This modification adds predictable, multi-year revenue to Northrop Grumman's backlog for the GBSD program. Monitor future modifications and production ramp timelines for signals of program stability and margin expansion.
Price Chart
Executive Summary
Northrop Grumman received a $632.6 million modification to its GBSD EMD and early production contract from the Department of Defense, representing approximately 1.6% of annualized revenue. This modification adds funding for continued development and early deployment of the ICBM replacement program.
Key Financial Metrics
Key Facts
- Modification P00065 to contract FA821920C0006 adds $632.6 million in obligated funding
- Awarding agency is the Department of Defense
- Work covers Ground-Based Strategic Deterrent (GBSD) Engineering and Manufacturing Development and early Production and Deployment
- Northrop Grumman's annualized revenue is approximately $39.524 billion
- Award amount equals roughly 1.6% of annualized revenue
Financial Impact
$632.6 million modification, approximately 1.6% of annualized revenue
Risk Factors
- GBSD program faces potential budget pressure from future defense spending negotiations
- Execution risk on ICBM replacement schedule and technology milestones
- Contract modification is incremental funding, not a new program award
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-FA821920C0006 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | GOVT-CONTRACT | $555.86 | awaiting T+1 | — | $551.28 (−0.82%) |
Oct 20, 2026 7d ago | 3/A | $534.00 $539.31 | ▲ +0.99% | ▲ +0.47% | $551.28 (+3.24%) |
Oct 20, 2026 7d ago | 8-K | $534.00 $539.31 | ▲ +0.99% | ▲ +0.47% | $551.28 (+3.24%) |
Sep 23, 2026 4w ago | GOVT-CONTRACT | $508.98 $510.52 | ▲ +0.30% | ▼ −0.24% | $551.28 (+8.31%) |
Sep 17, 2026 5w ago | Press Release | $524.00 $527.39 | ▲ +0.65% | ▲ +0.52% | $551.28 (+5.21%) |
Aug 21, 2026 9w ago | 8-K | $549.28 $542.52 | ▼ −1.23% | ▼ −1.55% | $551.28 (+0.36%) |
Jul 22, 2026 13w ago | GOVT-CONTRACT | $533.48 $542.24 | ▲ +1.64% | ▲ +1.54% | $551.28 (+3.34%) |
Jul 22, 2026 13w ago | GOVT-CONTRACT | $533.48 $542.24 | ▲ +1.64% | ▲ +1.54% | $551.28 (+3.34%) |
Jul 21, 2026 14w ago | Press Release | $512.29 $525.28 | ▲ +2.54% | ▲ +2.65% | $551.28 (+7.61%) |
Jul 21, 2026 14w ago | 8-K | $512.29 $525.28 | ▲ +2.54% | ▲ +2.65% | $551.28 (+7.61%) |
US Market Status
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