Northrop Grumman ve 3. čtvrtletí vykázal tržby ve výši 11,12 mld. USD, což představuje meziroční nárůst o 6,7 %, a zisk na akcii (EPS) 7,89 USD; oba ukazatele překonaly očekávání analytiků.
For the quarter ended September 2026, Northrop Grumman (NOC - Free Report) reported revenue of $11.12 billion, up 6.7% over the same period last year. EPS came in at $7.89, compared to $7.67 in the year-ago quarter.
The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $11.06 billion. With the consensus EPS estimate being $7.22, the EPS surprise was +9.28%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northrop Grumman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Mission Systems: $3.16 billion versus $3.18 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2% change.Sales- Aeronautics Systems: $3.58 billion versus the three-analyst average estimate of $3.51 billion. The reported number represents a year-over-year change of +13.8%.Sales- Intersegment eliminations: $-664 million versus $-614.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +16.7% change.Sales- Space Systems: $2.75 billion compared to the $2.8 billion average estimate based on three analysts. The reported number represents a change of +1.9% year over year.Sales- Defense Systems: $2.31 billion compared to the $2.2 billion average estimate based on three analysts. The reported number represents a change of +12% year over year.Operating income (loss)- Intersegment eliminations: $-94 million compared to the $-87.73 million average estimate based on three analysts.Operating income (loss)- Mission Systems: $500 million versus $474.86 million estimated by three analysts on average.Operating income (loss)- Space Systems: $312 million compared to the $306.42 million average estimate based on three analysts.Operating income (loss)- Aeronautics Systems: $377 million versus $337.46 million estimated by three analysts on average.Operating income (loss)- Defense Systems: $250 million versus the three-analyst average estimate of $233.89 million.Segment operating income adjustment- Unallocated corporate expenses: $-69 million compared to the $-59.13 million average estimate based on two analysts.View all Key Company Metrics for Northrop Grumman here>>>
Shares of Northrop Grumman have returned -3% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Northrop Grumman zvýšil výhled upraveného zisku na akcii pro rok 2026 na 29,35 až 29,75 USD díky silné poptávce; objem nevyřízených zakázek dosáhl rekordních 109,6 miliardy USD.
Northrop Grumman (NOC.N) raised its annual profit forecast on Tuesday after strong demand for military aircraft, missile and defense programs helped beat Wall Street estimates for third-quarter profit, and drove its backlog to a record high.
Shares of the West Falls Church, Virginia-based defense contractor rose nearly 2% before the bell.
Northrop, which makes the B-21 Raider bomber and parts for the F-35 fighter jets, has been benefiting from rising US and allied military spending amid heightened geopolitical tensions.
"I'm confident our new record backlog, well-positioned portfolio and investments, and industry-leading performance will continue to drive sales and earnings growth as reflected in our 2027 outlook," said CEO Kathy Warden.
The company secured $16.4 billion in new contracts during the quarter, with its orders growing at 1.5 times its billings, driven by strong demand across programs including Sentinel, the F-35, Virginia-class submarines and certain classified programs.
Northrop's backlog rose to a record $109.6 billion as of September 30.
It now sees full-year 2026 adjusted profit per share in the range of $29.35 to $29.75, compared with its prior forecast if between $28.60 and $29.10.
Quarterly sales rose 7% from a year ago to $11.12 billion on higher sales across all four sectors. Analysts expected $11.14 billion, according to data compiled by LSEG.
This growth was mainly driven by a 14% increase at its Aeronautics Systems unit, which benefited from increased B-21 bomber sales, higher F-35 production and sustainment work.
Sales at its Defense Systems segment increased 12%, boosted by the continued ramp-up of the Sentinel missile program.
Its quarterly profit came in at $7.89 per share, compared with analysts' estimate of $7.18 per share.
Northrop Grumman vyvíjí 25mm systém Precision Grenadier System pro boj proti dronům a boj zblízka; výrobu zbraně a integraci programátoru munice zajistí Barrett Firearms.
Key Takeaways NOC is advancing its 25mm Precision Grenadier System to address close combat and drone threats.NOC partnered with Barrett Firearms to manufacture the PGS weapon and integrate its ammunition programmer.NOC shares fell 4.4% in three months, while its forward Price/Sales of 1.52X trails the industry's 2.07X. Northrop Grumman (NOC - Free Report) is expanding its precision weapons capabilities as military forces seek effective solutions against evolving battlefield threats, including small unmanned aircraft systems. The company is advancing its Precision Grenadier System (PGS), a shoulder-fired 25mm grenade launcher designed to engage targets in close combat, behind cover and in drone-threat scenarios.
The system combines a launcher with programmable 25mm ammunition, letting soldiers engage targets that may be hard to reach with conventional weapons. Its potential role in countering small drones also reflects the growing need for cost-effective solutions against unmanned threats on the battlefield.
Northrop Grumman recently signed a teaming agreement with Barrett Firearms to manufacture the weapon portion of the PGS and integrate the inductive setter used to program its ammunition. Barrett will produce the weapon at its Nashville, TN, facility, supporting the program’s manufacturing and delivery plans.
The partnership combines Northrop Grumman’s ammunition and precision-weapons expertise with Barrett’s firearms manufacturing capabilities. It could help the companies address demand from U.S. and international customers seeking improved infantry capabilities.
As militaries adapt to changing battlefield requirements, demand for programmable ammunition, precision weapons and counter-drone solutions could create opportunities for Northrop Grumman. The PGS program adds to its broader portfolio of advanced weapons designed to improve warfighter effectiveness.
