Two major aerospace primes released their 2025 earnings reports on Tuesday, and both reported sales increases in the overall businesses.
High level: Northrop Grumman ($NOC) reported $13B in sales in 2025, a 5% increase compared to the previous year. That includes $3.9B in the fourth quarter of 2025—an 18% increase compared to the same time period in 2024.
Zoom in: Despite Northrop’s improvements over 2024, the contractor’s space systems business segment saw a downturn in sales.
- The space systems segment reported $2.9B in Q4 2025 sales, a 5% boost from the last quarter of the prior year.
- For the full year, however, Northrop reported $10.8B in space sales—an 8% drop compared with 2024.
- Space systems reported full year operating income of $1.18B, a 6% decrease year-over-year.
The decrease is primarily driven by the end of work on classified and intelligence programs, as well as lower production volume on the SLS booster program and a decrease in SDA satellite programs “due to the timing of materials,” according to a press release.
High-level II: RTX ($RTX) reported $88.6B in sales in 2025, up 10% compared with the previous year, including $24.2B in the fourth quarter of the year—a 12% increase YoY.
The company is only heading upwards, according to officials, who predicted sales of between $92B and $93B in 2026.
