Headquartered in Falls Church, VA Fiscal year ends December NYSE: NOC northropgrumman.com
Northrop Grumman Corporation is a global aerospace and defense technology company that designs, develops, manufactures, and supports a broad portfolio of products and services for the U.S. government, allied nations, and select commercial customers. The company operates through four segments: Aeronautics Systems (manned and autonomous aircraft including B-21 Raider, B-2 Spirit, F-35 components, and E-2 Hawkeye), Defense Systems (missile defense, tactical weapons, ammunition, and the Sentinel ICBM program), Mission Systems (sensors, radars, electronic warfare, marine systems, and advanced microelectronics), and Space Systems (satellites, space-based sensors, launch vehicles, and Commercial Resupply Services for NASA). The company is a prime contractor on numerous critical national security programs and derives the substantial majority of its revenue from the U.S. Department of Defense and intelligence community. As of Q3 2026, the company has a total backlog of approximately $110 billion. Updated
Backlog is contracted revenue waiting to be delivered, so Lockheed's 63% gain is years of visibility already locked in. The question now is whether production capacity can convert it fast enough.
US Defense contractors are reporting record backlog figures this quarter. RTX Corporation +35% Lockheed Martin +63% Northrop Grumman +20% $LMT $NOC $RTX https://t.co/y7QPymi81u
Defense and big pharma own the top of the board at the open, led by Northrop Grumman up 5.36%, with Eli Lilly, Bristol-Myers Squibb and Merck also higher. The pain is concentrated in crypto miners and optics names, where IREN leads the decline.
Backlog hit a record $109.6 billion, and management answered by lifting the 2026 adjusted EPS midpoint to $29.35-$29.75. Revenue landed in line with estimates, but B-21, F-35 and a $2.0 billion Sentinel award booked a 1.5x book-to-bill that funds growth into 2027.
Every one of the five worst names at Friday's close was an AI data center or cloud stock, led by CoreWeave's 12.3% drop. The entire winners' list came from energy and defense.
Northrop Grumman carved out a new 52-week low at $482, 0.31% under yesterday's floor and a second straight day of fresh lows. The defense name peaked above $733 within this same 12-month window.
Lockheed Martin has raised its dividend for 24 straight years, carries a record $292 billion backlog, and returns billions to shareholders annually, but a troubled F-35 contract, a looming billion-dollar pension hit,…
Lockheed Martin (NYSE:LMT | LMT Price Prediction) stock rose 9% to $602.75 on Thursday after the company reported third-quarter results that topped estimates and raised its full-year outlook on the back of…
Pentagon contracts lock in cash flows years before a dividend check ever gets cut, and four defense giants are sitting on backlogs that stretch well into the next decade. The question is…
Pre-Market Stock Futures: Futures are trading higher after a string of solid earnings hit the target on a strong Tuesday across Wall Street, with three major indices closing higher and optimism over…
Wall Street is pricing in a Democratic sweep of Congress, and aerospace and defense stocks are paying the price, but the damage is hitting some contractors far harder than others in ways…
Both L3Harris and Northrop Grumman have cratered nearly 20% this year while raising guidance and growing their backlogs to record levels, which means one of these defense dividends is quietly becoming a…
Pre-Market Stock Futures: Futures are trading higher after we started off the first full trading week of the 4th quarter in solid style, as all major indices finished the day higher despite…
Boeing just landed a Navy fighter contract, a multibillion-dollar missile deal, and an FAA all-clear in a single week, yet analysts still see the stock trading at a 40-plus percent discount to…
Lockheed Martin has raised its dividend for 23 straight years on the strength of a single customer, but two recent quarters exposed just how quickly that cash cushion can vanish when fixed-price…
Pre-Market Stock Futures: Futures are trading higher as we head into the first Friday of the fourth quarter of 2026. Investors rode a stock market rollercoaster Thursday as major indices moved back…
Defense budgets are surging toward record levels, yet three of America's biggest contractors enter October trading nowhere near their peaks. One of them just posted the largest earnings beat of the group,…
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…
The Navy just handed Boeing a landmark fighter contract, but the stock barely moved and a protest from the loser could unwind the whole deal before a single jet gets built.
A defense analyst warned that China may be watching gleefully as the Pentagon scrambles to restock two weapons classes critical to any future great-power fight. Four defense contractors sit at the center…
Defense contractors sell to a customer whose budget is written into law years in advance, and that single fact changes everything about how their dividends behave. Five names are quietly turning trillion-dollar…
Northrop Grumman Corporation is a global aerospace and defense technology company that designs, develops, manufactures, and supports a broad portfolio of products and services for the U.S. government, allied nations, and select commercial customers.
24/7 Wall St.'s 12-month price target for NOC is $646.27, rated Buy. The Wall Street consensus target is $632.08. NOC price prediction →
