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In 2018, the launch services sector accounted for $5.5 billion out of a total $344.5 billion "global space economy". [ 4 ] : 9 It is responsible for the ordering, conversion or construction of the carrier rocket , assembly and stacking, payload integration, and ultimately conducting the launch itself.
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 97,000 employees [3] and an annual revenue in excess of $40 billion, it is one of the world's largest weapons manufacturers and military technology providers.
The Space Systems Division was established in 1961 and modified the Air Force Ballistic Missile Division's emblem to form its own, was used from 5 July 1962 until the Space and Missile Systems Organization was formed in 1967.
The company also operates a Lockheed L-1011 TriStar wide body jetliner, which is named Stargazer and is used to air launch Pegasus rockets carrying payloads into space. [10] The Stargazer aircraft is also used for testing under specific programs. The Flight Systems Group became part of Northrop Grumman Space Systems on January 1, 2020.
The decline in Space Systems sales was driven by a $231 million decrease due t. Northrop Grumman Corp (NYSE:NOC) reported fourth-quarter sales that were flat year over year at $10.686 billion ...
SSC organizational chart, 2022. The Space Systems Command (SSC) is becoming responsible for developing, acquiring, and fielding space systems, as well as launch, sustainment, and maintenance of space systems. It also advises Space Force science and technology activities. The Space Force on 8 April 2021 announced the planned structure of the SSC.
Operating profit margins for Northrop's space business reached 12%, making it now Northrop's second most profitable business (after mission systems, which earned 13.8%).
On 5 June 2020, NASA awarded Northrop Grumman Innovation Systems a $187 million contract to complete the preliminary design of HALO. [15] NASA signed a separate contract with Northrop for the fabrication of the HALO, and for integration with the Power and Propulsion Element (PPE), being built by Maxar, for US$935 million. [13] [14]