Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based defense contractor posted $12.3B in contract awards during the quarter with a total backlog of $57.3B and a book-to-bill ratio of 1.5x.
Northrop Grumman Innovation Systems reported $1.4B in Q1 2019 sales and an operating margin of 11.6 percent, while the company’s technology services business reported $977M in first-quarter sales and an operating income of $102M.
Sales of Northrop’s aerospace systems sector rose 7 percent to $3.5B in Q1 2019 driven by B-21, F-35, Triton, E-2D aircraft programs and space initiatives, while the mission systems segment posted $2.9B in revenue and a 3 percent increase in operating profit.
Northrop CEO and a 2019 Wash100 winner Kathy Warden discussed several programs at the company’s April 24 earnings call. These include the U.S. Army’s Integrated Battle Command System; the U.S. Air Force’s 2020 decision to buy the U.S. Navy’s AARGM-ER anti-radar missile for F-35 stand-in attack missile; and the innovation systems segment’s growth in hypersonic offense missile programs, McAleese noted.
The report also mentioned Northrop’s move to establish a “resiliency and rapid prototyping space” division, which mirrors the Air Force’s space rapid capabilities office and the Department of Defense’s space development agency.