Northrop Grumman Corporation: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-05-22
Other years: 2026 vs 2025 · 2025 vs 2024
⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Northrop Grumman's 10-K risk disclosures shifted focus toward geopolitical and international business exposure, adding a new risk specific to international operations while removing ESG and climate-related disclosures. The company substantially modified 24 existing risks, with particularly significant revisions to litigation exposure and government funding risks, suggesting material changes in legal, regulatory, or budget uncertainty. The net reduction of three risk factors (4 added, 7 removed) indicates a strategic narrowing of disclosed risk categories despite heightened modifications to core operational risks.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

4
New Risks
7
Removed
24
Modified
5
Unchanged
🟢 New in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🟢 New in Current Filing •Our international business exposes us to additional risks, including risks related to geopolitical and economic factors, laws and regulations. 🔒
🟢 New in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🟢 New in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🔴 No Match in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🔴 No Match in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🔴 No Match in Current Filing •Risks associated with environmental, social and governance matters (ESG), including especially climate change and other environmental impacts, and increased focus and evolving views of our customers, shareholders and other stakeholders on these issues, could negatively affect our business and operations. 🔒
🔴 No Match in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🔴 No Match in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🔴 No Match in Current Filing ▪Many of our contracts contain performance obligations that require innovative design capabilities, are technologically complex, require state-of-the-art manufacturing expertise or are dependent upon factors not wholly within our control. Failure to meet our contractual obligations could adversely affect our profitability, reputation and future prospects. 🔒
🔴 No Match in Current Filing NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified •We are subject to various investigations, claims, disputes, enforcement actions, litigation, and other legal proceedings that could ultimately be resolved against us. 🔒
🟡 Modified •Significant delays or reductions in appropriations for our programs and U.S. government funding more broadly, including a prolonged continuing resolution or breach of the debt ceiling, can negatively impact our business and programs and could have a material adverse effect on our financial position, results of operations and/or cash flows. 🔒
🟡 Modified •We use estimates when accounting for contracts. Contract cost growth or changes in estimated contract revenues and costs can affect our profitability and our overall financial position. 🔒
🟡 Modified •Our business could be negatively impacted by cyber and other security threats or disruptions. 🔒
🟡 Modified •Our insurance coverage, customer indemnifications or other liability protections may be unavailable or inadequate to cover all of our significant risks, which could adversely affect our profitability and overall financial position. 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified •Business investments and/or recorded goodwill and other long-lived assets may become impaired, resulting in substantial losses and write-downs that would reduce our operating income. 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified •Competition within our markets and bid protests may affect our ability to win new contracts and result in reduced revenues and market share. 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified •The improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which we participate can impact our reputation, our ability to do business and our financial position, results of operations and/or cash flows. 🔒
🟡 Modified •The global macroeconomic environment could negatively impact our business and our financial position, results of operations and/or cash flows could be materially adversely affected. 🔒
🟡 Modified •Our ability to win new competitions and meet the needs of our customers depends, in part, on our ability to maintain a qualified workforce. 🔒
🟡 Modified •We may be unable fully to exploit or adequately to protect intellectual property rights, which could materially affect our ability to compete, our reputation and our financial position, results of operations and/or cash flows. 🔒
🟡 Modified •Unanticipated changes in our tax provisions or exposure to additional tax liabilities could affect our profitability and cash flow. 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified •Our business is subject to disruption caused by natural disasters that could adversely affect our profitability and our overall financial position. 🔒
🟡 Modified •Our future success depends, in part, on our ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies, facilities and equipment to win new competitions and meet the needs of our customers. Failure to do so or meet our contractual obligations that require innovative design could adversely affect our profitability, reputation and future prospects. 🔒
🟡 Modified •Environmental matters, including climate change, unforeseen costs associated with compliance and remediation efforts, and government and third party claims, could have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows. 🔒
🟡 Modified •We face various risks related to health epidemics, pandemics and similar outbreaks, which may have material adverse effects on our business, financial position, results of operations and/or cash flows. 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
🟡 Modified NORTHROP GRUMMAN CORPORATION 🔒
35 changes in this historical filing

Historical year-over-year comparisons (2024 vs 2023 and earlier) are available on the Pro plan.

Get full access — from $29/month Already a Pro subscriber? View full diff →