Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems. The Defense Systems segment offers weapon and mission systems for the U.S. military and civilian agency customers. Its principal products and services include integrated battle management systems, weapons systems, information technology services, and intelligence operations. This segment provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing systems; and gun systems and precision munitions. It also offers life cycle service and support for software, weapons systems, and aircraft; security services, including information and cyber operations; intelligence analysis and support; and IT infrastructure, such as cloud. The Mission Systems segment offers command, control, communications, and computers ISR systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; communications and network systems; processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne sensors and networks; cyber and intelligence mission solutions; maritime/land systems and sensors; and navigation, targeting, and survivability solutions. The Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. Northrop Grumman Corporation was founded in 1939 and is based in Falls Church, Virginia.
IPO Year:
Exchange: NYSE
Website: northropgrumman.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2024 | $560.00 | Overweight → Neutral | Alembic Global Advisors |
| 7/29/2024 | $474.00 → $575.00 | Hold → Buy | Deutsche Bank |
| 6/26/2024 | $565.00 | Buy | BTIG Research |
| 6/21/2024 | $477.00 | Outperform → Mkt Perform | Bernstein |
| 4/22/2024 | $532.00 | Neutral → Overweight | Alembic Global Advisors |
| 1/16/2024 | $505.00 | Outperform → Neutral | Robert W. Baird |
| 12/15/2023 | $541.00 → $473.00 | Buy → Hold | Deutsche Bank |
| 12/14/2023 | $450.00 | Peer Perform → Underperform | Wolfe Research |
| 10/11/2023 | $555.00 | Buy | UBS |
| 9/28/2023 | $502.00 | Buy | Deutsche Bank |
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10-Q - NORTHROP GRUMMAN CORP /DE/ (0001133421) (Filer)
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Northrop Grumman (NYSE:NOC) reported quarterly earnings of $6.36 per share which beat the analyst consensus estimate of $5.92 by 7.43 percent. The company reported quarterly sales of $10.218 billion which beat the analyst consensus estimate of $10.018 billion by 2.00 percent. This is a 6.70 percent increase over sales of $9.576 billion the same period last year.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index remaining in the “Neutral” zone on Wednesday. U.S. stocks closed lower on Wednesday, with the S&P 500 and the Nasdaq Composite recording their worst day since 2022. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares fell 5% on Wednesday despite the company reporting upbeat earnings and sales results for its second quarter. Shares of Tesla Inc. (NASDAQ:TSLA) dipped 12.3% after the company reported weaker-than-expected earnings for its second quarter, while sales topped estimates. On the economic data front, the S&P Global composite PMI climbed to 55.0 in July from 54.8 in the prior mont
With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Honeywell International Inc. (NASDAQ:HON) to report quarterly earnings at $2.42 per share on revenue of $9.41 billion before the opening bell. Honeywell shares gained 0.5% to $214.80 in after-hours trading, according to data from Benzinga Pro. AstraZeneca PLC (NASDAQ:AZN) posted better-than-expected revenue for its second quarter and increased its sales and profit guidance for 2024. AstraZeneca shares fell 0.3% to $79.46 in the after-hours trading session. Analysts are expecting Northrop Grumman Corporation (NYSE:NOC) to post qua
Northrop Grumman's (NYSE:NOC) short percent of float has fallen 27.1% since its last report. The company recently reported that it has 1.67 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.6 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Raytheon, an RTX Corp. (NYSE:RTX) business, was awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. The company did not specify the number of missiles that are included in the contract. The deal is said to provide the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spares and support. “Patriot remains the tried-and-true stalwart of air and missile defense, relied upon by our global customers to deter aggression and defend their interests,” Tom Laliberty, Raytheon’s president of land and air defense systems, said in a statement. Also Read: Biden, Zelenskyy Strengthen Ties With
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- Reuters Citing Senior NATO Official
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FALLS CHURCH, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable December 18, 2024, to shareholders of record as of the close of business December 2, 2024. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day. Contact: [email protected]
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted basis Core FFO of $32.2 million, or $0.30 per share on a fully diluted basis Entered into a construction loan agreement to lend up to $52.1 million to a developer in connection with the re-development of an approximately 68,
FALLS CHURCH, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has released its third quarter 2024 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com. As previously announced, Northrop Grumman will webcast its earnings conference call at 9 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register. Northrop Grumman is a leading global aerospace and
~ 100% leased, triple net asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 104,136 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company, located in Aurora, Colorado ("Northrop Grumman - Aurora"). The facility, developed in 2002, was built-to-suit for TRW Inc., an aerospace and automotive corpor
FALLS CHURCH, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announced today that its third quarter 2024 financial results will be posted on its investor relations website on Oct. 24, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com. The company's third quarter 2024 conference call will be held at 9 a.m. Eastern time, Thursday, Oct. 24, 2024. The conference call will be webcast
~ 100% net leased asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company and located in Beavercreek, Ohio, a suburb of Dayton ("Northrop Grumman - Dayton"). The build-to-suit facility has been occupied by Northrop Grumman since 2012 and in
FALLS CHURCH, Va., Aug. 21, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable September 18, 2024, to shareholders of record as of the close of business September 3, 2024. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day. Contact: Cindy Anderson (