Defense Stocks to Keep on the RadarGrowing demand for precision weapons and counter-drone capabilities could also benefit other defense contractors developing advanced battlefield systems.
RTX Corporation (RTX - Free Report) : RTX develops precision-guided weapons and air defense systems, including solutions designed to counter aerial threats. Its missile technologies support military requirements for accurate engagement and improved battlefield protection.
Lockheed Martin (LMT - Free Report) : Lockheed Martin produces precision strike weapons and guided munitions for U.S. and allied forces. Its portfolio supports demand for advanced targeting and effective engagement of emerging battlefield threats.
The Zacks Rundown for NOCShares of NOC have lost 4.4% in the past three months compared with the industry’s 12.2% decline.
Image Source: Zacks Investment Research
The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.52X compared with its industry’s average of 2.07X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2027 earnings has remained the same 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.
Northrop Grumman ve 3. čtvrtletí očekává tržby ve výši 11,06 mld. USD, což představuje meziroční růst o 6,1 %, zatímco zisk na akcii má klesnout o 5,4 % na 7,26 USD.
Key Takeaways Northrop Grumman expects Q3 sales growth of 6.1%, while earnings are projected to decline 5.4% year over year.Higher B-21 Raider production, weapons demand and Sentinel ramp-up could support revenue growth.Northrop Grumman raised 2026 sales guidance to $43.75-$44.25 billion, but Sentinel cost risks persist.
Northrop Grumman Corporation (NOC - Free Report) is scheduled to release third-quarter 2026 results on Oct. 20, before market open. The company delivered an earnings surprise of 12.3% 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 Q3 ResultsNorthrop Grumman’s third-quarter earnings are expected to have benefited from solid demand, supported by a strong backlog. 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 third quarter.
Management anticipated mid- to high-single-digit year-over-year sales growth in the third quarter. Northrop Grumman raised its 2026 sales guidance to $43.75-$44.25 billion from $43.5-$44 billion previously, reflecting confidence in stronger second-half activity. Higher production volumes across all four business segments could have supported third-quarter revenues. However, achieving the target depends on program execution, delivery schedules, and the availability of materials and labor.
Aeronautics Systems is positioned to have benefited from higher B-21 Raider production, alongside increased activity on the E-130J TACAMO, B-2 and F-35 programs. The agreement to expand B-21 production capacity could have supported further growth as the program ramps up. Management also said the U.S. Air Force was evaluating whether to accelerate production into a larger program of record, potentially creating a longer-term opportunity beyond the existing plan.
Defense Systems could have benefited from rising ammunition sales, increased production activity across its weapons portfolio, continued Sentinel ramp-up, and growth in the Integrated Battle Command System. Management expects second-half revenues to increase more than $700 million, supported by these programs, and projects margins above 11% during the period, excluding the impact of missile development investments.
Despite receiving significant new awards, Sentinel remains a complex program with a history of major cost increases. Northrop Grumman continues to execute the engineering and manufacturing development phase under a cost-type contract, while the production and deployment phases remain subject to revised baselines and future negotiations. Its future financial performance remains sensitive to estimated costs, program milestones and contract terms.
NOC’s Q3 ExpectationsThe Zacks Consensus Estimate for earnings is pegged at $7.26 per share, indicating a year-over-year decrease of 5.4%.
The Zacks Consensus Estimate for revenues is pinned at $11.06 billion, implying a year-over-year improvement of 6.1%.
What the Zacks Model UnveilsOur proven model does not predict 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 not the case here, as you will see below.
Stocks to ConsiderInvestors may 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.
Lockheed Martin (LMT - Free Report) is expected to come up with an earnings beat when it reports third-quarter results on Oct. 22, before market open. It has an Earnings ESP of +0.27% and a Zacks Rank #2 at present.
The consensus estimate for LMT’s third-quarter sales implies an improvement of 9.4% from the year-ago quarter’s level. The Zacks Consensus Estimate for earnings is pinned at $7.48 per share, indicating year-over-year growth of 7.6%.
Howmet Aerospace (HWM - Free Report) is likely to come up with an earnings beat when it announces third-quarter results on Oct. 29, before market open. It has an Earnings ESP of +0.21% and a Zacks Rank #1 at present.
The consensus estimate for HWM’s third-quarter sales suggests an improvement of 24% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 6.9% for the trailing four quarters.
L3Harris Technologies (LHX - Free Report) is likely to come up with an earnings beat when it announces third-quarter results on Oct. 29, before market open. It has an Earnings ESP of +0.76% and a Zacks Rank #3 at present.
The consensus estimate for LHX’s third-quarter sales suggests an improvement of 4.3% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 5.3% for the trailing four quarters.
Zakázková kniha společnosti Northrop Grumman dosahuje 2,4násobku tržeb za posledních 12 měsíců a roste o 16 % ročně, přičemž marže volného peněžního toku zůstává stabilní na úrovni 8–9 %.
SummaryNorthrop Grumman is well-positioned amid rising Western defense budgets and strong management under CEO Kathy Warden.NOC fundamentals are robust: a large and growing backlog (2.4x TTM revenue, +16% pa), accelerating revenue growth, stable 8-9% cash flow margins, and declining leverage.Valuation is attractive at under 2x TTM revenue and under 22x TTM unlevered pretax FCF, with technicals suggesting a possible bottom near $426.We rate NOC 'Accumulate,' expecting upside from sector rotation and increased defense spending, with a stop-loss below $426 to manage downside risk.This idea was discussed in more depth with members of my private investing community, Growth Investor Pro. Learn More » John M. Chase/iStock Unreleased via Getty Images
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Northrop Grumman získal zakázku v hodnotě 66 milionů USD na modernizaci, materiál a náhradní díly pro bezpilotní letouny MQ-4C Triton amerického námořnictva a australského letectva.
