Northrop Grumman Corp

NOC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$414.00	Gym	Hsvcnfssy

Defense Sector: We Are In for a Noisy and Prolonged Budgeting Season; Signals Scarce So Far

Nicolas Owens

Mar 13, 2024

We are reviewing President Joe Biden's fiscal 2025 defense budget request, released March 11, which is limited by a compromise struck in mid-2023 to avoid government shutdown at only a 1% increase over the 2024 sum.

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