UBS Reiterates Bullish View on Grumman Corp. (NOC), Cites Robust Multi-Year Growth Outlook

Core Insights - Northrop Grumman Corporation (NYSE:NOC) is recognized as one of the top 8 defense stocks, with UBS raising its price target to $770 from $769 while maintaining a Buy rating [1] - UBS highlights a robust multi-year growth outlook for Northrop Grumman, citing potential upside from contracts related to the B-21 program, the Golden Dome project, and the F/A-XX program [2] - The company is actively pursuing new U.S. Air Force contracts for the B-21 program, supported by a $4.5 billion budget reconciliation bill passed by Congress [3] - Northrop Grumman is competing with Boeing for the Navy's next stealth fighter, the F/A-XX, with a contract announcement expected soon from the Pentagon [4] - Bernstein has also raised its price target for Northrop Grumman to $696 from $674, following a strong third-quarter earnings report with an EPS of $7.67, exceeding estimates of $6.44 [5] - Northrop Grumman is one of the largest defense contractors globally, involved in advanced systems across aeronautics, space, defense electronics, and mission solutions [6]