Key Takeaways Northrop Grumman won a $66 million order for MQ-4C Triton retrofits, materials and spares.The award covers 33 engineering change proposals for the U.S. Navy and Royal Australian Air Force.NOC could gain recurring demand from Triton sustainment, modernization and expanding unmanned-system interest. Northrop Grumman (NOC - Free Report) continues to benefit from rising demand for unmanned aircraft systems as the U.S. Navy and its allies expand their intelligence, surveillance and reconnaissance capabilities. The company recently received a $66 million delivery order for engineering retrofits, materials and spares for fielded MQ-4C Triton unmanned aircraft systems.
The award covers 17 engineering change proposals for the U.S. Navy and 16 for the Royal Australian Air Force. The work is designed to improve fleet standardization and mission readiness and is expected to be completed by June 2030. The program also highlights growing international cooperation around advanced unmanned aircraft.
The MQ-4C Triton is a high-altitude, long-endurance unmanned aircraft designed to provide persistent maritime surveillance and intelligence. Its ability to operate for extended periods helps the Navy monitor large areas and support missions that require continuous situational awareness.
The contract also demonstrates the recurring opportunities available through the sustainment and modernization of deployed unmanned systems. Engineering changes, upgrades and spares can generate continued demand as the Triton fleet expands and evolves to meet changing mission requirements.
Northrop Grumman’s established position in the Triton program, combined with increasing interest in unmanned systems among the United States and its allies, could support long-term growth. Continued investment in autonomous aircraft and persistent surveillance capabilities should provide additional opportunities across the company’s unmanned systems portfolio.
Defense Stocks to Keep on the RadarGrowing demand for unmanned aircraft and persistent surveillance capabilities could also benefit other defense companies with established autonomous systems portfolios.
AeroVironment (AVAV - Free Report) : AeroVironment develops unmanned aircraft and autonomous systems for intelligence, surveillance and reconnaissance missions. Its portfolio includes long-endurance platforms and advanced unmanned systems designed for defense and security applications.
Kratos Defense (KTOS - Free Report) : Kratos develops unmanned aerial systems and autonomous technologies for defense applications. Its portfolio includes high-performance unmanned aircraft designed to support surveillance, testing and advanced combat missions.
The Zacks Rundown for NOCShares of NOC have lost 13.2% in the past three months compared with the industry’s 14.7% decline.
Image Source: Zacks Investment Research
The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.46X compared with its industry’s average of 2.12X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has remained the same 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.
Northrop Grumman ve středu otevřel níže: akcie začaly na 483,00 USD po předchozím závěru 504,61 USD. Trh reagoval i na ztrátu kontraktu F/A-XX pro Boeing.
Northrop Grumman Corporation (NYSE:NOC – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $504.61, but opened at $483.00. Northrop Grumman shares last traded at $484.5310, with a volume of 245,732 shares trading hands.
Trending Headlines about Northrop Grumman Here are the key news stories impacting Northrop Grumman this week:
Positive Sentiment: Northrop Grumman opened a new Arizona facility to support in-space systems, reinforcing its position in the growing space-defense market and potentially expanding future production capacity. Northrop Grumman continues in-space industry leadership with new facility opening in Arizona Positive Sentiment: The company is accelerating extended-range counter-drone missile technology for the U.S. Army, supporting its missile-defense pipeline and adding potential follow-on revenue opportunities. Northrop Grumman to accelerate extended-range C-UAS missile technology Positive Sentiment: UBS issued a Buy rating, while separate analysis suggested NOC could be undervalued by roughly 24% following new space prototype work. These views may limit downside if execution remains solid. Northrop Grumman receives a Buy from UBS Neutral Sentiment: Northrop’s backlog remains approximately $105 billion, supported by the B-21 Raider and Sentinel programs. The loss of F/A-XX does not reduce existing contracted revenue, although investors will monitor how effectively the company ramps production and manages costs. Negative Sentiment: Boeing won the Navy’s F/A-XX development contract, potentially positioning it to capture decades of future fighter production and sustainment revenue. Northrop’s shares decreased as investors reassessed its growth prospects outside its current backlog. Boeing beats Northrop for a $20 billion Navy fighter contract Negative Sentiment: Analysts expect a single-digit year-over-year decline in third-quarter earnings, creating another near-term catalyst for caution ahead of the October results. Northrop Grumman’s third-quarter 2026 earnings outlook Analyst Upgrades and Downgrades A number of research firms have weighed in on NOC. TD Cowen upped their target price on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Citigroup boosted their price objective on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Jefferies Financial Group cut their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a report on Friday, June 26th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $647.57.
Get Our Latest Stock Analysis on Northrop Grumman Northrop Grumman Stock Performance 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 stock has a market cap of $68.47 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.83 and a beta of -0.11. The company’s 50-day simple moving average is $538.98 and its 200-day simple moving average is $568.95.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted 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. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.
Northrop Grumman Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 31st. Northrop Grumman’s dividend payout ratio is currently 31.39%.
Insider Buying and Selling at Northrop Grumman In related news, Director Mark Welsh, III sold 95 shares of the stock in a transaction 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 in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.
