United States
The Northrop Grumman Corporation is a huge American defense and aerospace technology company that was formed when Northrop purchased Grumman in 1994. In 2017, they had the honor of being the fourth largest arms trader in the entire world and reported about 84% of their revenue as coming from activities related to defense. They feature four business sectors: Mission Systems, Aerospace Systems, Innovation Systems, and Technology Services.
Read moreThis company was originally created by Jack Northop in 1939 in California. The Northrop Corporation was then, in 1985, reincorporated in Delaware. When the Cold War ended, they proceeded to compete a number of different acquisitions. They bought companies such as Westinghouse, Grumman Aerospace, TRW Inc., and others.
In 2018, they were able to buy Orbital ATK, which they then renamed as Northrop Grumman Innovation Systems.
Northrop Grumman has a huge and very varied portfolio. They are known to act as the subprime and the prime for various aerospace programs. They have been involved in gathering intelligence and providing cyber information and intelligence. Additionally, they are renowned for their incredible mission systems capabilities.
Currently, Northrop Grumman is ranked at 118 on the 2018 Forbes list of the largest corporations in America. They have won many trophies in recent years, most notably the Collier Trophy. This was given to them for their work on SpaceShipOne, the world’s first flown space vehicle that was privately financed, built, and then flown.
Forbes named Northrop Grumman the Company of the Year in 2002 and stated that they are a highly innovative company that has mastered the art of innovation. After this distinction, however, they have no longer been on Forbes’ list of the best 400 companies in America.
Northrop Grumman has a great reputation for being involved in educational programs and donating thousands of dollars to charity.
Even though they are committed to charity and education, they have had some problems with environmental care. In 2000, they were designated as a Primary Responsible Party for 13 hazardous waste sites under federal law and eight under state law. This company has also been linked to 52 different superfund toxic waste sites.
They have been the target of multiple high-profile civil and criminal cases, most recently in 2012. This controversy began over Northrop Grumman missing their first deadline for their Integrated Air and Missile Battle Command System. In 2016, it was reported that this system had major faults.
One of the worst crashes that Northrop Grumman has ever experienced occurred on April 22, 2019. What makes this crash so unfortunate and terrible is that it was the last remaining N-9M in existence. Northrop Grumman only built four of these planes. The pilot in the plane died due to the crash and the bright yellow wing landed inside the California Rehabilitation Center in Norco, California.
Another recent crash occurred on February 23, 2008, when a B-sAV-12 crashed shortly after taking off at the Andersen Air Force Base. This aircraft had logged almost 5,200 flight hours, but both members of the two-person crew were able to eject and survive. However, the hull loss of the accident was valued around $1.4 billion.
The corporate headquarters of Northrop Grumman is located in West Falls Church, Virginia, near Washington DC, although they operate throughout the world.
Manufacturing plants are located in multiple locations, including Alabama, Arizona, and California, as well as Maryland, Texas, and Illinois.
This company makes a myriad of different products including aircraft. Some of the most famous products that they make include the Apollo Lunar Module, all-weather radars, fighter aircraft that are both land- and sea-based, ballistic missiles, and even stealth bombers.
Northrop Grumman also manufactures military vessels, chain guns, munitions, and autocannons. They are involved in the design and manufacture of land, sea, and space equipment.
As of early 2019, Northrop Grumman reported a total of 93,000 employees.
The president and CEO of Northrop Grumman is Kathy J. Warden.
In 2018, Northrop Grumman reported a revenue of $30.1 billion dollars. They reported a net income of $3.229 billion and had an operating income of $3.78 billion.