SandboxAQ oznámila první známý test magnetické navigace na jednorázové platformě, dronu Northrop Grumman Lumberjack. AQNav fungoval i s vizuální navigací bez GPS.
SandboxAQ unveils hardware-agnostic AQNav software platform for rapid integration across defense systems
, /PRNewswire/ -- SandboxAQ announced it has successfully completed the world's first reported test of a magnetic navigation (MagNav) system on an attritable platform – Northrop Grumman's Lumberjack®, a Group 3 UAS attritable drone. It was also the world's first reported instance of a MagNav system being paired with a visual navigation system on an attritable, one-way attack platform. SandboxAQ has collaborated with Northrop Grumman (NYSE: NOC) to integrate and test its commercial, dual-use, AQNav MagNav technology on this unmanned aircraft system.
Northrop Grumman's Lumberjack® Conflicts in Ukraine and the Persian Gulf States prove small, expendable drones are now regularly operating in GPS-denied and spoofed environments. UAVs are a tool of war in these conflicts and militaries around the world are ramping up their stockpiles of drones. Northrop Grumman's Lumberjack, a one-way-attack drone, was designed and developed in under 14 months of its first flight. The versatility and modularity of this technology highlights Northrop Grumman's multi-use, loitering munition capabilities.
"Today's platforms need navigation systems they can trust as they operate in increasingly complex and contested environments. In collaboration with SandboxAQ, Northrop Grumman is aggressively enhancing our ecosystem of autonomous and unmanned systems with resilient and flight-hardened alternative navigation systems," said Max Schuster, program manager, Lumberjack, Northrop Grumman. "Pairing AQNav with Northrop Grumman's experience in unmanned aircraft and open mission systems will ensure our joint forces have an operationally validated navigation capability in even the most contested domains."
"AQNav's ability to provide unjammable navigation and positioning without GPS complements Northrop Grumman's efforts to fulfill the operational and mission-specific requirements for autonomous aircraft and shape the future of next generation unmanned platforms," said Luca Ferrara, General Manager of Navigation at SandboxAQ. "Leveraging our proven MagNav technologies and drone platform expertise, the flight test with Northrop Grumman further demonstrates the ease by which our AQNav software can be integrated into unmanned systems at the speed and scale required by leading defense organizations."
AQNav enables continuous positioning without reliance on satellite or other externally transmitted signals. Its passive, all-weather, and terrain-agnostic navigation can serve as a standalone capability or complement inertial, visual, and satellite navigation systems, advancing the future of alternative positioning, navigation and timing (Alt-PNT). In addition, AQNav's proven ability to operate over open water, feature-limited terrain, urban landscapes, and GPS-denied environments makes aircraft platforms more resilient and mission-capable.
AQNav's Software Expands Accessibility Across Platforms
Our AQNav software platform, demonstrated during the recent flight, extends the company's proven MagNav capabilities into a software-first architecture designed for rapid integration with current and future defense systems. This novel, hardware-agnostic offering processes sensor data in real-time, applies physics-based models to determine positioning and provides continuous navigation that can be easily incorporated into a broader PNT architecture.
The software is designed to run on existing onboard compute infrastructure with operationally relevant latency, reducing the need for additional processing hardware. It supports open architecture interfaces that simplify integration across platforms.
"AQNav now offers OEMs two distinct paths for deployment – a full-stack, performance-optimized solution that's built natively into your platform architecture, or a software-only solution developed specifically to deploy within existing architecture," said Ferrara. "With Northrop Grumman's Lumberjack, our engineers were able to install AQNav software into existing systems in less than an hour, giving the attritable platform MagNav capabilities for enhanced mission performance."
Proven Performance Across Defense and Commercial Applications
Since 2023, AQNav has been flight-tested by military, government, and commercial aerospace partners including Airbus and Boeing. SandboxAQ has worked closely with the United States Air Force to flight-test AQNav for more than three years, including testing aboard C-17 Globemaster III and C-130J Super Hercules transports and participating in three large-scale military exercises. AQNav was also selected to participate in the 2025 NATO DIANA cohort.
AQNav currently participates in the Defense Innovation Unit's (DIU) Transition of Quantum Sensing program (TQS), which tests MagNav technologies for military autonomous systems. Under that program, SandboxAQ integrated its AQNav software on a Group 3 unmanned aircraft platform and is evaluating its performance against defense-relevant use cases. The work with Northrop Grumman builds on those integration patterns and advances a shared objective of delivering scalable, resilient navigation for unmanned operations in GPS-contested environments.
About Lumberjack®
Northrop Grumman is the mission systems integrator, munitions and systems provider of many of the technologies that enable the aircraft to sense, detect and deter threats in the battlespace. ESAero Inc., a wholly owned subsidiary of AV Inc., provides the Lumberjack air vehicle and its systems integration.
About Northrop Grumman
Northrop Grumman (NYSE: NOC) is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day.
About SandboxAQ
SandboxAQ is a B2B company delivering solutions at the intersection of AI and quantum techniques. The company's Large Quantitative Models (LQMs) deliver critical advances in life sciences, financial services, navigation, and other sectors. SandboxAQ is an independent, growth-backed company funded by leading investors and strategic partners including funds and accounts advised by T. Rowe Price Associates, Inc., Google, Alger, IQT, US Innovative Technology Fund, S32, Paladin Capital, BNP Paribas, Eric Schmidt, Breyer Capital, Ray Dalio, Marc Benioff, Thomas Tull, and others. For more information, visit www.sandboxaq.com.
AXQ Capital LP ve 2. čtvrtletí nově nakoupila 2 869 akcií Northrop Grumman za zhruba 1,461 mil. USD. Společnost zároveň oznámila čtvrtletní dividendu 2,47 USD na akcii.
AXQ Capital LP acquired a new stake in Northrop Grumman Corporation (NYSE:NOC – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,869 shares of the aerospace company’s stock, valued at approximately $1,461,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOC. BlackRock Inc. bought a new position in Northrop Grumman during the 2nd quarter worth about $6,001,616,000. Bank of America Corp DE bought a new stake in shares of Northrop Grumman in the second quarter valued at about $1,298,141,000. Capital World Investors boosted its position in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after buying an additional 970,029 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Northrop Grumman during the second quarter worth about $376,135,000. Finally, Corient Private Wealth LP bought a new position in shares of Northrop Grumman during the second quarter worth about $44,039,000. 83.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several brokerages have recently weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Jefferies Financial Group cut their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.30.
Check Out Our Latest Report on NOC Insider Activity In other news, Director Mark Welsh, III sold 95 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.
Northrop Grumman Price Performance NYSE:NOC opened at $513.89 on Friday. The company has a market cap of $72.99 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.10 and a beta of -0.11. The firm’s fifty day moving average price is $544.64 and its two-hundred day moving average price is $599.04. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.
Northrop Grumman Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.
(Free Report)
Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.
The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.
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Northrop Grumman ve 2. čtvrtletí zvýšil mezinárodní tržby na 1,54 mld. USD, což představuje 14 % celkových tržeb, a cílí na roční tržby 10 mld. USD do roku 2031.
Key Takeaways NOC's Q2 international sales rose to $1.54B, or 14% of total sales, from $1.40B a year ago.NOC targets $10B in annual international sales by 2031, roughly double the company's prior level.Kuwait's IBCS deal, NATO's Triton commitment and an Australia rocket motor facility support overseas growth. Northrop Grumman Corporation (NOC - Free Report) is expanding its presence in international defense markets as U.S. allies increase spending on advanced military technologies. Foreign demand is becoming an increasingly important growth driver for the company, supported by rising investments in air and missile defense, surveillance and other advanced defense capabilities.