Institutional Trading of Northrop Grumman A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Northrop Grumman during the second quarter valued at $6,001,616,000. Bank of America Corp DE acquired a new stake in Northrop Grumman during the 2nd quarter worth about $1,298,141,000. Capital World Investors boosted its position in 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 purchased a new position in Northrop Grumman during the 2nd quarter valued at about $376,135,000. Finally, Corient Private Wealth LP purchased a new position in Northrop Grumman during the 2nd quarter valued at about $44,039,000. 83.40% of the stock is owned by hedge funds and other institutional investors.
Northrop Grumman Company Profile (Get Free Report)
Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense and other government agencies representing its primary markets. Its work spans advanced aircraft, autonomous systems, space systems, missile defense, command and control, cybersecurity, and other mission-critical technologies.
The company’s offerings include strategic and tactical aircraft, unmanned aerial vehicles, aircraft systems, satellites, spacecraft, launch vehicles, missile-warning and missile-defense systems, secure communications, and cyber and information systems.
Further Reading Five stocks we like better than Northrop Grumman Everyone in AI Is Quietly Copying Palantir’s Playbook Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next JPMorgan Bets on Genius Sports as the Market Loses Patience Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.
Lockheed Martin, General Dynamics, RTX a Northrop Grumman letos zvýšily čtvrtletní dividendu a všechny zároveň hlásí silný volný cash flow. U obranných firem stojí růst výplat na dlouhých vládních kontraktech a rekordním backlogu.
Defense contractors win contracts that stretch across multiple budget cycles, which means their dividend programs rest on a very different foundation than most industrial companies. Four of the largest primes have raised their payouts every single year, and the reasons…
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Most industrials live and die by the next order cycle. Defense primes book work on government contracts that stretch across several federal budget cycles, so their backlog behaves like a schedule of future cash receipts. One Lockheed Martin (NYSE:LMT | LMT Price Prediction) award, a seven-year contract valued at $35 billion for THAAD interceptors, shows how far that visibility can reach. This bundle is built around dividend growth and payout durability. All four carry modest yields. The appeal lies in long records of raising the quarterly check, backed by free cash flow guidance large enough to fund the next increase. For each stock, the income figure shown is the annualized forward dividend alongside the current share price.
Lockheed Martin: A Record Backlog Stands Behind Every Quarterly Check Lockheed builds the F-35 fighter, THAAD missile-defense interceptors, radars, hypersonic weapons and space systems for the U.S. government and allied militaries. Second-quarter revenue reached $20.06B (+10.5% YoY), and EPS of $7.94 beat the $7.20 estimate.
Income snapshot: The quarterly dividend is $3.45, an annualized forward payout of $13.8 per share against a current price of $510.61. Shares slipped 8.44% over the past month, so the yield on that payout is now measured against a lower share price.
Dividend safety: Management guides to 2026 free cash flow of $7.0 billion to $7.2 billion, after second-quarter free cash flow of $2.92B. Dividends cost $816 million in the first quarter and $796 million in the second. Full-year EPS guidance of $29.95 to $30.65 sits comfortably above the annual dividend. The CFO said the quarter showed “that we can invest for growth and deliver tangible shareholder value at the same time,” and management cites a strong credit rating as backing for its investment plans.
Track record: Lockheed lifted the quarterly rate from $3.3 to $3.45 starting with the 2025-12-01 ex-dividend date, after a prior step from $3.15 to $3.3. Every change in the quarterly rate since $0.11 in 2002 has been an increase. The last two raises were declared on 2025-10-09 and 2024-10-02, so keep an eye on the next declaration.
Bull case: Backlog sits at a record $230.42B, second-quarter book-to-bill hit 3.2 to one, and guidance went up across sales, EPS and free cash flow. Management said: “This deep book of contracts will fuel our sales growth for years to come.”
Risk: Program concentration. F-35 deliveries fell to 19 from 50 YoY in Q2. Management expects the 156-per-year production rate to hold but concedes funding depends on congressional and administration budget decisions. With one aircraft program this central, delivery slowdowns flow directly into cash timing.
General Dynamics: Cash Piling Up While the Shipyards Fill General Dynamics (NYSE:GD) spans Gulfstream business jets, nuclear submarines, surface combatants, auxiliary ships and land combat systems. Second-quarter revenue rose to $14.1 billion, up 8.1%, and EPS of $4.24 beat the $3.97 estimate for a fifth straight EPS beat.
Income snapshot: The quarterly dividend is $1.59, a forward annual rate of $6.36 per share against a price of $332.75. The next ex-dividend date is 2026-10-09, with payment on 2026-11-13. Shares are down 10.39% over the past month.
Dividend safety: First-half free cash flow came to $3.6 billion, against $834 million in dividends paid during first half of 2026. Management raised its full-year cash conversion outlook to “around 105%” of net income. The balance sheet is moving the right way: cash of approximately $4.3 billion and net debt of $3.2 billion, down $1.2 billion in a single quarter after repaying $500 million of notes with no refinancing planned.
Track record: The dividend stepped up from $1.50 to $1.59 starting with the 2026-04-10 ex-dividend date. Every change in the quarterly rate since $0.23 in 2006 has been an increase.
Bull case: Backlog hit a record $136.5 billion, up 32% from a year ago, with total estimated contract value of $186.9 billion. Book-to-bill was 1.4 to 1 and topped 1 to 1 in all four segments, and full-year EPS guidance rose to $16.80 to $16.90.
