Overview

Northrop Grumman Electronicos, Inc. designs, develops, and manufactures electronics for military, civil, and commercial applications. The company operates in three divisions: Aerospace Systems division, Defensive Systems division, and Navigation Systems division. Its Aerospace Systems division provides airborne surveillance systems; combat avionics systems; space based infrared system; radio frequency information systems; and surveillance and remote sensing systems. The company’s Defensive Systems division offers EO/IR targeting and surveillance systems; electronic and electro-optical weapon systems; laser systems; air defense systems; and simulation and measurement products, as well as weap...

1580-A West Nursery Road

Linthicum, MD 21090

United States

Founded in 1996

Key Executives for Northrop Grumman Electronicos, Inc.

President and Corporate Vice President
Age: 56
Chairman of Northrop Grumman Corporation, Chief Executive Officer of Northrop Grumman Corporation and President of Northrop Grumman Corporation
Age: 54
Vice President of Engineering
Vice President of Engineering, Manufacturing & Logistics for the Naval and Marine Systems Division
Compensation as of Fiscal Year 2015.

Northrop Grumman Electronicos, Inc. Key Developments

Northrop Grumman Electronicos, Inc. expected to report Fiscal Year 2015 results on February 12, 2016. This event was calculated by Capital IQ (Created on February 6, 2016).

Northrop Grumman Electronicos, Inc. expected to report Fiscal Year 2015 results on February 12, 2016. This event was calculated by Capital IQ (Created on February 6, 2016).

Northrop Grumman Electronic Systems Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Northrop Grumman Electronic Systems announced unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported sales of $1,711 million against $1,830 million a year ago. Operating income was $281 million against $315 million a year ago. Sales decreased 7%, due to lower volume and deliveries for airborne ISR and targeting, navigation and maritime systems, and space programs, as well as the impact of cost reduction initiatives. For the year, the company reported sales of $6,842 million against $6,951 million a year ago. Operating income was $1,068 million against $1,148 million a year ago. Sales declined 2% due to lower volume for airborne ISR and targeting programs and lower volume for land and self-protection programs due to in-theater force reductions. These impacts were partially offset by higher volume for navigation and maritime systems programs. Operating income declined 7%. Lower operating income rate are primarily due to lower volume, a change in business mix that includes lower volume for mature fixed price programs, as well as less favorable performance in airborne ISR and targeting and land and self-protection programs.

Northrop Grumman Electronic Systems Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Northrop Grumman Electronic Systems reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales of $1,767 million compared to $1,733 million a year ago. Operating income was $275 million compared to $274 million a year ago. For the nine months, the company reported sales of $5,131 million compared to $5,121 million a year ago. Operating income was $787 million compared to $833 million a year ago.

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