Northrop Grumman's international sales reached $1.54 billion in the second quarter of 2026, representing 14% of total sales, compared with $1.40 billion and 13% in the year-ago quarter. Management is targeting $10 billion in annual international sales by 2031, which would roughly double the company's prior level.
The company is also witnessing growing demand for its key defense platforms worldwide. Recent developments include Kuwait's authorization for six Integrated Battle Command System (IBCS) systems, NATO's commitment involving the Triton surveillance platform and Northrop Grumman's selection to establish an in-country solid rocket motor manufacturing facility in Australia. The company's IBCS is already operational, while demand for advanced defense systems remains strong across Europe and the Middle East.
Rising international defense spending should create additional opportunities for Northrop Grumman. The company's growing overseas presence can expand its addressable market beyond U.S. procurement cycles and support a more diversified order base over the long term. With a broad portfolio spanning surveillance, air and missile defense, strategic deterrence and advanced aerospace technologies, Northrop Grumman appears well-positioned to capitalize on expanding global defense demand.
Defense Stocks to Keep on the RadarOther defense companies expanding their international presence and benefiting from rising global demand are discussed below:
RTX Corporation (RTX - Free Report) : RTX is benefiting from strong international demand for air and missile defense systems, precision weapons and advanced sensors. Raytheon secured more than $10 billion of international awards in the first half of 2026, including more than $7 billion from European customers.
Lockheed Martin Corporation (LMT - Free Report) : International customers represented 28% of Lockheed Martin’s 2025 sales. The company is expanding its global presence through co-production and regional sustainment initiatives, including an agreement with Rheinmetall to pursue ATACMS production in Europe.
The Zacks Rundown for NOCShares of NOC have lost 1% in the past month compared with the industry’s 4% decline.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.68X compared with its industry’s average of 2.47X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has moved north over the past 60 days.
Image Source: Zacks Investment Research
NOC stock currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Beacon Pointe Advisors LLC bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,376 shares of the aerospace company’s stock, valued at approximately $8,341,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NOC. Brighton Jones LLC grew its position in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. AXA S.A. increased its position in shares of Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after purchasing an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Northrop Grumman by 6.7% in the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock valued at $4,432,000 after purchasing an additional 553 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.
Insider Buying and Selling In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.
Analyst Ratings Changes Several equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Jefferies Financial Group reduced their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Weiss Ratings raised shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $661.30. View Our Latest Stock Report on Northrop Grumman
Northrop Grumman Trading Up 0.1% Shares of NOC opened at $545.83 on Friday. The stock has a market capitalization of $77.52 billion, a P/E ratio of 17.34, a PEG ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $542.33 and a two-hundred day simple moving average of $604.78.
Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.
Northrop Grumman Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.
(Free Report)
Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.
The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.
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USA Rare Earth dokončila kapitalizaci ve výši 1,55 miliardy USD pro vládou podporovaný speciální účelový subjekt spojený s plánovanou akvizicí brazilské těžby Serra Verde. Washington tím posiluje snahu o snížení závislosti na Číně u surovin pro zbraňové systémy.
Lockheed Martin Corp. (NYSE:LMT), RTX Corp. (NYSE:RTX) and Northrop Grumman Corp. (NYSE:NOC) could all be indirect beneficiaries of the Trump administration‘s latest $1.55 billion push to secure rare earth supplies, as Washington deepens its effort to reduce dependence on China for minerals critical to advanced weapons systems.
On Monday, USA Rare Earth Inc. (NASDAQ:USAR) announced the completion of a $1.55 billion capitalization for a government-backed special purpose vehicle tied to its planned acquisition of Brazil’s Serra Verde rare earth operation. The financing package includes a $750 million investment from the U.S. Department of War, a $500 million senior debt facility and a five-year, $300 million government forward purchase agreement for rare earth materials.
The deal underscores Washington’s growing willingness to use government capital to reduce U.S. dependence on China for minerals essential to military hardware.
Rare Earths Are More Than An EV StoryRare earth elements are equally critical to national defense as they are to electric vehicles and wind turbines.
Neodymium, praseodymium, dysprosium and terbium—the four magnetic rare earth elements produced by Serra Verde—are used in high-performance permanent magnets found in fighter aircraft, guided missiles, radar systems, drones, submarines and precision-guided weapons. They’re also essential for numerous aerospace and defense electronics.
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That explains why the Department of War isn’t just helping finance the project—it’s also committing to purchase material over the next five years.
Why Investors Should Watch Defense StocksThe announcement doesn’t immediately change earnings forecasts for major defense contractors.
However, it reinforces a broader trend that investors have been watching closely: securing domestic and allied supply chains has become a strategic priority alongside increasing defense spending.
Companies such as Lockheed Martin, RTX and Northrop Grumman all manufacture advanced weapons systems that depend on rare earth magnets and critical minerals.
While these companies source components through complex supplier networks, a more resilient supply chain could reduce long-term procurement risks tied to geopolitical disruptions.
A Bigger Bet On Supply Chain SecurityThe financing package also signals that the Trump administration is expanding its critical minerals strategy beyond traditional grants and loans. Rather than simply funding production, the government is now taking on multiple roles—as investor, financier and customer.
The structure includes a $750 million government investment, support for a $500 million revolving credit facility and a commitment to purchase at least $300 million of rare earth products over five years.
That combination provides both capital and demand visibility for strategic projects, potentially creating a blueprint for future critical mineral investments.
The Stocks To WatchWhile USA Rare Earth is the immediate beneficiary, investors may also keep an eye on other companies exposed to the domestic rare earth supply chain.
MP Materials Corp. (NYSE:MP) remains the largest U.S. rare earth producer and has previously received Pentagon backing as Washington sought to expand domestic processing capacity.
Meanwhile, companies involved in downstream processing, magnet manufacturing, and defense production could continue to benefit if federal support for critical mineral projects accelerates.
For investors, Monday’s announcement sends a broader message: the race to secure rare earth supplies is no longer just about electric vehicles or clean energy. It’s increasingly becoming a defense strategy—and Washington appears willing to spend billions to make it happen.
Bank of Nova Scotia ve 2. čtvrtletí zvýšila podíl v Northrop Grumman Corporation o 19,7 % na 56 477 akcií v hodnotě 28,76 mil. USD. Firma zároveň oznámila EPS 7,68 USD a výnosy 10,88 mld. USD.
Bank of Nova Scotia grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC – Free Report) by 19.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,477 shares of the aerospace company’s stock after purchasing an additional 9,288 shares during the period. Bank of Nova Scotia’s holdings in Northrop Grumman were worth $28,764,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Northrop Grumman during the second quarter worth about $6,001,616,000. Capital World Investors lifted its holdings in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $376,135,000. J. Stern & Co. LLP boosted its position in shares of Northrop Grumman by 56,920.9% during the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after acquiring an additional 421,215 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in Northrop Grumman in the second quarter valued at approximately $194,058,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.
Northrop Grumman Stock Up 0.2% NYSE:NOC opened at $552.29 on Monday. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market cap of $78.44 billion, a PE ratio of 17.54, a P/E/G ratio of 3.57 and a beta of -0.11. The firm’s 50 day simple moving average is $541.45 and its 200 day simple moving average is $609.53.
Northrop Grumman (NYSE:NOC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company posted $8.15 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year. Northrop Grumman Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.
Analysts Set New Price Targets A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a report on Wednesday, August 5th. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research note on Wednesday, July 15th. Finally, UBS Group boosted their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $661.30.
View Our Latest Stock Analysis on Northrop Grumman
Insider Buying and Selling In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.
Northrop Grumman Profile (Free Report)
Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.
The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.
