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Northrop Grumman Proprietary Level IFourth Quarter 2021 Conference Call Northrop Grumman Fourth Quarter 2021 Conference Call January 27, 2022Chairman, Chief Executive Officer and PresidentKathy Warden Dave Keffer Corporate Vice President and Chief Financial Officer
Northrop Grumman Proprietary Level IFourth Quarter 2021 Conference Call
Fourth Quarter 2021
January 27, 2022Chairman, Chief Executive Officer and
PresidentKathy Warden
Corporate Vice President and
Chief Financial Officer
Northrop Grumman Proprietary Level I
Fourth Quarter 2021 Conference CallForward-Looking Statements
2This presentation and the information we are incorporating by reference, and statements to be made on the
earnings conference call, contain or may contain statements that constitute “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,”
“anticipate,” “intend,” “may,” “could,” “should,” “plan,” “project,” “forecast,” “believe,” “estimate,”
“guidance,” “outlook,” “trends,” “goals” and similar expressions generally identify these forward-looking
Forward-looking statements include, among other things, statements relating to our future financial condition,
results of operations and/or cash flows. Forward-looking statements are based upon assumptions,
expectations, plans and projections that we believe to be reasonable when made, but which may change
over time. These statements are not guarantees of future performance and inherently involve a wide range of
risks and uncertainties that are difficult to predict. Specific risks that could cause actual results to differ
materially from those expressed or implied in these forward-looking statements include, but are not limited to,
those identified and discussed more fully in the section entitled “Risk Factors” in the Form 10-K for the year
ended December 31, 2021 and from time to time in our other filings with the Securities and Exchange
Commission (SEC). These risks and uncertainties are amplified by the global COVID-19 pandemic and the
related effects on the broader economic environment, which have caused and will continue to cause
significant challenges, instability and uncertainty. They include:
Industry and Economic Risks
• our dependence on the U.S. government for a substantial portion of our business
• significant delays or reductions in appropriations for our programs, and U.S. government funding and
program support more broadly
• the use of estimates when accounting for our contracts and the effect of contract cost growth and/or
changes in estimated contract revenues and costs
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