Northrop Grumman (NOC) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are bette ...

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Northrop Grumman (NOC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing ear ...

PLYMOUTH, Minn., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC), a leading manufacturer of medium-caliber cannons, is introducing its next-generation M230 Link Fed (M230LF) Dual Feed Bushmaster® Chain Gun®, offering two ammunition feed paths for the first time. This new 30x113mm medium caliber chain gun is a proven variant of the M230LF chain gun to counter uncrewed aerial threats (C-UAS) and ground engagements. By offering a dual feed, the need for mixed ammunition belts in a si ...

Northrop Grumman Corporation (NOC) , with its strong backlog, rising earnings and sales estimates, robust ROE and efficient debt management, offers a great investment opportunity in the Zacks Aerospace sector. The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. NOC's Growth Projections & Surprise History The Zacks Consensus Estimate for NOC's 2024 earnings per share (EPS) is pinned at $25.14, which indicates year-over-year growth of 7.9%. The consensus ...

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Core Viewpoint - Northrop Grumman Corporation (NOC) has secured a $387.3 million contract for the research and development of the E-2D Advanced Hawkeye, focusing on cockpit redesign and tactical mission computer upgrades [1][2]. Group 1: Contract Details - The contract is awarded by the Naval Air Systems Command and most work will be conducted in Melbourne, FL, with an expected completion date of September 2028 [2]. - The contract involves significant upgrades to the E-2D Advanced Hawkeye, enhancing navigation, controls, display systems, and tactical mission capabilities [1]. Group 2: Market Context - Global defense spending is increasing, particularly in advanced military systems and C4ISR technologies, benefiting NOC as a leading provider in this sector [3][6]. - The rising focus on national security due to military conflicts and terrorism is driving demand for advanced technologies, including network-based battle control and unmanned vehicles [6]. Group 3: Product Significance - The E-2D Advanced Hawkeye is crucial for the U.S. Navy's airborne battle command and control, enhancing battlefield awareness and decision-making through advanced radar and network capabilities [4][5]. - The C4ISR upgrades from the latest contract will improve the U.S. armed forces' mission readiness and command management [5]. Group 4: Growth Prospects - The global C4ISR market is projected to grow at a compound annual growth rate of 3.2% from 2024 to 2029, indicating a favorable environment for NOC [7]. - NOC has a long history of providing end-to-end communications and advanced networking capabilities for military operations, positioning it well for future growth [8]. Group 5: Peer Comparison - Other defense companies like Lockheed Martin, RTX Corporation, and General Dynamics are also expected to benefit from the expanding C4ISR market, with varying long-term earnings growth rates and sales estimates [9][10][11][12]. Group 6: Stock Performance - NOC's stock has increased by 24.9% over the past three months, outperforming the industry average growth of 13.3% [13].

Investors interested in stocks from the Aerospace - Defense sector have probably already heard of General Dynamics (GD) and Northrop Grumman (NOC) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earni ...

FALLS CHURCH, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its third quarter 2024 financial results will be posted on its investor relations website on Oct. 24, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, 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 a ...

PALMDALE, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman's B-21 Raider program is making great progress as the team executes a robust flight test campaign and scales into production. In collaboration with the U.S. Air Force, Northrop Grumman's program management approach on B-21 centers around producibility and adoption of digital technology to ultimately deliver an effective, affordable system to the warfighter that is adaptable to future threats. As the B-21 Raider flight test program progres ...