We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Northrop Grumman Corp Holding Co | NYSE:NOC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-5.91 | -1.24% | 469.09 | 477.52 | 465.23 | 475.65 | 1,443,464 | 01:00:00 |
þ
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
¨
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
A.
|
Full title of the plan and address of the plan, if different from that of the issuer named below:
|
B.
|
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
TABLE OF CONTENTS
|
|
|
|
|
Page(s)
|
|
|
FINANCIAL STATEMENTS
|
|
|
|
SUPPLEMENTAL SCHEDULE
|
|
|
|
|
|
NORTHROP GRUMMAN FINANCIAL SECURITY AND SAVINGS PROGRAM
|
|
|
|||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
|
|
|
|
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
December 31
|
|||||||||||||||||||||||
|
|
2018
|
|
2017
|
|||||||||||||||||||||
$ in thousands
|
|
Retirement Account (1)
|
|
Savings Account (2)
|
|
Total
|
|
Retirement Account (1)
|
|
Savings Account (2)
|
|
Total
|
|||||||||||||
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Investment in Northrop Grumman Defined Contribution Plans Master Trust (Note 3)
|
|
$
|
184,770
|
|
|
$
|
306,392
|
|
|
$
|
491,162
|
|
|
$
|
212,075
|
|
|
$
|
350,872
|
|
|
$
|
562,947
|
|
|
Short-term investment fund-at fair value
|
|
—
|
|
|
1,787
|
|
|
1,787
|
|
|
48
|
|
|
1,744
|
|
|
1,792
|
|
|||||||
Total investments
|
|
184,770
|
|
|
308,179
|
|
|
492,949
|
|
|
212,123
|
|
|
352,616
|
|
|
564,739
|
|
|||||||
Notes receivable from participants
|
|
—
|
|
|
1,166
|
|
|
1,166
|
|
|
—
|
|
|
1,480
|
|
|
1,480
|
|
|||||||
Total assets
|
|
184,770
|
|
|
309,345
|
|
|
494,115
|
|
|
212,123
|
|
|
354,096
|
|
|
566,219
|
|
|||||||
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Due to Northrop Grumman Retirement Plan “B”
|
|
—
|
|
|
—
|
|
|
—
|
|
|
48
|
|
|
—
|
|
|
48
|
|
|||||||
Accrued expenses
|
|
6
|
|
|
27
|
|
|
33
|
|
|
20
|
|
|
45
|
|
|
65
|
|
|||||||
Total liabilities
|
|
6
|
|
|
27
|
|
|
33
|
|
|
68
|
|
|
45
|
|
|
113
|
|
|||||||
Net assets available for benefits
|
|
$
|
184,764
|
|
|
$
|
309,318
|
|
|
$
|
494,082
|
|
|
$
|
212,055
|
|
|
$
|
354,051
|
|
|
$
|
566,106
|
|
NORTHROP GRUMMAN FINANCIAL SECURITY AND SAVINGS PROGRAM
|
|
|
||||||||||
|
|
|
|
|
|
|
||||||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
|
|
||||||||||
|
|
|
|
|
|
|
||||||
|
|
Year Ended December 31, 2018
|
||||||||||
$ in thousands
|
|
Retirement Account (1)
|
|
Savings Account (2)
|
|
Total
|
||||||
|
|
|||||||||||
Additions:
|
|
|
|
|
|
|
||||||
Investment (loss) income:
|
|
|
|
|
|
|
||||||
Plan interest in the Northrop Grumman Defined Contribution Plans Master Trust
|
|
$
|
(9,243
|
)
|
|
$
|
(13,389
|
)
|
|
$
|
(22,632
|
)
|
Interest income from short-term investment fund
|
|
—
|
|
|
43
|
|
|
43
|
|
|||
Net investment loss
|
|
(9,243
|
)
|
|
(13,346
|
)
|
|
(22,589
|
)
|
|||
Interest income on notes receivable from participants
|
|
—
|
|
|
60
|
|
|
60
|
|
|||
Net additions
|
|
(9,243
|
)
|
|
(13,286
|
)
|
|
(22,529
|
)
|
|||
Deductions:
|
|
|
|
|
|
|
||||||
Benefits paid to participants
|
|
11,444
|
|
|
31,067
|
|
|
42,511
|
|
|||
Expenses
|
|
1
|
|
|
380
|
|
|
381
|
|
|||
Total deductions
|
|
11,445
|
|
|
31,447
|
|
|
42,892
|
|
|||
Decrease in net assets before transfers
|
|
(20,688
|
)
|
|
(44,733
|
)
|
|
(65,421
|
)
|
|||
Transfers to Northrop Grumman Retirement Plan “B”
|
