• Northrop Grumman executives Kathy Warden, Chair, CEO and President, and John Thomas Greene, Corporate VP and CFO, discussed Q1 FY 2026 results on conference call hosted by Vice President, Investor Relations Todd Ernst.
• Management outlined agreements with customers to accelerate Sentinel program, raise B-21 annual production rate by 25%, expand solid rocket motor second-source supply, supported by more than 20 new facilities and over 2 million square feet of added manufacturing space in past two years.
• Warden set Sentinel schedule for Milestone B later this year, first flight in 2027, initial operating capability in early 2030s; she sized Sentinel at about 6%-7% of revenue with path toward 10% over time.
• Greene reported Q1 awards of $9.8 billion, backlog of $96 billion, sales of $9.9 billion; Space results included $71 million unfavorable earnings adjustment on GEM 63XL.
• Company reaffirmed 2026 guidance for sales of $43.5 billion-$44 billion, raised capital expenditure outlook to $1.85 billion including about $200 million tied to higher B-21 capacity, maintained free cash flow outlook of $3.1 billion-$3.5 billion.

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