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Northrop Grumman za poslední měsíc přidal asi 11 % po silném druhém čtvrtletí, kdy upravený zisk na akcii i tržby překonaly odhady. Firma zároveň zvýšila celoroční výhled tržeb i upraveného zisku.
A month has gone by since the last earnings report for Northrop Grumman (NOC - Free Report) . Shares have added about 11% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Northrop Grumman due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
Northrop Grumman Sees Growth Across Key Defense Programs
Northrop Grumman Corporation reported second-quarter 2026 adjusted earnings of $7.68 per share, which beat the Zacks Consensus Estimate of $6.84 by 12.3%. The bottom line, however, declined 5.8% from the year-ago quarter’s level of $8.15.
NOC’s Total SalesNOC’s total sales of $10.88 billion in the second quarter beat the Zacks Consensus Estimate of $10.80 billion by 0.7%. The top line also improved 5.1% from $10.35 billion reported in the year-ago quarter.
Northrop Grumman’s Backlog Count
The company’s total backlog was $95.68 billion at the end of the second quarter compared with $95.61 billion at the end of first-quarter 2026.
NOC’s Segmental DetailsAeronautics Systems: This segment’s sales of $3.52 billion rose 13% year over year, driven by higher sales from B-21 and other restricted programs, as well as increased volume on the E-130J TACAMO program.
The unit’s operating income totaled $362 million compared with $321 million in the second quarter of 2025. Its operating profit margin remained the same at 10.3%.
Mission Systems: Sales in this segment increased 2.9% to $3.25 billion. This was driven by ramp-up on restricted airborne radar programs and higher volume on marine systems programs.
The unit’s operating income increased 13.6% to $501 million. The operating margin expanded 140 basis points (bps) to 15.4%.
Defense Systems: This segment’s sales rose 5.1% year over year to $2.09 billion. This improvement was driven by the continued ramp-up of the Sentinel program, as well as the higher volume of tactical solid rocket motor programs and the Integrated Battle Command System portfolio.
The unit’s operating income declined 38.3% year over year to $156 million. The operating margin contracted 520 bps to 9.7%.
Space Systems: Sales in this segment rose 4% to $2.75 billion. This improvement was driven by higher Commercial Resupply Service (CRS) missions as well as higher volume on the Glide Phase Interceptor (GPI) and Ground-based Midcourse Defense Weapon System (GMD WS) programs.
The segment’s operating income decreased 17% year over year to $235 million. The operating margin also contracted 150 bps to 9.5%.
Northrop Grumman’s Operational UpdateTotal operating income during the quarter totaled $1.10 billion, reflecting a significant decrease from $1.43 billion in the prior-year quarter.
NOC’s Financial ConditionNorthrop Grumman’s cash and cash equivalents as of June 30, 2026, totaled $2.31 billion, down from $4.40 billion as of Dec. 31, 2025.
Long-term debt (net of the current portion) amounted to $14.43 billion compared with $15.16 billion as of Dec. 31, 2025.
Net cash outflow from operating activities totaled $376 million during the first six months of 2026 compared with $697 million a year ago.
Northrop Grumman’s 2026 GuidanceThe company expects its revenues to be in the range of $43.75-$44.25 billion compared with its previous guidance of $43.50-$44.00 billion. The Zacks Consensus Estimate for sales is pegged at $43.96 billion, lower than the midpoint of the company’s guided range.
NOC expects adjusted earnings to be in the band of $28.60-$29.10 per share compared with its previous guidance of $27.40-$27.90 per share. The consensus estimate for earnings is pegged at $28.19 per share, above the company’s guided range.
Northrop Grumman projects to generate adjusted free cash flow in the band of $3.10-$3.50 billion.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
VGM ScoresCurrently, Northrop Grumman has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Northrop Grumman has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerNorthrop Grumman belongs to the Zacks Aerospace - Defense industry. Another stock from the same industry, GE Aerospace (GE - Free Report) , has gained 4.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
GE reported revenues of $12.63 billion in the last reported quarter, representing a year-over-year change of +24.5%. EPS of $2.02 for the same period compares with $1.66 a year ago.
For the current quarter, GE is expected to post earnings of $1.99 per share, indicating a change of +19.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.7% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for GE. Also, the stock has a VGM Score of D.
Key Takeaways Northrop Grumman is strengthening military training with virtual, live and immersive solutions.NOC's on-demand LVC framework supports training for fifth-generation F-35 and fourth-generation F-16 jets.NOC's secure cross-domain expertise supports connected training across multiple military services. Northrop Grumman Corporation (NOC - Free Report) is strengthening its position in the growing military training and simulation market with advanced virtual, live and immersive training solutions. As military forces worldwide prepare for increasingly complex threats, demand for realistic, technology-driven training systems is rising. Northrop Grumman’s capabilities help warfighters improve mission readiness while providing cost-effective solutions to prepare for challenging operational environments.
A key area of focus is the company’s Live, Virtual and Constructive (LVC) training capabilities, which combine live exercises with virtual and computer-generated environments. Northrop Grumman also offers its Combat Electromagnetic Environment Simulator, which provides warfighters with realistic training against complex electromagnetic threats. These solutions enable military customers to conduct sophisticated training without relying entirely on costly live exercises, supporting more efficient and flexible mission preparation.
Notably, Northrop Grumman’s on-demand LVC training framework is integrated into training for both fifth-generation F-35 and fourth-generation F-16 fighter aircraft. The company also has experience integrating platforms into secure cross-domain environments spanning multiple military services. This expertise allows Northrop Grumman to support increasingly connected training environments and strengthens its competitive position as defense forces adopt advanced simulation and mission-readiness technologies.
As global defense spending increases and militaries focus on preparing for more advanced threats, demand for military training and simulation solutions is expected to remain strong. Northrop Grumman’s LVC capabilities, immersive training technologies and experience with secure, cross-domain environments position it well to benefit from the long-term expansion of the military training market.
Other Defense Companies Benefiting From Training DemandOther defense companies that are likely to benefit from the expanding military training and simulation market are discussed below:
Lockheed Martin Corporation (LMT - Free Report) : Its Close Combat Tactical Trainer (CCTT) is the U.S. Army’s first and largest distributed interactive simulation system. The platform enables military units to train and validate tactics, doctrine, weapons systems, mission planning and mission rehearsals in a simulated environment.
RTX Corporation (RTX - Free Report) : Its high-fidelity simulation and training solutions support military readiness by combining advanced avionics expertise with training technologies. Its integrated simulators can blend real and virtual environments, helping military personnel prepare for complex missions in a cost-effective manner.
The Zacks Rundown for NOCShares of NOC have surged 8.9% in the past month compared with the industry’s 9.7% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.77X compared with its industry’s average of 2.68X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has moved north over the past 60 days.
Northrop Grumman odpojil MEV od satelitu Optus a v roce 2027 ho má nahradit MRV se dvěma robotickými rameny a MEP. Cílem je prodloužit životnost satelitů o roky.
High above the Earth, a new generation of robots designed to keep satellites working longer is replacing its predecessor — quite literally.
This week, a spacecraft built and operated by Northrop Grumman called a Mission Extension Vehicle (MEV) unplugged from a communications satellite operated by the Australian firm Optus. For more than a year, the MEV spacecraft has been stuck to the back of the Optus satellite, keeping it in the right place in space so it can continue its mission.
Now, the satellite life-extension spacecraft is leaving to make room for its replacement. In July, four new Northrop spacecraft launched into orbit on a SpaceX Falcon 9 rocket. One is called the Mission Robotic Vehicle (MRV), a powerful satellite equipped with two advanced robotic arms that was developed by DARPA, the U.S. military research organization. The other three are called Mission Extension Pods, or MEPs, smaller, simpler satellites that are essentially modular propulsion systems.
