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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Northrop Grumman Corporation - NOC
NOCNorthrop Grumman(NOC) GlobeNewswire News Room·2025-05-13 16:49

Core Viewpoint - Northrop Grumman Corporation is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q1 2025, which included significant charges related to its B-21 bomber program [1][3]. Financial Performance - Northrop Grumman reported revenue of 9.47billionforQ12025,reflectinga79.47 billion for Q1 2025, reflecting a 7% year-over-year decline and falling short of consensus estimates by 480 million [3]. - The company incurred a pretax charge of 477millionassociatedwithmanufacturingupdatesfortheB21bomberprogram,attributedtoinflationaryfactorsbytheCEO[3].Followingtheannouncementoftheseresults,NorthropGrummansstockpricedroppedby477 million associated with manufacturing updates for the B-21 bomber program, attributed to inflationary factors by the CEO [3]. - Following the announcement of these results, Northrop Grumman's stock price dropped by 67.25 per share, or 12.66%, closing at $464.08 per share on April 22, 2025 [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or other unlawful practices by Northrop Grumman and its officers/directors [1].