Company Reports

The US Navy selected Boeing over Northrop Grumman to develop its 6th generation carrier-based attack aircraft, to eventually replace F-18 models in the 2030s. The decision endorses Boeing's capacity to deliver next-generation fighters following the Air Force's selection of Boeing to build the F-47.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are relatively early in their lifecycle.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are relatively early in their lifecycle.

Northrop Grumman's second-quarter sales grew 5% to $10.9 billion, while segment operating margin dipped below 10.6% margin in the quarter. The company wrote down increased costs to develop two guided missile programs and an extended solid rocket booster, which hampered profitability in the period.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are relatively early in their lifecycle.

Northrop Grumman's first-quarter sales grew 4% to $10 billion, and segment operating margin reached 10.8% in the quarter. The company concluded agreements to accelerate production of the Sentinel ballistic missile and B-21 bomber programs.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their lifecycle.

On Feb. 28, the US and Israel led widespread military strikes on Iran and signaled that the operation could last weeks. Iran retaliated, with consequences across the region and in the oil market. In premarket trading on March 2, most US defense contractors' stocks rose several percentage points.

Northrop Grumman's fourth-quarter sales and segment profit each grew by 10% year over year to $11.7 billion and $1.3 billion, respectively. Management provided its expectations for 2026 results based on contracts in the backlog and named a few opportunities that may yet be added to the forecast.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their lifecycle.

In early trading on Jan. 8, after President Donald Trump declared he would seek a $1.5 trillion fiscal 2027 defense budget, shares of US defense contractors appreciated by as much as 5%.

In afternoon trading on Jan. 7, after reports that President Trump had suggested he would prohibit US defense contractors' dividends and stock repurchases, shares of US defense contractors declined by as much as 5%.

Northrop Grumman's third-quarter sales grew 4% to $10.4 billion, while segment operating profit grew 11% to $1.28 billion and segment margin increased almost 1 percentage point to 12.3% from 11.5% in the prior year.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their lifecycle.

In afternoon trading on Oct. 15, after reports of a comment by US Treasury Secretary Scott Bessent about US defense contractors' stock repurchases at the "Invest in America Forum" hosted by CNBC, shares in the sector traded downward between around 1% and 3%.

Northrop Grumman's second-quarter sales grew 1% to $10.35 billion, while segment operating profit grew 10.7% to $1.2 billion and segment margin increased a full percentage point to 11.8% year over year. The shares bounced nearly 10% on July 22, narrowing their discount to our fair value estimate.

Northrop Grumman has a strong focus on producing hardware for classified programs and currently enjoys exposure to some hefty military development programs that are early in their lifecycle.

Early on June 22 local time, the US deployed long-range bombers and missiles to strike Iran's underground nuclear enrichment and armament sites. Shares of US defense firms were mostly flat in premarket trading on June 23.

On June 13, Israel launched a series of strikes against Iranian facilities and personnel targeting its nuclear enrichment and armament programs. Shares of global defense contractors appreciated as much as 4% in early trading in reaction to the news.

Northrop Grumman's first-quarter sales declined 7% year over year to $9.5 billion, led by slower work on the B-21 bomber and winding down a few space programs. The company also booked future costs of $477 million in the B-21 program as it adapted production to tool up for future rate increases.