Those four spacecraft are currently headed for targets around 27,000 miles above the Earth. In 2027, the MRV will use its robotic arms to attach one of the MEP pods to the Optus satellite, which should keep it in orbit for years to come.
The satellites that provide communications or scan the planet with various sensors only last for so long. They typically fail when they run out of fuel to stay in the right place, not because their computers and transceivers stop working. The Optus satellite was launched in 2009, and designed for a 15-year lifespan. If all goes well, the satellite could fly — and generate revenue — for another six years.
Now, cheaper launch costs and lower-cost space components are making spacecraft repair missions a reality.
The goal is “a paradigm shift where we can see space as sustainable, with a more resilient architecture and infrastructure base where we can do things like spacecraft repairs, life extension, or even upgrades and maintenance of satellites,” according to Northrop’s director of logistics and servicing, Cassie Wong.
There are two MEVs in orbit right now, launched in 2019 and 2020, which have provided 10 years of life extension to three customers, including two different Intelsat spacecraft and the Optus satellite. MEV-1 will wait in a parking orbit for another customer, while MEV-2 is currently attached to its Intelsat customer until 2030.
The Mission Robotic Vehicle, or MRV, represents an evolution of the business model. Satellite operators buy and own the MEPs, which are permanently attached to their spacecraft. That frees up the MRV to service more vehicles, creating a cheaper offering.
The offering requires some serious technology chops. The vehicles need to autonomously approach one another and dock safely, not a simple task when both are moving at velocities of thousands of miles an hour. The MEVs use a docking probe to plug in and hang onto satellite thruster nozzles. Meanwhile, the MRVs will need to carefully attach the MEPs using their robotic arms.
Unlike most satellites, the MRV is designed to be refueled in orbit — in part, a proof of concept for the kind of capabilities other satellites will need if this kind of in-orbit servicing becomes a norm. Right now, the extra cost and weight of such adaptations keeps spacecraft operators from investing in them.
Indeed, the current trend in satellites is flying lots of cheap, effectively replaceable spacecraft in low orbits, as Starlink and Amazon LEO do. On the other hand, spacecraft keep getting bigger, and there are plenty of expensive, large satellites in orbit that could benefit from life extension. Wong hopes that the MRV will take on other missions in the future, adding new components to satellites as well as adjusting their orbits.
That’s likely to include defense customers, given the number of expensive satellites it owns in high orbits, and DARPA’s involvement in developing the MRV’s arms. Indeed, the U.S. Space Force has previously characterized a Chinese servicing spacecraft with robotic arms as a weapon, since it could theoretically grapple and degrade a rival satellite. Northrop says that its vehicles are focused on servicing missions.
The vehicle could also be used in LEO, Wong says, to extend the life with valuable assets there. The startup Katalyst Space is attempting a similar mission to extend the life of a NASA space telescope after malfunctions left its vehicle tumbling last month. The company has a fix in place and hopes to complete the mission.
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Tim Fernholz is a journalist who writes about technology, finance and public policy. He has closely covered the rise of the private space industry and is the author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, he was a senior reporter at Quartz, the global business news site, for more than a decade, and began his career as a political reporter in Washington, D.C. You can contact or verify outreach from Tim by emailing [email protected] or via an encrypted message to tim_fernholz.21 on Signal.
Northrop Grumman uzavřel dvě víceleté rámcové dohody za více než 3 miliardy USD s americkým ministerstvem války a Lockheed Martin na urychlení výroby raketových interceptorů. Dohody se týkají PAC-3 MSE a THAAD.
Multi-year framework agreements with the U.S. Department of War and Lockheed Martin deliver speed, scale and certainty for the United States and allies August 03, 2026 08:08 ET | Source: Northrop Grumman Corporation
FALLS CHURCH, Va., Aug. 03, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman (NYSE: NOC) has signed two multi-year framework agreements totaling over $3 billion to further power the Arsenal of Freedom. Working alongside the U.S. Department of War and Lockheed Martin, the company is increasing production and accelerating delivery of critical munitions technologies and reinforcing the nation’s integrated air and missile defense.
Accelerating PAC-3® MSE Solid Rocket Motor: Northrop Grumman will accelerate production of the Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE), to meet the increasing global demand. Under the $2 billion framework agreement, the company will supply essential components, including solid rocket motors and ignition safety devices, supporting the nation’s integrated air and missile defense.Quadrupling Terminal High Altitude Area Defense (THAAD) Component Production: The $1 billion framework agreement will enable Northrop Grumman to significantly increase monthly deliveries of THAAD components over seven years. Northrop Grumman is scaling design and production capabilities to deliver, in record time, new rocket motors that travel farther and faster. As a result of investments made since 2021, the company is doubling the capacity to deliver solid rocket motors at its Utah facilities, nearly tripling the capacity at the Allegany Ballistics Lab in West Virginia and increasing solid rocket motor capacity by 25% at its Elkton, Maryland facility.
Expert:
Ben Davies, corporate vice president Northrop Grumman: “Our long-term investments in breakthrough manufacturing technologies and resilient supply chains let us pivot from steady production to a production surge in record time. As one of America’s leading producers of solid rocket motors, we’re supporting the administration’s push to accelerate munitions output. It’s a mission-critical leap forward that ensures America’s defense edge stays sharper, faster, and farther ahead of global threats.”
Additional Context:
Over the course of the seven-year framework agreement, Northrop Grumman will significantly increase PAC-3 MSE SRM production rates at the Allegany Ballistics Laboratory (ABL) facility in Rocket Center, West Virginia. Since 2021, the company has doubled its production capacity for tactical solid rocket motors at ABL and plans to triple production capabilities by 2027. This investment supports the U.S. Army’s growth in annual PAC-3 MSE missile production from roughly 600 units today to thousands in the near term for U.S. forces and allied partners. This exceptional production surge will provide speed, volume and precision required for integrated air and missile defense as global demand for the PAC-3 MSE system reaches unprecedented levels.
Since 2002, Northrop Grumman has supplied THAAD with critical expertise for interceptor shell cores, aft bulkheads and heat shield assemblies, leveraging proprietary bonding technology to survive the highest-temperature kinetic missions. The company’s San Diego plant has a 50-year legacy of high-volume, high-rate production of structural components across air, land and space domains.
Northrop Grumman’s propulsion systems and munitions components – ranging from fixed ammunition to warheads and fuzes – serve every branch of the U.S. military with ready-now scalability and consistent performance. Since 2019, Northrop Grumman has invested over $2 billion in munitions related technologies and facilities, including over $1 billion for solid rocket motor production. Northrop Grumman regularly invests in its Solid Motor Annual Rocket Technology Demonstrator program, which is an outcome-driven effort to insert industry-informed advancements into the company’s own solid rocket motor design, development production and testing. With more than 70 years of propulsion expertise and delivery of over 1.3 million solid rocket motors to date, Northrop Grumman remains a proven partner advancing national security through innovation and production excellence.
With nearly 100,000 employees and over 30 million square feet of manufacturing space – more than 500 football fields – we have the capacity, scale, and agility to drive innovation at unprecedented speeds. Our manufacturing approaches do more than just produce; they accelerate and enhance the entire process from design and development to production and testing. We’ve invested in U.S. infrastructure, R&D, our workforce, and our supply chain to deliver today and tomorrow’s national security needs.
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.
