NOC Stock Recent News

FALLS CHURCH, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Bernstein's 40th Annual Strategic Decisions Conference on Thursday, May 30. Kathy Warden, chair, chief executive officer and president, will present beginning at 9:00 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com.

The B-21 Raider continues its flight test campaign at Edwards Air Force Base, California. (Photo Credit: Northrop Grumman)

Northrop Grumman's (NOC) Integrated Air and Missile Defense Battle Command System is the centerpiece of the U.S. Army's modernization strategy for air and missile defense capability.

13 years ago, Northrop Grumman exited the Navy shipbuilding business by spinning off Huntington Ingalls. Now, Northrop is testing naval waters once again, and building a gigantic stealth drone submarine for DARPA.

Northrop Grumman (NOC) continues to generate sales growth and reward its shareholders through dividend payments.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Northrop Grumman Corporation (NYSE: NOC) announced today an agreement for access and use of NVIDIA AI software to accelerate development of some of the most advanced systems. This industry-leading agreement, facilitated by Future Tech Enterprise, gives Northrop Grumman access to NVIDIA's extensive portfolio of AI and generative AI software, its platforms and frameworks, including NVIDIA Omniverse. The agreement also opens research and development pathways.

Northrop Grumman Corporation stock underperformed the S&P 500, returning less than 2% compared to the index's 22% return. The company reported a $1.56 billion charge on the B-21 program last year, leading to a significant decrease in earnings per share. Q1 2024 earnings showed modest margin expansion, with sales growing 9% and operating income increasing 25%. However, Northrop Grumman stock is still rated as a hold with limited upside.

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Northrop Grumman NOC, -2.34% Aerospace Systems received a contract with a ceiling of $7 billion to modernize and sustain U.S. Air Force B-2 aircraft.

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