|
(6,603
|
)
|
|
—
|
|
|
(6,603
|
)
|
|||
Decrease in net assets after transfers
|
|
(27,291
|
)
|
|
(44,733
|
)
|
|
(72,024
|
)
|
|||
Net assets available for benefits
|
|
|
|
|
|
|
||||||
Beginning of year
|
|
212,055
|
|
|
354,051
|
|
|
566,106
|
|
|||
End of year
|
|
$
|
184,764
|
|
|
$
|
309,318
|
|
|
$
|
494,082
|
|
$ in thousands
|
|
2018
|
|
2017
|
||||
Assets
|
|
|
|
|
||||
At fair value:
|
|
|
|
|
||||
Cash equivalents and short-term investment fund
|
|
$
|
265,773
|
|
|
$
|
62,930
|
|
U.S. and international equities
|
|
2,721,409
|
|
|
3,706,850
|
|
||
Common/collective trust funds
|
|
13,316,552
|
|
|
14,558,924
|
|
||
Fixed-income securities
|
|
|
|
|
||||
U.S. and foreign government
|
|
389,996
|
|
|
441,105
|
|
||
Corporate debt
|
|
303,915
|
|
|
319,595
|
|
||
Asset-backed
|
|
345,724
|
|
|
348,814
|
|
||
Collateral held under securities lending agreements
|
|
520,250
|
|
|
780,851
|
|
||
Assets on loan to third-party borrowers
|
|
104,837
|
|
|
40,126
|
|
||
Total investments at fair value
|
|
17,968,456
|
|
|
20,259,195
|
|
||
At contract value:
|
|
|
|
|
|
|
||
Guaranteed investment contracts
|
|
3,318,654
|
|
|
3,315,474
|
|
||
Total investments at contract value
|
|
3,318,654
|
|
|
3,315,474
|
|
||
Receivable from broker for investments sold
|
|
155
|
|
|
181
|
|
||
Dividends, interest, taxes and other receivables
|
|
7,786
|
|
|
7,157
|
|
||
Total assets
|
|
21,295,051
|
|
|
23,582,007
|
|
||
Liabilities
|
|
|
|
|
||||
Collateral held under securities lending agreements
|
|
520,250
|
|
|
780,851
|
|
||
Due to broker for securities purchased
|
|
6,323
|
|
|
39,598
|
|
||
Total liabilities
|
|
526,573
|
|
|
820,449
|
|
||
Net assets of the DC Master Trust
|
|
$
|
20,768,478
|
|
|
$
|
22,761,558
|
|
$ in thousands
|
2018
|
||
Investment (loss) income
|
|
||
Net depreciation of investments
|
$
|
(1,716,585
|
)
|
Interest
|
121,511
|
|
|
Dividends
|
54,880
|
|
|
Other income
|
21,064
|
|
|
Stock loan income
|
200
|
|
|
Investment manager fees
|
(5,336
|
)
|
|
Total investment loss
|
$
|
(1,524,266
|
)
|
|
|
2018
|
||||||||||
$ in thousands
|
|
Level 1
|
|
Level 2
|
|
Total
|
||||||
DC Master Trust at fair value
|
|
|
|
|
|
|
||||||
Cash equivalents and short-term investment fund
|
|
$
|
1,319
|
|
|
$
|
264,454
|
|
|
$
|
265,773
|
|
U.S. and international equities
|
|
2,721,409
|
|
|
—
|
|
|
2,721,409
|
|
|||
Fixed-income securities
|
|
|
|
|
|
|
||||||
U.S. and foreign government
|
|
—
|
|
|
484,883
|
|
|
484,883
|
|
|||
Corporate debt
|
|
—
|
|
|
313,865
|
|
|
313,865
|
|
|||
Asset-backed
|
|
—
|
|
|
345,724
|
|
|
345,724
|
|
|||
Collateral held under securities lending agreements
|
|
—
|
|
|
520,250
|
|
|
520,250
|
|
|||
Common/collective trust funds valued using NAV as a practical expedient
|
|
|
|
|
|
13,316,552
|
|
|||||
Total DC Master Trust at fair value
|
|
$
|
2,722,728
|
|
|
$
|
1,929,176
|
|
|
$
|
17,968,456
|
|
|
|
2018
|
||||||||||
$ in thousands
|
|
Level 1
|
|
Level 2
|
|
Total
|
||||||
State Street Bank and Trust Company short-term investment fund
|
|
$
|
—
|
|
|
$
|
1,787
|
|
|
$
|
1,787
|
|
|
|
2017
|
||||||||||
$ in thousands
|
|
Level 1
|
|
Level 2
|
|
Total
|
||||||
DC Master Trust at fair value
|
|
|
|
|
|
|
||||||
Cash equivalents and short-term investment fund
|
|
$
|
11,366
|
|
|
$
|
51,564
|
|
|
$
|
62,930
|
|
U.S. and international equities
|
|
3,706,850
|
|
|
—
|
|
|
3,706,850
|
|