Risk: Shipbuilding capital intensity. Marine margin runs at 7.3% versus 14.5% in Aerospace, and the CFO warned “the profile of our investment” will grow significantly in the back half, alongside an approximately $500 million pension contribution. Second-half cash flow will look thinner than the first.
RTX: Jet Engine Aftermarket Gives This Payout a Second Engine RTX (NYSE:RTX) runs three businesses: Collins Aerospace ($8.21B in second-quarter revenue), Pratt & Whitney engines ($8.89B) and Raytheon defense systems ($8.27B). Its $289B backlog splits $162B commercial / $109B defense, making it the most commercially weighted name here.
Income snapshot: RTX pays $0.73 quarterly, a forward annual rate of $2.92 against a price of $185.68. The stock is up 12.61% over a year despite a 10.61% slide over the past month.
Dividend safety: Management raised 2026 free cash flow guidance to $8.50 to $8.75 billion, and second-quarter free cash flow reached $2.88B (vs. $69M prior year). Adjusted EPS guidance of $7.10 to $7.25 covers the forward dividend several times over. The chief executive said: “A commitment to the dividend, for sure. Obviously, we raised the dividend again here recently.” Debt reduction ranks alongside the payout among capital priorities.
Track record: The quarterly rate rose from 0.68 to 0.73 starting with the 2026-05-22 ex-dividend date. The record shows the rate reset to 0.475 in 2020, alongside a one-time 40.58 entry, and every change since has been an increase.
Bull case: Pratt commercial aftermarket sales grew 25%, and Raytheon posted a book-to-bill of 2.42. Civil aviation repair revenue and defense orders fund the same dividend, giving RTX two independent cash streams.
Risk: Commercial engine exposure. The Pratt & Whitney powder-metal GTF issue still requires accelerated inspections, with roughly $150 million of related compensation in the quarter. Management also flagged that part of second-quarter cash reflected timing and that inventory builds will weigh on working capital.
Northrop Grumman: Record Awards and a Marked-Down Share Price Northrop Grumman (NYSE:NOC) builds the B-21 bomber, the Sentinel ICBM, munitions and a large slate of restricted programs. Second-quarter awards totaled $20B, including $7.6B Sentinel and $4.3B restricted, pushing backlog to a record $104.69B. EPS of $7.68 beat the $6.82 estimate.
Income snapshot: The quarterly dividend is $2.47, a forward annual rate of $9.88 against a price of $485.01. Shares are down 19.07% over the past year, so the rising payout is now measured against a lower share price.
Dividend safety: Northrop reaffirmed 2026 free cash flow guidance of $3.1 to $3.5B, after second-quarter free cash flow of $978M (+53.5%) offset a seasonal first-quarter outflow of -$1.82B. MTM-adjusted EPS guidance of $28.60 to $29.10 sits well above the dividend. The CFO said “we understand how important free cash flow is for our investors.”
Track record: The rate climbed from $2.31 to $2.47 starting with the 2026-06-01 ex-dividend date, following raises to $2.31 and $2.06 in the prior two years. Setting aside a one-time $6.366 payment in 2011, every change in the regular quarterly rate since $0.23 in 2004 has been an increase.
Bull case: Management expects full-year book-to-bill of at least 1.25 times and targets doubling international sales to $10 billion by 2031.
Risk: Fixed-price development and classified program dependence. Operating income fell 23.1% on $68M SiAW and $91M GEM 63XL unfavorable adjustments, while net income leaned on a one-time $179M IRS benefit. Restricted programs disclose little, so cost overruns tend to surface as surprise charges, and capex near 4.5% of sales in 2027 and 2028 for the B-21 ramp will compete with payout growth.
Four Raises in a Year Keep the Growth Story Intact All four companies raised their quarterly dividends within the past 12 months, and all four guide to free cash flow that dwarfs what they pay out. Lockheed brings a record contracted book, General Dynamics a rapidly falling net debt, RTX a commercial cash stream layered on defense, and Northrop a classified franchise trading well below last year’s price. For income investors who prioritize rising checks over a big starting yield, this group offers long raise records worth researching.
If multi-decade raise records are the appeal here, it is worth looking beyond defense too. We ranked ten companies with 50-plus consecutive years of dividend increases by valuation in a free Dividend Kings report.
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Boeing získal od ministerstva obrany zakázku za 20 miliard USD na vývoj stíhačky F/A-XX pro námořnictvo. Akcie reagovaly v premarketu růstem asi o 2 %.
The Department of War altered the dynamics of the aerospace sector on Sept. 29, awarding Boeing NYSE: BA a full-scale development contract for the Navy's F/A-XX sixth-generation fighter. Investors reacted immediately, bidding Boeing shares up about 2% in premarket trading on Sept. 30. While the initial price action reflects optimism, the broader shift requires a closer look.
Boeing Today
$186.27 -1.41 (-0.75%)
As of 09/30/2026 03:59 PM Eastern
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$176.77▼
$254.3580.64
$270.95
Securing this $20 billion contract effectively cements Boeing's dominant position in America's next-generation air defense platforms. The F/A-XX award covers multiple test aircraft used for ground, airworthiness, systems, and weapons integration testing.
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Production jets intended to replace the F/A-18E/F Super Hornets remain years away, so the immediate impact is largely tied to long-cycle engineering. As we move from the initial headline shock, investors evaluating the award should assess how recent liquidity improvements position Boeing to meet these operational demands.
Controlling the Skies: The Sixth-Generation Fighter MonopolyWinning the F/A-XX development phase is not an isolated victory for Boeing. It directly follows the 2025 award of the Air Force's F-47 program. Controlling both primary sixth-generation fighter pipelines locks out competitors and consolidates future spending under a single prime contractor for decades.
Understanding how defense sector contracts work clarifies why this dynamic matters. The Department of War typically structures these programs in distinct phases. This initial $20 billion allocation strictly covers the engineering, manufacturing, and development stages. Contractors assume the greatest risk during this period, designing systems that meet classified requirements for maneuverability and payload. Profit margins tend to remain narrow as teams build prototype test aircraft.
The larger financial opportunity arrives later, during the production and sustainment phases. Defense analysts project the U.S. military needs at least 500 sixth-generation fighters to counter Pacific-theater headwinds and replace aging fourth-generation fleets.
By capturing both the Air Force and Navy development contracts, Boeing has positioned itself as a strong candidate to win the eventual production pipeline. Operating as the sole provider of future strike fighters would expand its total addressable market well into the 2030s and 2040s, providing a highly predictable, recurring revenue stream once the platforms reach operational capability.
Landing Gear Deployed: Liquidity Mitigates Engineering RiskSkeptics might point to recent execution problems within Boeing's Defense, Space & Security segment. The division posted a negative 0.2% operating margin in the second quarter of 2026. Fixed-price development contracts have also cost Boeing billions in recent years, with major charges tied to programs like the VC-25B, KC-46A, and T-7A. Adding a second sixth-generation fighter program introduces complex, parallel engineering risks that could theoretically strain internal resources.
The balance sheet currently tells a more stable story. Boeing's second-quarter 2026 earnings delivered a positive free cash flow of $631 million on $24.6 billion in revenue. This unforecasted liquidity provides the operational runway required to absorb the heavy initial research burn of long-cycle aerospace platforms. Positive cash generation acts as a shock absorber, allowing management to deploy capital toward advanced manufacturing facilities without taking on more debt.
Backed by a defense backlog exceeding $85 billion, Boeing possesses the internal capital needed to sustain dual fighter development. Capitalizing on this backlog while maintaining free cash flow limits the probability of severe margin compression. Boeing is positioned to dominate future air defense pipelines while sidelining its primary competitors in the fighter space.
Flying Below the Radar: Why Northrop Grumman's Dip Is NoiseThe F/A-XX announcement triggered a roughly 4% decline for Northrop Grumman NYSE: NOC. Markets often treat major defense bids as binary outcomes, penalizing the losing finalist. However, this specific sell-off misinterprets the reality of defense backlogs and operational capacity. Northrop Grumman lost a contract it never actually held, leaving its forward revenue guidance and existing financial baselines uninterrupted.
Northrop Grumman Today
NOC
Northrop Grumman
$484.26 -20.35 (-4.03%)
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$479.02▼
$774.002.04%
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The primary driver of near-term operations for Northrop Grumman is accelerating physical production on established, locked-in programs. Total backlog reached a record $105 billion in mid-2026, anchored heavily by the B-21 Raider and the Sentinel system. A recent book-to-bill ratio of 1.84x demonstrates sustained institutional demand.
To support this expansion, capital expenditures are rising to about $1.85 billion as physical production capacity scales. With specialized engineering talent heavily constrained across the broader aerospace sector, avoiding another early-stage development program could be an operational tailwind. Management can direct all internal resources to execute the active backlog and navigate the short-term margin compression associated with early B-21 production ramps.
Scanning the Horizon: What Investors Should Watch NextThe $20 billion contract strengthens Boeing's market positioning, but immediate financial results depend entirely on execution. Investors monitoring upcoming quarterly earnings calls should focus on specific segment metrics rather than broad top-line revenue beats.
For Boeing, key indicators are operating margins in the defense segment and whether new charges tie to existing platforms. Because the Department of War explicitly defines this phase as procuring test aircraft, reliable production-stage margin realization will not materialize until the next decade. The core investment thesis centers on identifying how efficiently management shields free cash flow while ramping up specialized engineering capacity.
From here, investors evaluating Boeing's stock will be watching execution, focusing on balance sheet health and cash flow consistency as these next-generation programs evolve from classified blueprints to active test flights.
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Northrop Grumman získal kontrakt až na 123,8 mil. USD na podporu výroby 67 radarů APG-85 pro F-35. Zakázka posiluje jeho dlouhodobé tržby z programu F-35.
Key Takeaways Northrop Grumman won a $123.8M award supporting production of 67 APG-85 radars for U.S. military services.NOC's APG-85 radar boosts F-35 threat detection and tracking, supporting demand for advanced sensors.NOC's long-term APG-85 production could support recurring revenues from F-35 output and upgrades. Northrop Grumman (NOC - Free Report) is strengthening its position in the F-35 program through continued demand for its advanced APG-85 radar. The company recently received a not-to-exceed $123.8 million contract from the U.S. Navy for long-lead materials, parts, components and related efforts, supporting the production of 67 APG-85 radars for the Air Force, Marine Corps and Navy.
The work will be performed in Linthicum Heights, MD, and is expected to be completed by February 2031. The award provides Northrop Grumman with long-term production visibility while supporting the delivery schedule of F-35 aircraft across the U.S. military services.
The APG-85 is designed to provide advanced sensing and targeting capabilities for the F-35, supporting the aircraft’s ability to detect and track threats. Continued procurement of the radar highlights the importance of advanced sensor systems as the U.S. military expands and sustains its F-35 fleet.