SummaryNorthrop Grumman delivered strong Q2 2026 results, with 5% sales growth, a record $104.7B backlog, and raised 2026 guidance despite headline margin pressure.NOC's margin compression stemmed from isolated program issues (SiAW, GEM 63XL), while core segments operated near historical margin levels and cash flow surged.2026 guidance now implies $44B in sales, $28.60–$29.10 EPS, and $3.1–$3.5B in free cash flow, with B-21, Sentinel, and national security space as key growth drivers.I maintain a Strong Buy rating with a $656 base case price target (25% upside), citing stable growth, a robust backlog, and future shareholder return potential post-CapEx cycle.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » Getty Images
Northrop Grumman Corporation (NOC) reported a stronger second quarter than the headline year-on-year comparisons suggest. Sales increased modestly, backlog rose to record levels, and adjusted free cash flow surged, with margins and earnings per share being the only metrics with
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Northrop Grumman podepsal s Airbus Defence and Space memorandum o spolupráci na rozšíření ISR schopností NATO s využitím MQ-4C Triton. Dohoda zahrnuje komunikace, zpracování dat, analýzu zpravodajských informací i velení a řízení.
Key Takeaways NOC signed an MOU with Airbus to expand NATO ISR capabilities using MQ-4C Triton systems.The pact covers communications, data processing, intelligence analysis, dissemination and command systems.NOC's NATO experience and partnerships support faster deployment and allied interoperability. Northrop Grumman (NOC - Free Report) continues to strengthen its position in the Intelligence, Surveillance and Reconnaissance (ISR) market through its advanced unmanned aircraft systems, communications technologies and mission-critical defense solutions. The company develops integrated ISR capabilities that help military customers improve situational awareness, enhance decision-making and support operations across multiple domains.
A key example is Northrop Grumman's recently signed Memorandum of Understanding (MOU) with Airbus Defence and Space to support the expansion of the NATO Intelligence, Surveillance and Reconnaissance Force with MQ-4C Triton uncrewed aircraft systems. The collaboration will explore a transatlantic solution to deliver advanced ISR capabilities for NATO operations while strengthening defense cooperation across the Alliance.
Per the agreement, Northrop Grumman will work with Airbus and several European defense companies to provide services that include airborne and ground communications, data processing, intelligence analysis and dissemination, as well as command and control capabilities. The partnership also builds on the company's experience supporting NATO's existing RQ-4D Phoenix fleet, helping accelerate the deployment of next-generation ISR capabilities and strengthen interoperability among allied forces.
As defense agencies worldwide continue to invest in advanced ISR capabilities, demand for integrated surveillance, communications and command systems is expected to remain strong. Northrop Grumman's expanding international partnerships, proven MQ-4C Triton platform and expertise in communications, networking and mission systems position it well to benefit from long-term defense modernization programs and growing demand for ISR solutions.
Other Stocks to Keep on the WatchlistOther aerospace and defense companies expanding their ISR capabilities are discussed below:
General Dynamics (GD - Free Report) : Through its General Dynamics Information Technology business, the company provides ISR and C5ISR solutions, including secure communications, systems integration and mission support services for military customers.
L3Harris Technologies (LHX - Free Report) : The company offers advanced ISR solutions, including airborne sensors, intelligence systems and secure communications that help improve surveillance, information sharing and mission effectiveness.
The Zacks Rundown for NOCShares of NOC have lost 0.2% in the past month compared with the industry’s 3.6% decline.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.60X compared with its industry’s average of 2.46X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 earnings has moved south over the past 60 days.
Northrop Grumman uvedl, že jeho robotická kosmická loď MRV má být dnes vypuštěna a v roce 2027 začne fungovat po orbitálním umístění a testech. CEO Kathy Wardenová k možné zbraňové verzi řekla, že rozhodnutí nechá na vládě USA.
ToplineNorthrop Grumman CEO Kathy Warden on Tuesday appeared to avoid a question about whether the defense contractor’s robotic spacecraft—scheduled for an evening launch by SpaceX—could be weaponized, suggesting she would “leave it up to the U.S. government.”
“I will leave it up to the U.S. government,” CEO Kathy Warden said during an earnings call.
Copyright 2026 The Associated Press. All rights reserved.
Key FactsNorthrop Grumman’s Mission Robotic Vehicle (MRV) is scheduled to launch on Tuesday barring a weather delay, Warden said during the firm’s earnings call, with a roughly four-hour launch window opening at 5:15 p.m. EDT.
Northrop Grumman has pitched its MRV as the first robotic spacecraft capable of repairing, relocating and upgrading satellites in orbit, and Warden indicated the MRV will become operational in 2027 after orbital positioning and testing.
When asked by Melius Research analyst Scott Mikus whether there was a market for an “offensive version” of the MRV that could disable other satellites, Warden replied: “I will leave it up to the U.S. government to decide how that capability might fulfill mission objectives.”
big number$105 billion. That’s the size of Northrop Grumman’s backlog, a record, the company reported Tuesday. The defense contractor raised its sales outlook for the year to up to $44.25 billion, above consensus Wall Street estimates of just below $44 billion, according to FactSet. Earnings through Northrop Grumman’s latest quarter came at $4.86 per share and revenue hit $44.8 billion, well above projections of $2.96 per share and $35.7 billion, respectively.
tangentTesla CEO Elon Musk said in April the automaker’s humanoid robot Optimus “will not just be Tesla’s biggest product ever, but probably the biggest product ever.” Tesla unveiled its robotics project in 2021, as Musk said the company’s goal is to “make a useful humanoid robot as quickly as possible.”
key backgroundNorthrop Grumman has positioned space as one of its major strategic business targets in recent years, landing a series of contracts with the U.S. military. The defense contractor has also expanded into servicing satellites through its SpaceLogistics subsidiary, which developed the MRV. Northrop Grumman’s space segment accounted for 15% of all of its revenue through the latest quarter in addition to a backlog exceeding $16 billion.
further readingForbesTesla Beats First-Quarter Expectations Amid Pivot To Robotics, AIBy Alicia Park
Northrop Grumman zveřejnil konferenční hovor k výsledkům za 2. čtvrtletí 2026. Firma zároveň uvedla, že výhled na rok 2026 vychází z tehdy dostupných informací.
Northrop Grumman Corporation (NOC) Q2 2026 Earnings Call July 21, 2026 9:30 AM EDT
Company Participants
Adam Barr
Kathy Warden - Chair, CEO & President
John Greene - Corporate VP & CFO
Conference Call Participants
Seth Seifman - JPMorgan Chase & Co, Research Division
Sheila Kahyaoglu - Jefferies LLC, Research Division
Gavin Parsons - UBS Investment Bank, Research Division
Jeremy Jason - Citigroup Inc., Research Division
Scott Deuschle - Deutsche Bank AG, Research Division
David Strauss - Wells Fargo Securities, LLC, Research Division
Matthew Akers - BNP Paribas, Research Division
Justin Lang - Morgan Stanley, Research Division
Scott Mikus - Melius Research LLC
Andre Madrid - BTIG, LLC, Research Division
Peter Arment - Robert W. Baird & Co. Incorporated, Research Division
Gautam Khanna - TD Cowen, Research Division
Myles Walton - Wolfe Research, LLC
Presentation
Operator
Good day, and thank you, ladies and gentlemen, and welcome to Northrop Grumman's Second Quarter 2026 Conference Call. Today's call is being recorded. My name is Josh, and I will be your operator today. [Operator Instructions]
I would now like to turn the call over to your host, Mr. Adam Barr, Head of Investor Relations. Mr. Barr, please proceed.
Adam Barr
Good morning, and welcome to Northrop Grumman's Second Quarter 2026 Conference Call. Before we begin, please note that matters discussed on today's call, including guidance and outlooks for 2026 and beyond, reflect the company's judgment based on information available at the time of this call. They constitute forward-looking statements under the safe harbor provisions of federal securities laws. Forward-looking statements involve risks and uncertainties, including those noted in today's press release and our SEC filings, which may cause actual company results to differ materially.
