Core Insights - Northrop Grumman Corporation is a leading global aerospace and defense technology company, competing with major contractors like Lockheed Martin and Raytheon Technologies [1] - Alembic Global has set a price target of $662 for Northrop Grumman, indicating a potential upside of 16.13% from its current trading price of $570.06 [1][6] Contract Awards - Northrop Grumman has secured a $100 million contract from the Air Force Life Cycle Management Center for the development of the Stand-in Attack Weapon (SiAW) and Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER) programs, expected to continue through December 31, 2034 [2] - The company has also been awarded a contract valued at over $200 million to produce XM1211 High Explosive Proximity-fuzed rounds, enhancing short-range air defense capabilities against small unmanned aerial systems [3] Technological Advancements - Northrop Grumman has unveiled Project Talon, an autonomous combat drone, representing a significant advancement in aerospace and military technology [4][6] Stock Performance - Northrop Grumman's current stock price is $571.24, with a market capitalization of approximately $81.53 billion, reflecting its significant position in the defense industry [5]