|||
Fixed-income securities
|
|
|
|
|
|
|
||||||
U.S. and foreign government
|
|
—
|
|
|
468,311
|
|
|
468,311
|
|
|||
Corporate debt
|
|
—
|
|
|
332,515
|
|
|
332,515
|
|
|||
Asset-backed
|
|
—
|
|
|
348,814
|
|
|
348,814
|
|
|||
Collateral held under securities lending agreements
|
|
—
|
|
|
780,851
|
|
|
780,851
|
|
|||
Common/collective trust funds valued using NAV as a practical expedient
|
|
|
|
|
|
14,558,924
|
|
|||||
Total DC Master Trust at fair value
|
|
$
|
3,718,216
|
|
|
$
|
1,982,055
|
|
|
$
|
20,259,195
|
|
|
|
2017
|
||||||||||
$ in thousands
|
|
Level 1
|
|
Level 2
|
|
Total
|
||||||
State Street Bank and Trust Company short-term investment fund
|
|
$
|
—
|
|
|
$
|
1,792
|
|
|
$
|
1,792
|
|
|
|
December 31
|
||||||
$ in thousands
|
|
2018
|
|
2017
|
||||
Underlying securities of guaranteed investment contracts
|
|
$
|
405,701
|
|
|
$
|
724,538
|
|
Fixed-income securities
|
|
|
|
|
|
|
||
U.S. and foreign government
|
|
94,887
|
|
|
27,206
|
|
||
Corporate debt
|
|
9,950
|
|
|
12,920
|
|
||
Total fixed-income securities
|
|
104,837
|
|
|
40,126
|
|
||
DC Master Trust Assets on loan to third-party borrowers
|
|
$
|
510,538
|
|
|
$
|
764,664
|
|
|
|
December 31
|
||||||
$ in thousands
|
|
2018
|
|
2017
|
||||
Net assets available for benefits per the financial statements
|
|
$
|
494,082
|
|
|
$
|
566,106
|
|
Less amounts allocated to withdrawing participants
|
|
(9
|
)
|
|
(6
|
)
|
||
Net assets available for benefits per Form 5500
|
|
$
|
494,073
|
|
|
$
|
566,100
|
|
$ in thousands
|
|
||
Benefits paid to participants per the financial statements
|
$
|
42,511
|
|
Add amounts allocated to withdrawing participants at December 31, 2018
|
9
|
|
|
Less amounts allocated to withdrawing participants at December 31, 2017
|
(6
|
)
|
|
Benefits paid to participants per Form 5500
|
$
|
42,514
|
|
$ in thousands
|
||||||||||||
|
|
Identity of Issuer, Borrower,
Lessor, or Similar Party
|
|
Description of Investment,
Including Maturity Date, Rate of
Interest, Collateral, and Par or
Maturity Value
|
|
Cost
|
|
Current
Value
|
||||
*
|
|
Northrop Grumman Defined Contribution Plans Master Trust
|
|
Participation in Northrop Grumman Defined Contribution Plans Master Trust Retirement Account
|
|
$
|
92,969
|
|
|
$
|
184,770
|
|
*
|
|
Northrop Grumman Defined Contribution Plans Master Trust
|
|
Participation in Northrop Grumman Defined Contribution Plans Master Trust Savings Account
|
|
**
|
|
|
306,392
|
|
||
*
|
|
Plan Participants
|
|
Participant loans (maturing from 2019 to 2027 at interest rates ranging from 4.25
percent to 8.75 percent)
|
|
**
|
|
|
1,166
|
|
||
*
|
|
State Street Bank and Trust Company
|
|
State Street Bank and Trust Company short-term investment fund
|
|
**
|
|
|
1,787
|
|
||
|
|
Total
|
|
|
|
$
|
92,969
|
|
|
$
|
494,115
|
|
*
|
|
Party-in-interest
|
**
|
|
Cost information is not required for participant-directed investments and loans, and therefore is not included.
|
|
|
|
|
|
|
|
|
|
|
|
NORTHROP GRUMMAN FINANCIAL SECURITY AND SAVINGS PROGRAM
|
||||
|
|
|
|
|
|||
Dated:
|
June 12, 2019
|
|
|
|
By:
|
|
/s/ Michael A. Hardesty
|
|
|
|
|
|
|
|
Michael A. Hardesty
|
|
|
|
|
|
|
|
Chairman, Audit Subcommittee of the Benefit Plans Administrative Committee
|
*23
|
|
|
|
*
|
Filed with this report
|
1 Year Northrop Grumman Chart |
1 Month Northrop Grumman Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions