Northrop Grumman Corp.’s (NOC) business unit, Northrop Grumman Systems Corp, recently clinched a modification contract involving its MQ-4C Triton aircraft. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $19.3 million, the contract is expected to be completed by May 2024. Per the terms of the deal, Northrop will provide logistics and test support for mission control and operator training systems as well as associated engineering and field service ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...

The latest trading session saw Northrop Grumman (NOC) ending at $456.40, denoting a -1.01% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.03%. Meanwhile, the Dow gained 0.34%, and the Nasdaq, a tech-heavy index, added 1.51%.Shares of the defense contractor have appreciated by 1.58% over the course of the past month, underperforming the Aerospace sector's gain of 1.69% and the S&P 500's gain of 3.21%.The investment community will be closely monitoring ...

Northrop Grumman (NOC) ended the recent trading session at $454.90, demonstrating a -1.33% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a gain of 0.23%, and the technology-centric Nasdaq increased by 1.14%.The defense contractor's shares have seen an increase of 3.32% over the last month, surpassing the Aerospace sector's gain of 2.2% and falling behind the S&P 500's gain of 5.2%.The investment communit ...

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After reaching an important support level, Northrop Grumman (NOC) could be a good stock pick from a technical perspective. NOC surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.NOC could ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...

Northrop Grumman Corporation Conference Call Summary Company Overview - **Company**: Northrop Grumman Corporation (NYSE:NOC) - **Date**: February 22, 2024 - **Participants**: Kathy Warden (Chair, CEO), Dave Keffer (CFO), David Strauss (Barclays) Key Industry Insights - **Defense Spending**: There is strong bipartisan support for defense spending in Washington, with expectations that the continuing resolution will likely extend into April 2024. The company does not foresee a material impact from potential sequestration [4][3]. - **Growth Projections**: Northrop Grumman is guiding for a growth rate of 4% to 5% for 2024, which is a moderation from the 7% growth achieved in 2023. This is attributed to a tougher comparison base but still reflects strong underlying growth [6][5]. Financial Performance and Guidance - **Sales Growth**: The company has averaged around 5% growth over the last several years, with a strong performance in 2023. The guidance for 2024 reflects a solid growth outlook despite some program declines [6][7]. - **Employee Growth**: Northrop Grumman added approximately 6,500 employees in 2023, bringing the total workforce to over 100,000. The company plans to continue hiring in 2024 [9][8]. Program and Contract Management - **Fixed Price Contracts**: The company has maintained discipline in fixed-price development contracts, learning from past experiences. A rigorous internal review process is in place to ensure successful execution [11][12]. - **B-21 Program**: The B-21 program is seen as balanced in terms of opportunities and risks. The company is committed to delivering within the established program estimates [14][16]. Growth Drivers - **Sector Performance**: All four business segments are projected to grow in 2024, with particular strength in Defense Systems (weapons and munitions), Mission Systems (cyber technologies), Aeronautics (B-21 and F-35), and Space (Sentinel and SDA portfolio) [18][19]. - **Defense Systems**: The tactical weapons portfolio is growing double digits, although there are headwinds from a significant training program concluding in 2024 [21][20]. Margin and Cost Management - **Margin Outlook**: The company expects to see a gradual shift from cost-plus to fixed-price contracts, which typically have higher margins. The mix is projected to shift from 53% cost-type contracts in 2023 to around 45% over the next several years [29][30]. - **Space Segment Margins**: Space margins have been impacted by cost-type development work, but there is an expectation for improvement as these programs transition to production [34][33]. Challenges and Opportunities - **HALO Program**: The HALO program, part of the Artemis architecture, is undergoing negotiations with NASA due to evolving requirements. The company is working on a change proposal to cover additional costs incurred [38][39]. - **Balance Sheet Management**: The company has taken on additional debt but maintains a strong balance sheet with minimal pension funding requirements. Capital expenditures are projected to decrease, providing flexibility for shareholder returns [41][42]. Conclusion - Northrop Grumman is positioned for continued growth in a supportive defense spending environment, with a focus on disciplined contract management and strategic hiring. The company is navigating challenges in specific programs while capitalizing on opportunities across its diverse portfolio.

Northrop Grumman Corporation (NYSE:NOC) Barclays 41st Annual Industrial Select Conference 2024 February 22, 2024 9:10 AM ET Company Participants Dave Keffer - CFO Kathy Warden - Chair, CEO and President Conference Call Participants David Strauss - Barclays David Strauss So, we'll get started with our next session. We have Northrop Grumman here. We have Kathy Warden, Chair and CEO; and Dave Keffer, CFO. So, Dave is going to kick it off with obligatory comments, and then we'll get straight into Q&A. Dave Kef ...

Northrop Grumman (NOC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a cha ...