Today's call will also include non-GAAP financial measures, which are reconciled to our GAAP results in the earnings release. Additionally, we refer to a presentation that has been posted to our Investor Relations
Northrop Grumman upravil výhled tržeb na fiskální rok 2026 na 43,75 až 44,25 miliardy USD a zisk na akcii na 28,60 až 29,10 USD díky silné poptávce po zbraních.
Signage is displayed at the Northrop Grumman Corporation booth at Special Operations Forces (SOF) Week for defense companies in Tampa, Florida, U.S., May 7, 2024. REUTERS/Luke Sharrett Purchase Licensing Rights, opens new tab
July 21 (Reuters) - Defense supplier Northrop Grumman (NOC.N), opens new tab on Tuesday lifted its 2026 sales and adjusted profit forecast, supported by sustained demand for weapons amid a wave of geopolitical conflicts.
Shares were down 4% in early trading in New York as the company said two of its four business segments did not perform well during the quarter.
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U.S. President Donald Trump has been pressing defense companies to expand manufacturing capacity and boost weapons production as the wars in Ukraine and the Middle East drain the country's stockpiles.
The U.S. has expended more than 50,000 rockets, missiles and other rocket-propelled projectiles since the beginning of the Russia-Ukraine conflict in 2022 through the war with Iran, according to data from the Pentagon.
Trump has also proposed a record $1.5 trillion military budget for fiscal year 2027, far exceeding the $901 billion approved for 2026.
Revenue in Northrop's defense systems business rose 5%, helped by strong sales in its Sentinel program, the land-based leg of the U.S. nuclear triad.
However, operating income in the defense business fell 38% as the company spends more to develop and qualify its air-to-surface missile, Stand-in Attack Weapon and mature production for the long-range version of the Advanced Anti-Radiation Guided Missile.
"Given the market’s tendency to punish execution challenges, we could see pressure on the stock, though we do not believe expectations for the quarter were very high," said Seth Seifman, analyst at JP Morgan.
Northrop's largest revenue segment, Aeronautics, posted a 13% increase in second-quarter sales compared with a year earlier, driven by strong performance in the B-21 Raider program and other classified programs.
The B-21 Raider, a nuclear-capable long-range strike aircraft, received a major production boost in February, when Northrop signed an Air Force agreement, opens new tab expanding production capacity by 25%, with the first delivery set for 2027.
Northrop lifted its 2026 revenue forecast by $250 million to a range of $43.75 billion to $44.25 billion, roughly in line with Wall Street estimates, according to data compiled by LSEG.
Excluding items, the company now expects 2026 profit between $28.60 and $29.10 per share, compared to a prior range of $27.40 to $27.90 apiece.
The Falls Church, Virginia-based company reported total sales of $10.88 billion for the quarter ended June 30, compared to analysts' expectations of $10.81 billion. Its total backlog rose 9% to $104.7 billion during the period - a record.
Its per-share quarterly profit stood at $7.68, compared with $8.15 a year earlier, with the latter including a $1.04 benefit from the divestiture of Northrop's training services business. Analysts on average expected $6.82 per share.
The beat in quarterly profit was primarily due to a lower tax rate, according to analysts at JP Morgan and TD Cowen.
Reporting by Aishwarya Jain in Bengaluru; Editing by Jonathan Ananda and Nick Zieminski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Mike Stone is a Reuters reporter covering the U.S. arms trade and defense industry. Most recently Mike has been focused on the Golden Dome missile defense shield. Mike also spends a lot of his time writing on Ukraine and how industry has adapted, or faltered as it supports that conflict. Mike, a New Yorker, has extensively covered how the U.S. has supplied Ukraine with weapons, the cadence, decisions and milestones that have had battlefield impacts. Before his time in Washington Mike’s coverage focused on mergers and acquisitions for oil and gas companies, financial institutions, defense companies, consumer product makers, retailers, real estate giants, and telecommunications companies.
July 21, 2026 06:54 ET | Source: Northrop Grumman Corporation
FALLS CHURCH, Va., July 21, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its second quarter 2026 financial results. A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.
Earnings Call Webcast
As previously announced, Northrop Grumman will webcast its earnings conference call at 9:30 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com.
About Northrop Grumman
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.
Northrop Grumman čeká ve 2. čtvrtletí vyšší tržby díky silnému backlogu a poptávce po obraně. Management čeká vysoký jednociferný sekvenční růst tržeb oproti předchozímu čtvrtletí ve všech čtyřech segmentech.
Key Takeaways Northrop Grumman is expected to post higher Q2 revenues supported by strong backlog and defense demand.NOC expects high single-digit sequential sales growth across all four operating segments.NOC faces execution risk as Sentinel program cost and contract discussions continue. Northrop Grumman Corporation (NOC - Free Report) is scheduled to release second-quarter 2026 results on July 21, before market open. The company delivered an earnings surprise of 0.99% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Key Factors Likely to Influence NOC’s Q2 ResultsNorthrop Grumman’s second-quarter earnings are expected to have benefited from solid demand, supported by one of the strongest backlogs in the defense industry. It offers strong visibility into near-term revenue streams.
Continued geopolitical tensions, increasing U.S. and allied defense spending, and demand for advanced aircraft, missile defense, space systems, and autonomous technologies should have continued to support new contract awards and program execution during the second quarter.
Management stated that it expects "high single-digit sequential sales growth" in the second quarter. This suggests that revenues should increase meaningfully from the first-quarter level, with growth expected across all four operating segments rather than being driven by a single business. Segment operating margins are expected to improve, driven by stronger operational performance, favorable production timing and a better business mix.
The company’s top line is likely to have benefited from the ramp-up of major programs, particularly in missile systems, airborne radar, and strategic modernization efforts. These programs are transitioning into higher production phases, which typically boosts revenues.
While the Sentinel program remains a key long-term growth driver for Northrop Grumman, it also represents the company's biggest execution risk. Following cost overruns and schedule delays, the U.S. Air Force restructured the program, and discussions with the government on revised costs, timelines, and contract terms are ongoing. If the company records additional cost growth, revises program estimates, or recognizes new charges during the second quarter, it could negatively impact operating margins and earnings.
NOC’s Q2 ExpectationsThe Zacks Consensus Estimate for earnings is pegged at $6.84 per share, indicating a year-over-year decrease of 3.8%.
The Zacks Consensus Estimate for revenues is pinned at $10.78 billion, implying a year-over-year improvement of 4.1%.
What the Zacks Model UnveilsOur proven model predicts an earnings beat for Northrop Grumman this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Other Stocks to ConsiderInvestors may also consider the following players from the same industry, as these, too, have the right combination of elements to post an earnings beat this reporting cycle.
RTX Corporation (RTX - Free Report) is likely to come up with an earnings beat when it announces second-quarter results on July 23, before market open. It has an Earnings ESP of +2.02% and a Zacks Rank #2 at present.
The consensus estimate for RTX’s second-quarter sales suggests an improvement of 5.8% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 12.7% for the trailing four quarters.
General Dynamics (GD - Free Report) is likely to come up with an earnings beat when it announces second-quarter results on July 29, before market open. It has an Earnings ESP of +2.94% and a Zacks Rank #2 at present.
The consensus estimate for GD’s second-quarter sales suggests an improvement of 3.2% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 5.3% for the trailing four quarters.
L3Harris Technologies (LHX - Free Report) is expected to come up with an earnings beat when it reports second-quarter results on July 29, after market close. It has an Earnings ESP of +3.02% and a Zacks Rank #3 at present.
The consensus estimate for LHX’s second-quarter sales implies an improvement of 6.6% from the year-ago quarter’s level. The Zacks Consensus Estimate for earnings is pinned at $2.81 per share, indicating year-over-year growth of 1.1%.
