Northrop Grumman Management

Management criteria checks 3/4

Northrop Grumman's CEO is Kathy Warden, appointed in Jan 2018, has a tenure of 6.83 years. total yearly compensation is $24.74M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $96.81M. The average tenure of the management team and the board of directors is 5 years and 8.3 years respectively.

Key information

Kathy Warden

Chief executive officer

US$24.7m

Total compensation

CEO salary percentage	7.0%
CEO tenure	6.8yrs
CEO ownership	0.1%
Management average tenure	5yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kathy Warden's remuneration changed compared to Northrop Grumman's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$25m	US$2m	US$2b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$5b
Dec 31 2022	US$21m	US$2m	US$5b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$6b
Dec 31 2021	US$20m	US$2m	US$7b
Sep 30 2021	n/a	n/a	US$5b
Jun 30 2021	n/a	n/a	US$5b
Mar 31 2021	n/a	n/a	US$5b
Dec 31 2020	US$21m	US$2m	US$3b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$20m	US$1m	US$2b
Sep 30 2019	n/a	n/a	US$3b
Jun 30 2019	n/a	n/a	US$3b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$13m	US$963k	US$3b
Sep 30 2018	n/a	n/a	US$4b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$3b
Dec 31 2017	US$6m	US$807k	US$3b

Compensation vs Market: Kathy's total compensation ($USD24.74M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Kathy's compensation has been consistent with company performance over the past year.

CEO

Kathy Warden (52 yo)

6.8yrs

Tenure

US$24,737,493

Compensation

Ms. Kathy J. Warden is Chair of the Board at Catalyst Inc. from April 1, 2024. She has been President of Northrop Grumman Corporation since January 1, 2018, Chief Executive Officer since January 01, 2019 a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kathy Warden	Chair, CEO & President	6.8yrs	US$24.74m	0.13% $ 96.8m
David Keffer	Corporate VP & CFO	4.8yrs	US$5.89m	0.011% $ 8.3m
Timothy Jones	Corporate VP & President of Aeronautics Systems Sector	16.8yrs	US$5.50m	0.0032% $ 2.3m
Roshan Roeder	Corporate VP & President of Mission Systems	2.1yrs	US$8.31m	0.00046% $ 333.0k
Matthew Bromberg	Corporate Vice President of Global Operations	2.8yrs	US$6.11m	0.0011% $ 789.1k
Rajender Chandhok	Vice President of Trust Administration and Investments	21.5yrs	no data	no data
Richard Stapp	Chief Technology Officer	4yrs	no data	no data
John Russell	VP & Chief Information Officer	2.8yrs	no data	no data
Todd Ernst	Vice President	5.3yrs	no data	no data
Kathryn Simpson	Corporate VP & General Counsel	1.1yrs	no data	0.0011% $ 825.3k
Carl Hahn	Chief Compliance Officer & VP	9.8yrs	no data	no data
Lucy Ryan	Corporate Vice President & Chief Communications Officer	5.8yrs	no data	0.0028% $ 2.1m

5.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 0K92's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kathy Warden	Chair, CEO & President	6.3yrs	US$24.74m	0.13% $ 96.8m
Thomas Schoewe	Independent Director	13.3yrs	US$365.75k	0.0022% $ 1.6m
Ann Fudge	Independent Director	8.7yrs	US$341.14k	0.00081% $ 586.4k
Madeleine Kleiner	Lead Independent Director	16.1yrs	US$400.30k	0% $ 0
Mary Winston	Independent Director	1.7yrs	US$316.99k	0.000050% $ 36.2k
James Turley	Independent Director	9.8yrs	US$332.47k	0.00044% $ 318.5k
David Abney	Independent Director	4.4yrs	US$340.02k	0.0012% $ 847.0k
Marianne Brown	Independent Director	9.7yrs	US$369.41k	0% $ 0
Gary Roughead	Independent Director	12.8yrs	US$358.89k	0% $ 0
Arvind Krishna	Independent Director	2yrs	US$315.02k	0% $ 0
Mark Welsh	Independent Director	7.9yrs	US$331.62k	0.00018% $ 130.3k
Graham Robinson	Independent Director	3.3yrs	US$318.21k	0% $ 0

8.3yrs

Average Tenure

69yo

Average Age

Experienced Board: 0K92's board of directors are considered experienced (8.3 years average tenure).

