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Northrop Grumman Corp.

NOC

Industrials

2

exclusion reasons

2 themes

Geopolitical Conflict (1) Weapons & Military (1)
NOC Industrials Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Northrop Grumman Corp. is identified by AFSC Investigate as a company materially supporting Israel's illegal settlement enterprise in the occupied Palestinian territory. The company is the world's third-largest military contractor, manufacturing weapons used by the Israeli military. Its surveillance technologies are also used by U.S. immigration authorities to enforce deportations.

Military Contracting
Since Jan 5, 2006

Northrop Grumman Corp. is a principal U.S. defense contractor specializing in the development and production of weapons systems and military technology. According to SIPRI data, the company generated approximately $37.9 billion in arms sales in 2024, constituting over 92% of its total revenue. Its product portfolio includes strategic deterrent systems like the Ground Based Strategic Deterrent (GBSD) intercontinental ballistic missile, autonomous systems such as the MQ-4C Triton surveillance drone, and a range of tactical weapons and guidance systems.

The company’s core business is the design and manufacture of purpose-built warfare platforms. Recent contracts highlight this focus, including awards from the U.S. Missile Defense Agency to develop defenses against hypersonic missiles and its selection by the Pentagon to develop hypersonic weapons. In February 2026, the U.S. Army moved to impose financial penalties on Northrop Grumman for delays in supplying artillery shells to Ukraine, underscoring its direct role in supplying active combat operations.

Northrop Grumman has a documented history of misconduct in its dealings with the U.S. government. In 2018, the company paid $27.5 million under the False Claims Act, admitting that employees had inflated labor hours on government contracts. A 2016 Department of Defense Inspector General report further identified weaknesses in the company’s controls over labor qualifications charged to a counter-narcotics program. These incidents reflect a pattern of failures in the administration of its primary business: fulfilling military contracts.

Research Sources 2 organizations
SIPRI
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.