Wall Street analysts forecast that Northrop Grumman (NOC - Free Report) will report quarterly earnings of $6.84 per share in its upcoming release, pointing to a year-over-year decline of 3.8%. It is anticipated that revenues will amount to $10.78 billion, exhibiting an increase of 4.1% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Northrop Grumman metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Sales- Mission Systems' will reach $3.21 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts forecast 'Sales- Aeronautics Systems' to reach $3.27 billion. The estimate suggests a change of +4.9% year over year.
Analysts' assessment points toward 'Sales- Space Systems' reaching $2.73 billion. The estimate indicates a change of +3.2% from the prior-year quarter.
The average prediction of analysts places 'Sales- Defense Systems' at $2.14 billion. The estimate indicates a year-over-year change of +7.3%.
According to the collective judgment of analysts, 'Operating income (loss)- Mission Systems' should come in at $468.64 million. The estimate is in contrast to the year-ago figure of $441.00 million.
It is projected by analysts that the 'Operating income (loss)- Space Systems' will reach $299.67 million. Compared to the current estimate, the company reported $280.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating income (loss)- Aeronautics Systems' will reach $307.92 million. Compared to the present estimate, the company reported $321.00 million in the same quarter last year.
Analysts expect 'Operating income (loss)- Defense Systems' to come in at $214.78 million. The estimate is in contrast to the year-ago figure of $253.00 million.
The consensus estimate for 'Segment operating income adjustment- Unallocated corporate expenses' stands at -$55.00 million. The estimate is in contrast to the year-ago figure of $143.00 million.
View all Key Company Metrics for Northrop Grumman here>>>
Over the past month, shares of Northrop Grumman have returned -4.5% versus the Zacks S&P 500 composite's +0.5% change. Currently, NOC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Northrop Grumman zahájil výstavbu nové budovy v Roy Innovation Center v Utahu pro program Sentinel amerického letectva a další obranné mise. Projekt má vytvořit stovky pracovních míst a podpořit dodání první schopnosti Sentinel do počátku 30. let.
As the largest defense contractor in Utah, the company marks a pivotal moment for growth, aerospace innovation and national defense investment July 14, 2026 17:58 ET | Source: Northrop Grumman Corporation
ROY, Utah, July 14, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman (NYSE: NOC) broke ground on a new building at its expansive Roy Innovation Center (RIC), the central campus tailor-made to develop the U.S. Air Force Sentinel Intercontinental Ballistic Missile (ICBM) program and other critical aerospace and defense missions. Northrop Grumman’s investment to expand the footprint of the Sentinel program will create hundreds of new jobs and supports the accelerated timeline to deliver Sentinel initial capability to the U.S. Air Force by the early 2030s while enabling long-term growth across multiple national security programs.
The new addition brings the RIC campus to a total of six state-of-the-art buildings and more than 1.1 million square feet of office space, providing capacity for more than 5,000 employees supporting strategic deterrence and advanced aerospace programs. Construction of the new Legacy Building begins this summer and will be completed by 2028.
As the largest defense contractor in Utah, Northrop Grumman’s continued investments in the state are having a significant economic impact while creating hundreds of new jobs across multiple missions and programs. Northrop Grumman directly employs over 11,000 Utahns and, according to a recent study, supports more than 46,000 jobs across the state, generating over $12.4 billion for the economy.
Tony Nolls, Director of Operations, Northrop Grumman; Taylor Woodbury, CEO, Woodbury Construction; Sarah Willoughby, Vice President and General Manager, Sentinel Program Director, Northrop Grumman; Spencer J. Cox, Utah Governor; Ben Davies, Corp. Vice President & President, Defense Systems, Northrop Grumman; Amanda Davis, Vice President and Sentinel EMD Program Manager, Northrop Grumman; Joshua Johnson, Vice President of Business Management, Northrop Grumman. (Photo Credit: Northrop Grumman)
"As Utah's largest aerospace and defense employer, Northrop Grumman is a cornerstone of our state's economy and a key contributor to our nation's security. We are proud to partner with Northrop Grumman as it advances aerospace innovation, strengthens advanced manufacturing, and creates high-quality jobs across Utah. Together, we are ensuring Utah remains a leader in the technologies and capabilities that support our national defense. For generations, Utah has embraced the responsibility of advancing the strategic deterrence mission, and we are proud to uphold and continue that legacy," said Utah Governor Spencer Cox.
“Utah’s world-class talent pool, strategic location to Hill Air Force Base and supportive community make it the ideal home for this expansion of Sentinel and other critical missions we support from this site,” said Ben Davies, corporate vice president and president, Northrop Grumman Defense Systems. “This groundbreaking symbolizes our longstanding commitment to the state and reinforces our investment in national security and local prosperity through an enduring presence that will support multiple missions for decades to come.”
Over the past five years, Northrop Grumman has invested $13.5 billion in infrastructure and R&D, including $2 billion dedicated to solid rocket motor capacity and capabilities—that accelerate and scale production for the Sentinel program and strengthen the broader strategic deterrence and space launch industrial base. As Sentinel continues to advance, Northrop Grumman remains focused on delivering warfighter capabilities that balance breakthrough technology, affordability and speed across a portfolio of missions that rely on our Utah facilities and teams.
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.
RTX po výsledcích za 1. čtvrtletí zvýšila celoroční výhled na tržby 92,5 až 93,5 miliardy USD a upravený EPS 6,70 až 6,90 USD. Jde o osmý kvartální beat v řadě.
Defense stocks are the rare corner of the market where geopolitical anxiety, fiscal generosity and multi-year revenue visibility all converge at once. With the Fiscal Year 2027 investment request by the Department of War totaling $756.8 billion, and President Trump declaring that “our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 Trillion Dollars,” the demand backdrop heading into July is as durable as it gets. Goldman Sachs frames it similarly, arguing that economic security will be a prominent theme in 2026, with NATO defense commitments and reindustrialization creating substantial opportunities for active managers.
Three names anchor that thesis. Each has a tool-verified data point supporting the “resilient” label, each has a clear bull case for July, and each carries a real risk worth pricing in.
Lockheed Martin (NYSE: LMT) Lockheed Martin (NYSE:LMT | LMT Price Prediction) trades at $545.70 as of July 2, up nearly 8% over the past month. The stock is up around 10% over the trailing year, but some recent weakness has created a more interesting entry. Forward P/E sits at 17, with a dividend yield of 3% and a Wall Street average target of $624.11.
The bull case is built on backlog and program lock-in. Lockheed ended 2025 with a record $194 billion backlog, representing more than 2.5 years of sales, and management reaffirmed FY2026 guidance of $77.5 to $80.0 billion in sales and diluted EPS of $29.35 to $30.25. Critically, the Department of War signed multi-year framework agreements to scale Patriot, THAAD, and PrSM production by three to four times current rates, and Lockheed just landed a $4.8 billion PAC-3 missile production contract. CEO Jim Taiclet said the year’s start “reinforces our confidence in Lockheed Martin’s continued operational and financial growth in the year ahead.”
Risk: Q1 2026 EPS of $6.44 missed the $6.70 estimate, dragged by a $125 million F-16 unfavorable profit adjustment. Fixed-price contract execution remains the perennial caveat.
Northrop Grumman (NYSE: NOC) Northrop Grumman (NYSE:NOC) has been the worst-performing of the three this year, down 12% year-to-date to $504.60. That underperformance is the opportunity. Forward P/E sits at 18, the dividend yields 2%, and the analyst target of $695.05 implies meaningful upside from current levels.
The resilience case is the cleanest of the group. Q1 2026 saw EPS of $6.14 beat the $6.06 estimate, revenue grew 4% to $9.88 billion, and net income climbed 82% year-over-year. The B-21 Raider swung from a $183 million operating loss to $305 million in operating income, a turnaround that should compound as production expands. Backlog stands at $95.61 billion with a 1.10 book-to-bill.
