Northrop Grumman

RANK368

Northrop Grumman jumps up 48 spots on the Global 500 from last year, as it continues a decade-long turnaround. Revenue grew a solid 12.4%, though profits slumped more than 30%, in part due to operational challenges. One piece of pending news could help determine how long the company's growth streak continues: After a protracted competition with Boeing that included a regulatory inquiry by the Federal Trade Commission, Northrop has emerged as the de facto winner of the contract to upgrade the U.S. Air Force's fleet of intercontinental ballistic missiles. That contract, which is due to be formally awarded later in 2020, is worth $85 billion.