FALLS CHURCH, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has released its second quarter 2024 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com. As previously announced, Northrop Grumman will webcast its earnings conference call at 9 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register. Northrop Grumman is a leading global aerospace
FALLS CHURCH, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announced today that its second quarter 2024 financial results will be posted on its investor relations website on July 25, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com. The company's second quarter 2024 conference call will be held at 9:00 a.m. Eastern time, Thursday, July 25, 2024. Kathy Warden, chair, chief execu
FALLS CHURCH, Va., May 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable June 12, 2024, to shareholders of record as of the close of business May 28, 2024. "Northrop Grumman's capital deployment strategy is designed to create value for customers and shareholders alike," said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. "The investments we've made in our broad portfolio give us confidence in our outlook, including strong and expanding cash flows. Reflecting this, today, our board approved a 10 percent increase to our quarte
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Alembic Global Advisors downgraded Northrop Grumman from Overweight to Neutral and set a new price target of $560.00
Deutsche Bank upgraded Northrop Grumman from Hold to Buy and set a new price target of $575.00 from $474.00 previously
BTIG Research initiated coverage of Northrop Grumman with a rating of Buy and set a new price target of $565.00
Bernstein downgraded Northrop Grumman from Outperform to Mkt Perform and set a new price target of $477.00
Alembic Global Advisors upgraded Northrop Grumman from Neutral to Overweight and set a new price target of $532.00
Robert W. Baird downgraded Northrop Grumman from Outperform to Neutral and set a new price target of $505.00
Deutsche Bank downgraded Northrop Grumman from Buy to Hold and set a new price target of $473.00 from $541.00 previously
Wolfe Research downgraded Northrop Grumman from Peer Perform to Underperform and set a new price target of $450.00
UBS initiated coverage of Northrop Grumman with a rating of Buy and set a new price target of $555.00
Deutsche Bank initiated coverage of Northrop Grumman with a rating of Buy and set a new price target of $502.00
FALLS CHURCH, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable December 18, 2024, to shareholders of record as of the close of business December 2, 2024. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day. Contact: [email protected]
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted basis Core FFO of $32.2 million, or $0.30 per share on a fully diluted basis Entered into a construction loan agreement to lend up to $52.1 million to a developer in connection with the re-development of an approximately 68,
FALLS CHURCH, Va., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) will participate in the Baird 2024 Global Industrial Conference on Wednesday, November 13. Kathy Warden, chair, chief executive officer and president, will present beginning at 10:05 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems
FALLS CHURCH, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has released its third quarter 2024 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com. As previously announced, Northrop Grumman will webcast its earnings conference call at 9 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register. Northrop Grumman is a leading global aerospace and
~ 100% leased, triple net asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 104,136 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company, located in Aurora, Colorado ("Northrop Grumman - Aurora"). The facility, developed in 2002, was built-to-suit for TRW Inc., an aerospace and automotive corpor
PLYMOUTH, Minn., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC), a leading manufacturer of medium-caliber cannons, is introducing its next-generation M230 Link Fed (M230LF) Dual Feed Bushmaster® Chain Gun®, offering two ammunition feed paths for the first time. This new 30x113mm medium caliber chain gun is a proven variant of the M230LF chain gun to counter uncrewed aerial threats (C-UAS) and ground engagements. By offering a dual feed, the need for mixed ammunition belts in a single feed is eliminated.The ability to switch between two kinds of ammunition is now possible. A standard recommended ammunition load includes XM1211 proximity fuzed rounds for C-UAS a
FALLS CHURCH, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announced today that its third quarter 2024 financial results will be posted on its investor relations website on Oct. 24, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com. The company's third quarter 2024 conference call will be held at 9 a.m. Eastern time, Thursday, Oct. 24, 2024. The conference call will be webcast
PALMDALE, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman's B-21 Raider program is making great progress as the team executes a robust flight test campaign and scales into production. In collaboration with the U.S. Air Force, Northrop Grumman's program management approach on B-21 centers around producibility and adoption of digital technology to ultimately deliver an effective, affordable system to the warfighter that is adaptable to future threats. As the B-21 Raider flight test program progresses, performance data continues to align with digital model predictions. Northrop Grumman's digital ecosystem is enabling the team to analyze data between test flights with speed and
Test validates design maturity and performance ROCKET CENTER, W.Va., Sept. 12, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:RTX) business, and Northrop Grumman (NYSE:NOC) have successfully completed a static fire test of an advanced long-range solid rocket motor at the Northrop Grumman Allegany Ballistics Laboratory in West Virginia. The test demonstrated wired end-burning technology for hypersonic applications and provided data to support digital modeling and simulations that validated the design maturity and performance of the rocket motor. Raytheon's Advanced Technology team and Northrop Grumman leveraged their combined digital engineering expertise to accelerate the design and developme
FALLS CHURCH, Va., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) will participate in the 12th Annual Morgan Stanley Laguna Conference on Thursday, September 12. Kathy Warden, chair, chief executive officer and president, will present beginning at 12:20 p.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest pr