Northrop Grumman executive sells shares worth $368,706

Thomas H. Jones, Corporate Vice President and President of Aeronautics Systems at Northrop Grumman Corp (NYSE:NOC), recently sold 729 shares of the company’s common stock. The shares were sold at an average price of $505.77 each, totaling approximately $368,706. This transaction was executed on June 13, 2025, under a pre-established Rule 10b5-1 trading plan.

Additionally, on June 16, 2025, Jones transferred 616 shares as a gift, also under a Rule 10b5-1 trading plan. This transaction did not involve any monetary exchange. Following these transactions, Jones holds 6,935.595 shares of Northrop Grumman common stock directly.

In other recent news, Northrop Grumman has made significant financial moves, including the pricing of a $1 billion public offering of senior unsecured notes. The company plans to use the proceeds for various corporate purposes, such as repaying existing debt and share repurchases. Additionally, Northrop Grumman has announced a 12 percent increase in its quarterly dividend to $2.31 per share, marking its 22nd consecutive annual increase. This move underscores the company’s strong financial position and commitment to shareholder returns. In a strategic partnership, Northrop Grumman has invested $50 million in Firefly Aerospace to advance the development of the Eclipse rocket, aiming to meet future demand for space access. The company, along with Lockheed Martin (NYSE:LMT) and Peraton, has also secured a $244 million contract from the U.S. Space Command for the development of the Relay Ground Station. This contract will support the operation of the Space Based Infrared Systems Ground System’s Geosynchronous space vehicles. These developments highlight Northrop Grumman’s ongoing efforts to expand its capabilities and strengthen its market position.

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