The contract also reflects Northrop Grumman’s established role in supplying critical mission systems for the F-35. Long-term production programs such as the APG-85 can support recurring revenue opportunities as additional aircraft are produced and existing platforms receive upgrades and sustainment.
With the F-35 remaining an important part of U.S. tactical airpower plans, continued demand for its radar and other mission-critical systems could provide a steady growth opportunity for Northrop Grumman.
Defense Stocks to Keep on the RadarThe continued expansion of advanced fighter aircraft programs could also support companies supplying critical systems and technologies.
Lockheed Martin (LMT - Free Report) : Lockheed Martin is the F-35’s prime contractor and continues to produce the aircraft for the U.S. and international customers, supporting long-term demand across its fighter aircraft business.
RTX Corporation (RTX - Free Report) : RTX supplies the F-35 through its Pratt & Whitney engine business and Collins Aerospace systems. Continued F-35 production and sustainment provide recurring opportunities across propulsion, avionics and other aircraft systems.
The Zacks Rundown for NOCShares of NOC have surged 1.8% in the past three months against the industry’s 10.3% decline.
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The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.57X compared with its industry’s average of 2.24X.
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The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has remained the same 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.
Key Takeaways Northrop Grumman secured an $11.5M Air Force contract modification for APN-241 processor support.The work addresses hard-to-source components and is expected to run through September 2027.Avionics sustainment and lifecycle support could create recurring opportunities across aging aircraft fleet. Northrop Grumman (NOC - Free Report) is strengthening its position in aircraft sustainment through continued engineering support for critical avionics systems. The company recently received an $11.5 million contract modification from the U.S. Air Force to address Diminishing Manufacturing Sources (DMS) for three components of the Receiver-Transmitter Processor supporting the APN-241 program.
The work will be performed in Warner Robins, GA, and is expected to be completed by September 2027. The contract reflects the Air Force’s need to maintain the availability and reliability of existing aircraft systems as certain components become difficult to source. By addressing these supply challenges, Northrop Grumman can help ensure that critical avionics remain available to support ongoing aircraft operations.
Addressing DMS issues is important for extending the service life of legacy defense platforms. NOC’s engineering expertise in avionics and mission systems positions it to help customers manage component obsolescence, supply-chain challenges and manufacturing changes. This is particularly relevant as the Air Force continues to operate and sustain a large fleet of existing aircraft alongside newer platforms.
The award also highlights NOC’s role in providing lifecycle support for defense systems beyond their initial production. Such sustainment and engineering programs can provide recurring opportunities as the U.S. military continues to operate and upgrade its existing aircraft fleet.
With the Air Force focused on maintaining mission readiness while managing aging systems, demand for avionics sustainment, engineering services and component replacement could remain a steady opportunity for Northrop Grumman. This should support the company’s broader defense business by creating opportunities tied to the long-term maintenance of mission-critical systems.
Defense Stocks to Keep on the RadarRising demand for aircraft sustainment, avionics support and lifecycle services could benefit defense contractors with broad aerospace portfolios.
Lockheed Martin (LMT - Free Report) : The company supports the growing F-35 fleet through maintenance, upgrades and lifecycle services, creating recurring sustainment opportunities.
RTX Corporation (RTX - Free Report) : Its Collins Aerospace business provides avionics, engineering and sustainment services for military aircraft. Its broad portfolio of aircraft systems positions it to benefit from demand for avionics upgrades, component replacement and lifecycle support.
The Zacks Rundown for NOCShares of NOC have lost 13% in the past year compared with the industry’s 13.5% decline.
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The company’s shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.57X compared with its industry’s average of 2.27X.
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The Zacks Consensus Estimate for NOC’s 2026 and 2027 earnings has moved north over the past 60 days.
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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.
Northrop Grumman hlásí rekordní backlog a silnou poptávku, kterou táhnou programy B-21, Sentinel a růst vesmírných aktivit. Firma zároveň čeká další růst mezinárodních tržeb a munice.
These 4 Earnings Reports Expose the Market’s Growing Economic DivideNorthrop Grumman NYSE: NOC Chairman and CEO Kathy Warden said the defense contractor is operating in what she described as a robust demand environment, supported by U.S. national-security spending, international demand and growth across its four operating segments.
Speaking at a Morgan Stanley aerospace and defense conference, Warden said the company again has record backlog and is adding to it through major programs including the B-21 bomber and Sentinel nuclear modernization effort. She also cited expanding munitions activity and double-digit growth in national security space.
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Defense Earnings Show Readiness Now and Modernization Ahead“We are as optimistic as ever” about bipartisan U.S. support for national-security spending and demand from allied nations, Warden said.
Budget Support and Continuing Resolution Risk Warden said Northrop’s principal programs are largely supported and fully funded through the base defense budget, rather than relying on reconciliation or supplemental appropriations. She characterized funding tied to reconciliation as potential upside to the company’s existing growth outlook.
AeroVironment’s Stock Is Down, But Drone Demand Is Taking OffWhile she said Congress is likely to extend its continuing resolution beyond early December, Warden said Northrop believes it has sufficient funding to continue work on its programs through early 2027. She added that prolonged continuing resolutions raise government costs and are not beneficial for national security, but said the company’s programs should remain on their current execution profiles.
B-21 and Sentinel Progress Warden said Northrop and the U.S. Air Force agreed earlier in the year to accelerate B-21 production rates, with the company now making facility investments to support that increase. The Air Force is evaluating whether to expand the program beyond its current plan for 100 aircraft, and Warden expects the service to share conclusions with Congress later this year.