Northrop Grumman Management

Management criteria checks 3/4

Key information

Recent management updates

Northrop Grumman Corporation, Annual General Meeting, May 14, 2024

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman Corporation Appoints Krzysztof Krystowski as New Country Executive for Poland

Northrop Grumman Corporation Announces Management Changes

Northrop Grumman Corporation, Annual General Meeting, May 17, 2023

Northrop Grumman Corporation Announces Executive Changes

Recent updates

Third quarter dividend of US$2.06 announced

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on December 18, 2024

Third quarter 2024 earnings released: EPS: US$7.02 (vs US$6.20 in 3Q 2023)

Now 21% undervalued

Northrop Grumman’s Program Strategy Driving B-21 Raider Forward in Flight Test, Production

Second quarter dividend of US$2.06 announced

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 18, 2024

Second quarter 2024 earnings released: EPS: US$6.37 (vs US$5.35 in 2Q 2023)

Northrop Grumman Corporation(NYSE:NOC) dropped from Russell 1000 Growth-Defensive Index

Northrop Grumman Corporation to Report Q2, 2024 Results on Jul 25, 2024

Now 21% undervalued after recent price drop

First quarter dividend increased to US$2.06

Northrop Grumman Corporation Increases Quarterly Dividend, Payable on June 12, 2024

First quarter 2024 earnings released: EPS: US$6.34 (vs US$5.52 in 1Q 2023)

Northrop Grumman Corporation, Annual General Meeting, May 14, 2024

Northrop Grumman Corporation to Report Q1, 2024 Results on Apr 25, 2024

Fourth quarter dividend of US$1.87 announced

Northrop Grumman Board Declares Quarterly Dividend, Payable March 13, 2024

The Northrop Grumman Corporation Passes Preliminary Design Review for Next Generation Interceptor Solution

New minor risk - Profit margin trend

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2024

Northrop Grumman Corporation to Report Q4, 2023 Results on Jan 25, 2024

Now 23% undervalued

Northrop Grumman Corporation (NYSE:NOC) announces an Equity Buyback for $2,500 million worth of its shares.

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on December 13, 2023

Northrop Grumman Corporation Revises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$6.20 (vs US$5.92 in 3Q 2022)

Investor sentiment improves as stock rises 15%

Northrop Grumman Corporation to Report Q3, 2023 Results on Oct 26, 2023

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman Corporation Announces B-21 Raider Continues Progression to Flight Test

Northrop Grumman Corporation Appoints Krzysztof Krystowski as New Country Executive for Poland

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 13, 2023

Northrop Grumman Corporation Achieves Key Milestone in Arctic Satellite Broadband Mission

Northrop Grumman Corporation Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$5.35 (vs US$6.09 in 2Q 2022)

Now 21% undervalued after recent price drop

Northrop Grumman Corporation Announces Management Changes

New major risk - Financial position

Northrop Grumman Corporation to Report Q2, 2023 Results on Jul 27, 2023

Now 21% undervalued after recent price drop

Northrop Grumman Enhances G/ATOR with New Performance Capabilities

Now 21% undervalued

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on June 14, 2023

Northrop Grumman Corporation, Annual General Meeting, May 17, 2023

Now 22% undervalued

Now 20% undervalued after recent price drop

Northrop Grumman Board Declares Quarterly Dividend, Payable on March 15, 2023

Now 20% undervalued after recent price drop

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman Corporation Provides Earnings Guidance for the Year 2023

Full year 2022 earnings released: EPS: US$31.61 (vs US$43.70 in FY 2021)

Northrop Grumman, AT&T and Fujitsu Demonstrate New 5G-Powered Open Architecture Capabilities to Support Joint Force

Now 23% undervalued after recent price drop

Northrop Grumman Corporation Develops the Next Generation Radar for the F-35 Lightning II

Northrop Grumman Corporation to Report Q4, 2022 Results on Jan 26, 2023

Northrop Grumman Corporation Elects Arvind Krishna to its Board of Directors

Now 20% undervalued

Northrop Grumman Corporation Provides Sales Guidance for the Fiscal Year 2022

Third quarter 2022 earnings released: EPS: US$5.92 (vs US$6.65 in 3Q 2021)

Northrop Grumman Corporation to Report Q3, 2022 Results on Oct 27, 2022

Northrop Grumman Corporation Announces Executive Changes

Northrop Grumman to Unveil the B-21 Raider

Northrop Grumman Corporation Declares Quarterly Dividend, Payable on September 14, 2022

Second quarter 2022 earnings released: EPS: US$6.09 (vs US$6.44 in 2Q 2021)

Raytheon Missiles & Defense, Northrop Grumman Complete Second Hypersonic Weapon Flight Test

Northrop Grumman Corporation to Report Q2, 2022 Results on Jul 28, 2022

Northrop Grumman Increases Quarterly Dividend, Payable June 15, 2022

Northrop Grumman Corporation Appoints Kenny Robinson as Chief Diversity Officer