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What changed in NOC's 10-Q
Source: 10-Q filed 2026-04-21 · compared against 10-Q 2025-10-21. Every passage below is quoted verbatim from the filing itself.
B-21 Program
This filing
impacts from the recent agreement with the U.S. Air Force and higher estimated production costs resulted in a $157 million net unfavorable EAC adjustment
Government Shutdown
This filing
We do not believe that the ongoing partial shutdown will have a material adverse effect on our business.
Tax
This filing
The first quarter 2026 ETR decreased to 15.0 percent from 16.8 percent primarily due to higher research credits
Macroeconomic Risks
This filing
constraints on the availability of critical materials, including rare earth minerals and metals
What it means — the analyst reading
The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel, plus 1 further change without a quotable passage — is part of the Filing Change Monitor.
See the Filing Change Monitor →Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.