Northrop has begun low-rate initial production of the B-21, she said, and the program is progressing through development and testing. Warden said the aircraft’s potential roles extend beyond its original nuclear-triad mission, with the Air Force viewing it as a multifunctional platform.
In Northrop’s Aeronautics Systems segment, Warden said margin improvement has been driven primarily by mature production programs rather than the B-21. She said the company expects those mature programs to remain a margin tailwind during the second half of the year.
On Sentinel, Warden said the company has matured the design and is advancing all three major components: the missile, missile-silo construction and command-and-control systems. Northrop recently integrated all components of the missile for the first time and plans its first test in 2027, earlier than previously anticipated, she said. The company expects Sentinel to complete development and testing before entering production in the 2030s.
Munitions Capacity and Mission Systems Warden said Northrop is pursuing 10 munitions-related agreements spanning about eight weapons systems. The company has qualified as a second source of solid rocket motors for Lockheed Martin’s PAC-3 program and is negotiating contract terms while ramping production.
Northrop began investing in weapons capacity after acquiring Orbital ATK in 2019, Warden said. The company has built two additional solid-rocket-motor plants and has two more facilities nearing completion, positioning it to serve increased demand from prime contractors.
Warden also highlighted Northrop’s Mission Systems segment, which supplies microelectronics, radars, electronic-warfare systems and communications suites for platforms ranging from undersea systems to space assets. She called it the company’s highest-margin and highest-return-on-invested-capital business, although it also receives Northrop’s largest research-and-development investment.
Within marine systems, Northrop’s nuclear-submarine propulsion business generates more than $1 billion in annual revenue, according to Warden. She said it should be a significant growth driver as submarine production rates rise, with volumes potentially doubling.
Space, Golden Dome and International Growth Northrop’s national security space portfolio is expanding as space becomes a more contested military domain, Warden said. She identified space resiliency and space superiority as the fastest-growing areas, though much of that work is classified. The company expects continued strong growth as U.S. space budgets rise.
Warden said Northrop’s role in the Golden Dome missile-defense architecture includes established production programs such as the Integrated Battle Command System and G/ATOR radar, as well as longer-cycle development efforts including the Glide Phase Interceptor and space-based interceptors.
The company continues to target $10 billion in annual international sales by 2031, a goal Warden said could be exceeded. She identified munitions, tactical missiles, ammunition and counter-unmanned-aircraft capabilities as the largest international growth opportunities. Other areas include command-and-control systems and Aeronautics platforms such as the E-2D and Triton.
On capital allocation, Warden said Northrop expects capital expenditures to remain elevated at about 4% to 4.5% of sales over the next several years as it invests in B-21, national security space and munitions capacity. The company intends to maintain a competitive dividend and return remaining capital to shareholders after funding investments with attractive long-term return potential.
About Northrop Grumman (NYSE:NOC)Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.
The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Northrop Grumman rozšiřuje působení ve střední a východní Evropě díky novým dohodám v Polsku a Estonsku pro integraci, výrobu a podporu obranných systémů. V Estonsku jde i o IBCS, v Polsku o Bushmaster Chain Guns a E-2D Hawkeye.
Key Takeaways Northrop Grumman is expanding in Central and Eastern Europe as NATO allies increase defense investments.New Poland and Estonia agreements support defense integration, manufacturing, sustainment and IBCS.Northrop Grumman is deepening Polish ties on Bushmaster Chain Guns and engaging on the E-2D Hawkeye. Northrop Grumman (NOC - Free Report) is expanding its presence in Central and Eastern Europe as NATO allies increase investments in air and missile defense, weapons and surveillance systems. The company’s growing regional engagement should help it benefit from Europe’s focus on strengthening defense capabilities and increasing local industrial capacity.
Northrop Grumman recently announced new industrial agreements in Poland and Estonia to support defense system integration, manufacturing and sustainment. In Estonia, the partnerships will support the Integrated Battle Command System (IBCS), strengthening the company’s role in European command-and-control modernization.
The company is also deepening its partnership with Poland’s Huta Stalowa Wola to support production, technology transfer and sustainment of Bushmaster Chain Guns used on Polish military vehicles. Such collaborations align with European efforts to expand domestic defense manufacturing and strengthen supply-chain resilience.
Northrop Grumman is further engaging with Poland on the E-2D Advanced Hawkeye, while its Raid Hunter system addresses growing threats from drones and cruise missiles. These initiatives expand the company’s exposure to several key areas of European defense modernization.
With NATO allies increasing defense investment and prioritizing interoperability, local production and advanced capabilities, Northrop Grumman is well-positioned to secure additional opportunities across the region. Its expanding partnerships and broad portfolio should support long-term growth in the European defense market.
Defense Stocks to Keep on the RadarOther defense companies expanding their presence in Europe are discussed below:
Lockheed Martin (LMT - Free Report) : Lockheed Martin is expanding F-35 production and sustainment in Europe through industrial partnerships. In 2025, the company and Rheinmetall opened a center in Germany to support F-35 center fuselage production, strengthening its European manufacturing footprint.
RTX Corporation (RTX - Free Report) : RTX is expanding European missile-defense production through partnerships with local defense companies. In 2026, RTX and MBDA expanded cooperation to increase European production of advanced air-defense systems, supporting NATO’s growing demand for interceptors.
The Zacks Rundown for NOCShares of NOC have lost 5.7% in the past three months compared with the industry’s 7.6% decline.
Image Source: Zacks Investment Research
The company's 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 2.29X.
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.
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.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
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.
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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.
