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Stock impact report

Northrop Grumman Corp. (NOC) Secures $100M Missile Weapon System Contract as Analyst Optimism Grows [Yahoo! Finance]

Northrop Grumman Corporation (NOC) 
Last northrop grumman corporation earnings: 4/29 06:39 am Check Earnings Report
US:NYSE Investor Relations: investor.northropgrumman.com
Company Research Source: Yahoo! Finance
12, Citi initiated coverage of Northrop Grumman with a Buy rating and a $654 price target. The firm also began coverage on 24 aerospace and defense names, pointing to strong long-term trends across commercial aviation, defense, shipbuilding, and space. Citi said these dynamics could create a trillion-dollar company within five years, highlighting GE Aerospace as a potential contender. RTX was named its top megatrend pick, while Boeing was viewed as a promising turnaround. Analysts expect momentum to build in the fourth quarter and continue into early next year. On December 9, the company secured a $100 million contract from the US Department of War. The contract is for missile weapon systems development and production for work on the Stand-in Attack Weapon SiAW and Advanced Anti-Radiation Guided Missile (AARGM-ER) systems. The SiAW is an air-to-surface missile system designed to disrupt the enemy's anti-access/area denial environment. Northrop is to develop the weapon system with Show less Read more
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