Key Takeaways Oceaneering International, Inc. (OII) recently announced a major win for its Aerospace and Defense Technologies (ADTech) segment, a $33 million single-award fixed-price IDIQ contract to deliver critical support equipment for Virginia Class Submarines. Awarded by the Naval Surface Warfare Center Philadelphia Division ("NSWCPD"), this strategic contract sets Oceaneering's continued position as a trusted partner in the defense sector and reflects its advanced engineering capabilities in underwate ...

Northrop Grumman: Great defense contractor, but it's still an expensive stock. Northrop Grumman (NOC 2.20%) stock is in a funk. With the company reporting earnings on Tuesday, the stock promptly tanked 12.6%. Rebounding briefly on Wednesday, Northrop then proceeded to resume sliding a day later before bouncing again on Friday. Northrop Grumman Q1 earnings On the plus side, at least profit margins on the sales Northrop did make in space inched higher, rising 50 basis points to 11%. Also, it's worth pointing ...