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NORTHROP GRUMMAN CORPORATION

(NOC)
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Northrop Grumman Delivers 10,000th Guided Multiple Launch Rocket System Rocket Motor; Company optimizes manufacturing capacity to meet increased demand

12/03/2021 | 10:14am EST

ROCKET CENTER, W.Va. - Northrop Grumman Corporation (NYSE: NOC) recently delivered the 10,000th Guided Multiple Launch Rocket System (GMLRS) propulsion system to Lockheed Martin's Camden, Arkansas, final assembly facility.

The propulsion system will be integrated into GMLRS missiles - a free flight rocket designed to engage targets from 13 to 70 kilometers. The precision of the system makes it especially effective against embedded targets.

'Our investment in digital technologies has helped us to more efficiently produce our GMLRS insensitive munitions propulsion systems while increasing weapon safety on the battlefield,' said Rebecca Torzone, vice president, missile products, Northrop Grumman.

To help meet the increased demand from the U.S. Army and other DoD services for higher quantities of GMLRS and related systems, Northrop Grumman designed and constructed a purpose-built manufacturing facility at the Allegany Ballistics Laboratory (ABL) in Rocket Center using lean manufacturing and digital engineering techniques. The facility provides for the efficient design, development and production of this critical weapon system component.

Northrop Grumman's insensitive munition (IM) compliant propulsion system consists of a modernized solid rocket motor incorporating IM-enhancing technologies and an ignition safety device to further improve the weapon system's safety characteristics. The resulting IM propulsion system is used to power the U.S. Army's GMLRS missile.

Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers' toughest problems, our 90,000 employees define possible every day.

Media Contact

Kailen Brant

443-465-8963

kailen.brant@ngc.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 36 049 M - -
Net income 2021 5 238 M - -
Net Debt 2021 8 449 M - -
P/E ratio 2021 12,3x
Yield 2021 1,55%
Capitalization 63 900 M 63 900 M -
EV / Sales 2021 2,01x
EV / Sales 2022 1,95x
Nbr of Employees 97 000
Free-Float -
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Number of Analysts 18
Last Close Price 398,81 $
Average target price 406,94 $
Spread / Average Target 2,04%
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Managers and Directors
Kathy J. Warden Chairman, President & Chief Executive Officer
David F. Keffer Chief Financial Officer & Vice President
Richard Scott Stapp Chief Technology Officer
Carl Hahn Chief Compliance Officer & Vice President
Sang-IL Park Director-Corporate Investments
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