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2020 - Northrop Grumman

2020 Annual ReportNORTHROP Grumman 2020 ANNUAL REPORTS elected Financial Highlights*Non-GAAP financial metric. For more information, including a definition, reconciliation to the most directly comparable GAAP measure and why we believe this measure may be useful to investors, please refer to Use of Non-GAAP Financial Measures at the back of this Annual ( $ in millions )$33,841$36,799$30,095191820 Operating Income( $ in millions )$3,969$4,065$3,780191820$ $ $ (MTM) -Adjusted Diluted EPS*1820$ $ $ DividendsDeclared(Per Common Share)$4,297$4,305$3,827191820 Cash Provided by Operating Activities ($ In Millions)$3,128$3,683$2,764191820 Adjusted Free Cash Flow* ($ in millions) Northrop Grumman 2020 ANNUAL REPORTDear Fellow ShareholdersOur company delivered outstanding results in 2020. Our extraordinary team of nearly 100,000 employees worked together with resilience, focus and agility to deliver on our strategy and to support each other and our communities. Together with our suppliers and partners, we operated through the global pandemic, delivered for our customers and won new business that strengthened the foundation for our future.

(aerospace and building systems company) Gary Roughead 2 4† Admiral, United States Navy (Ret.) and Former Chief of Naval Operations Thomas M. Schoewe 2† 4 Former Executive Vice President and Chief Financial Officer, Wal-Mart Stores, Inc. (operator of retail stores) James S. Turley 1 3 Former Chairman and Chief Executive

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