Northrop Grumman (NOC) Wins $48.4 Million Contract Amendment for Defense Systems

Group 1 - Northrop Grumman Corporation (NYSE:NOC) has been awarded a $48.4 million contract amendment for counter-explosive device systems, which includes a portion for Australian military sales [1][2] - The contract funding sources include $25.1 million from Navy procurement funds, $14.4 million from Navy operations and maintenance funds, and $1.9 million from Air Force procurement funds, with approximately $19.9 million set to expire by the end of the fiscal year [2] - The work related to the contract will be conducted in San Diego, California, and is expected to be completed by March 2028 [2] Group 2 - Northrop Grumman is recognized as a leading defense contractor, known for its innovative aircraft systems and significant role in national security [3] - While Northrop Grumman presents investment potential, certain AI stocks are suggested to offer greater upside potential with less downside risk [3]