Northrop Grumman Corporation: Update to credit analysis following change in outlook to positive
Our credit view of this issuer reflects its strong backlog, offset by its supply chain constraints and lower labor productivity as new hires advance on learning curves.Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.
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