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The most telling signal came from the boardroom. On May 20, 2026, ten Northrop directors purchased 349 shares each at $552.17, a coordinated buy that strongly suggests management views the stock’s pullback as a gift. CEO Kathy Warden described the quarter as reflecting “our ability to deliver in today’s unprecedented global demand environment.”
Risk: The B-21 LRIP program still has memory of a $477 million loss provision, and government shutdown risk is explicitly not in guidance.
RTX Corp (NYSE: RTX) RTX (NYSE:RTX) is the only one of the three to raise full-year guidance after Q1, and its price action shows it. The stock trades at $188.54, up 32% over the past year and 4% in the past month. Forward P/E of 27 is the highest of the trio, but the growth profile justifies it. The yield is 1%, and analysts carry a target of $215.73.
The bull case is execution. Q1 2026 adjusted EPS of $1.78 beat the $1.52 estimate by 17%, the eighth consecutive quarterly beat. RTX then raised its FY2026 outlook to adjusted sales of $92.5 to $93.5 billion and adjusted EPS of $6.70 to $6.90. Backlog finished Q1 at $271 billion, split $162 billion commercial and $109 billion defense. Recent wins include a $1.1 billion U.S. Navy AIM-9X contract and a $515 million SPY-6 radar contract. CEO Chris Calio cited “organic sales and adjusted operating profit growth across all three segments” as the reason for the raise.
Risk: The Pratt & Whitney powder metal matter requiring accelerated GTF fleet inspections remains a multi-year cash drag, and tariff exposure at Collins and Pratt is a watch item.
What to Watch in July Q2 earnings land in late July for all three. Lockheed and Northrop report on the same calendar week, with RTX close behind. The question is whether RTX raises again, whether Northrop’s B-21 momentum is sustainable, and whether Lockheed can put the F-16 charge behind it. With backlogs collectively approaching $560 billion and a defense budget trajectory that only points higher, the setup favors continued operational delivery over multiple expansion.
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Northrop Grumman rozšiřuje své raketové schopnosti díky programům SiAW a AARGM-ER pro boj v silně bráněném prostředí. Firma tím posiluje pozici na trhu s raketami a protiraketovou obranou.
Key Takeaways Northrop Grumman is expanding missile capabilities through advanced tactical and defense technologies.NOC's portfolio includes precision-strike weapons, sensors, command-and-control and defense systems.SiAW and AARGM-ER target contested environments and advanced enemy air defense systems. Northrop Grumman (NOC - Free Report) continues to strengthen its position in the missile market through the development of advanced missile systems and precision-strike technologies for the U.S. military and allied nations. The company offers a broad portfolio of missile and missile defense solutions designed to address evolving battlefield requirements and counter increasingly sophisticated threats.
NOC continues to expand its missile capabilities through the development of advanced tactical missiles, missile defense technologies and next-generation munitions. Its portfolio includes precision-strike weapons, advanced sensors, command-and-control systems and integrated air and missile defense solutions that support a wide range of military missions. These capabilities enable the company to help customers detect, track and defeat emerging threats while improving operational effectiveness.
Among its advanced missile programs are the Stand-in Attack Weapon (SiAW) and the Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER). The SiAW is designed to strike heavily defended and time-sensitive targets in contested environments and features an open-architecture design that allows for rapid upgrades as threats evolve. Meanwhile, the AARGM-ER is a supersonic, air-launched tactical missile developed to destroy advanced enemy air defense systems through improved propulsion, extended range and an enhanced warhead.
With governments around the world continuing to invest in advanced missile systems and strengthen their defense capabilities, demand for modern missile technologies is expected to remain healthy. Northrop Grumman's broad portfolio of missile solutions, combined with its expertise in advanced electronics, sensors and integrated defense systems, positions it well to benefit from long-term growth opportunities in the global missile market.
Other Companies Expanding Their Missile CapabilitiesOther aerospace and defense companies expanding their missile capabilities are discussed below:
RTX Corporation (RTX - Free Report) : The company develops advanced missile systems such as the Patriot air and missile defense system and the SM-6 missile, which continue to witness strong global demand. RTX also provides advanced sensors, interceptors and command-and-control technologies that strengthen layered missile defense capabilities.
Lockheed Martin (LMT - Free Report) : Through its broad missile portfolio, the company manufactures systems such as the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD), Joint Air-to-Surface Standoff Missile (JASSM), Multiple Launch Rocket System (MLRS) and Javelin tactical missile, supporting U.S. and allied defense modernization efforts.
The Zacks Rundown for NOCShares of NOC have surged 3.1% in the past year compared with the industry’s 7.1% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.63X compared with its industry’s average of 2.66X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has moved north over the past 60 days.
Northrop Grumman získal od amerického námořnictva zakázku za 312,3 mil. USD na výrobu SEWIP Block 3 do srpna 2029. Systém posiluje elektronický boj proti radarům a protilodním střelám.
Key Takeaways Northrop Grumman won a $312.3M Navy contract for SEWIP Block 3 production through August 2029.NOC's SEWIP Block 3 adds advanced electronic attack to counter hostile radar and anti-ship missiles.Northrop Grumman continues investing in next-generation electronic warfare for naval defense systems. Northrop Grumman (NOC - Free Report) continues to strengthen its position in the Surface Electronic Warfare Improvement Program (SEWIP) market through its advanced electronic warfare (EW) technologies and long-standing partnership with the U.S. Navy. The company's Mission Systems business develops next-generation EW solutions that help naval forces detect, identify and counter increasingly sophisticated threats, improving survivability and mission effectiveness in contested maritime environments.
A key example is Northrop Grumman's latest contract from the U.S. Navy. In June 2026, the company secured a $312.3 million modification contract to exercise an option for the production of SEWIP Block 3 Hemisphere and Quadrant systems. Awarded by the Naval Sea Systems Command, the contract supports the continued production of advanced electronic warfare systems for U.S. Navy ships and is scheduled for completion by August 2029.
SEWIP Block 3 represents the latest evolution of the Navy's AN/SLQ-32 electronic warfare system. It provides advanced electronic attack capabilities that enable warships to detect, identify, analyze and counter hostile radar and anti-ship missile threats. By integrating offensive and defensive electronic warfare functions, the system enhances fleet survivability while allowing Navy vessels to respond more effectively to increasingly complex electromagnetic threats.
With naval forces worldwide investing heavily in electronic warfare and electromagnetic spectrum dominance, demand for advanced systems such as SEWIP is expected to remain strong. Northrop Grumman's continued investments in next-generation electronic warfare technologies, combined with its proven expertise in delivering mission-critical naval defense systems, position it well to benefit from long-term defense modernization initiatives and the growing focus on maritime electronic warfare capabilities.
Other Stocks to Keep on the WatchlistOther aerospace and defense companies expanding their electronic warfare capabilities are discussed below:
RTX Corporation (RTX - Free Report) : The company is a leading provider of advanced electronic warfare systems. Its Next Generation Jammer equips the EA-18G Growler with advanced electronic attack capabilities, enabling it to disrupt and degrade multiple enemy radar systems simultaneously.
General Dynamics (GD - Free Report) : The company offers advanced electronic warfare solutions through its defense portfolio. Its Tactical Electronic Warfare System enables military personnel to detect, identify and locate enemy signals while disrupting hostile communications and improving battlefield situational awareness.
The Zacks Rundown for NOCShares of NOC have lost 1.5% in the past year compared with the industry’s 6% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.55X compared with its industry’s average of 2.62X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has moved north over the past 60 days.
