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RALEIGH, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Driivz, a Vontier (NYSE: VNT) company and part of its EVolve™ e-mobility portfolio and a leading global software supplier to EV charging operators and service providers, today announced a new service offering to provide an end-to-end solution for Level 1 (L1) and Level 2 (L2) support services for EV charge point operators. The solution, which comes as the EV charging industry experiences a clear need for improved performance and customer care globally, is ena ...

Northrop Grumman Corporation (NOC) Contract and Market Position - Northrop Grumman secured a $481 3 million contract for updates and improvements to the Integrated Air and Missile Defense Battle Command System's software, awarded by the Army Contracting Command, Redstone Arsenal, AL [1] - The work will be performed in McLean, VA; Huntsville, AL; Linthicum Heights, MD; and Orlando, FL, and includes foreign military sales to Poland [1] - NOC's IBCS is a key component of the US Army's air and missile defense modernization strategy, indicating strong demand in the missile defense systems market [3] - NOC stock has gained 7 9% in the past six months, outperforming the industry's 2 6% decline [9] Global Missile and Missile Defense Systems Market Growth - Rising military conflicts, terrorism, and border disputes have increased global focus on national security, particularly missile defense systems [2] - Mordor Intelligence forecasts a 5% compound annual growth rate for the global missiles and missile defense systems market from 2024 to 2029 [2] - Northrop Grumman is well-positioned to benefit from this growth due to its advanced missile defense technologies, including command systems, directed energy weapons, and sensors [3] Opportunities for Other Defense Companies - RTX Corporation (RTX) is known for its Patriot and SM-6 missile defense systems, with a long-term earnings growth rate of 10 2% and projected 2024 sales growth of 7 2% [4][5] - The Boeing Company (BA) manufactures missile defense systems like the Ground-based Midcourse Defense and Aegis Ballistic Missile Defense, with a long-term earnings growth rate of 19 3% and projected 2025 sales growth of 22 5% [6] - Lockheed Martin Corporation (LMT) produces missile programs such as the Patriot Advanced Capability-3 and Terminal High-Altitude Area Defense, with a long-term earnings growth rate of 4 5% and projected 2024 sales growth of 5 5% [7][8] NOC Stock and Industry Position - NOC currently holds a Zacks Rank 3 (Hold) [10]

FALLS CHURCH, Va., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announced today that its fourth quarter and full-year 2024 financial results will be posted on its investor relations website on January 30, 2025. Prior to the market opening, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com. The company's fourth quarter and 2024 conferenc ...

Northrop Grumman Corporation (NOC) is set to expand its share repurchase program by $3 billion, following the recent approval from its management. This would bring the company’s total outstanding amount available for repurchase to approximately $4.2 billion. The company will buy back its shares occasionally, based on market conditions and management's decisions, either on the stock market or through private deals.What’s Favoring NOC Stock?For a defense contractor like Northrop Grumman, factors such as stead ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Northrop Grumman (NYSE: NOC ) increased its share repurchase authorization by $3 billion on the 11th of December. This brings the company’s share repurchase authorization to $4.2 billion. In this report, I will be discussing my price target for Nor ...

FALLS CHURCH, Va., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its board of directors has authorized an additional $3 billion for the repurchase of the company's common stock, increasing the outstanding authorized amount to approximately $4.2 billion. Share repurchases will take place from time to time, subject to market conditions and management's discretion, in the open market or in privately negotiated transactions. Northrop Grumman is a leading global ...

Northrop Grumman Corp. (NOC) recently clinched a contract to provide ongoing support for the Trident II (D-5) deployed ballistic missile submarines and the guided missile submarines (SSGN) underwater launcher systems (ULS). The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $42.4 million, the contract is expected to be completed by Sept. 30, 2031. Per the terms of the deal, Northrop will offer technical engineering support, like field services, and int ...

Northrop Grumman Corporation (NYSE:NOC) Baird 2024 Global Industrials Conference November 13, 2024 10:05 AM ET Company Participants Kathy Warden - Chair, Chief Executive Officer & President Conference Call Participants Peter Arment - Baird Peter Arment Good morning, everyone. Thanks for joining this morning. My name is Peter Arment, I’m Senior Aerospace Defense analyst here at Baird. We are delighted to have with us this morning, Northrop Grumman Corporation. And with us from Northrop Grumman, we have Kath ...

Northrop Grumman Corporation (NYSE:NOC) Baird 2024 Global Industrials Conference November 13, 2024 10:05 AM ET Company Participants Kathy Warden - Chair, Chief Executive Officer & President Conference Call Participants Peter Arment - Baird Peter Arment Good morning, everyone. Thanks for joining this morning. My name is Peter Arment, I’m Senior Aerospace Defense analyst here at Baird. We are delighted to have with us this morning, Northrop Grumman Corporation. And with us from Northrop Grumman, we have Kath ...