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Northrop Grumman Q1 Net Awards $6.5B, Backlog $78.9B

Author: Benzinga Newsdesk | April 25, 2024 06:50am

Awards and Backlog

First quarter 2024 net awards totaled $6.5 billion and backlog totaled $78.9 billion. Significant first quarter new awards include $3.1 billion for restricted programs (primarily at Aeronautics Systems, Space Systems, and Mission Systems). As previously disclosed, in January 2024, the company received a termination for convenience in our restricted Space business. The company reduced unfunded backlog by $1.6 billion during the first quarter of 2024 related to the termination.

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