Últimas noticias sobre Northrop Grumman (NYSE:NOC) Bolsa

Northrop Grumman

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and maintains and upgrades numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Northrop Grumman Corporation Common Stock

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Innovator Growth-100 Power Buffer ETF- October

<a href="https://www.wsj.com/business/boeing-hires-northrop-executive-to-revamp-pentagon-projects-d64dab73?mod=latest_headlines">https://www.wsj.com/business/boeing-hires-northrop-executive-to-revamp-pentagon-projects-d64dab73?mod=latest_headlines</a>
<a href="https://www.wsj.com/market-data/quotes/BA">Boeing</a> has poached an executive from defense rival <a href="https://www.wsj.com/market-data/quotes/NOC">Northrop Grumman</a> to run its Phantom Works division, which oversees research efforts for its Pentagon business and is involved in bidding for U.S. government projects.
Colin Miler, a former Air Force commander who oversaw aeronautics engineering at Northrop, will take over the division, the jet maker told employees on Thursday. The Phantom Works division is also being combined into a single business unit. It currently is divided into separate organizations within Boeing's defense business.&nbsp;

News

Management

'Boeing Hires Northrop Executive To Revamp Pentagon Projects; Aerospace Giant Has Been Losing Billions On Military Contracts' - WSJ

Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares nudged up by 1.07% on Monday as reports emerged that Taiwan might be loading up on U.S. defense tech, with Lockheed's Aegis destroyer and F-35 fighter jets at <a href="https://www.benzinga.com/quote/LMT/news">the top of the list</a>. 
This potential <a href="https://www.tipranks.com/news/lockheed-martin-lmt-stock-rises-on-news-of-taiwan-defense-purchase">purchase</a> aligns with Taiwan&#8217;s move to show its defense commitment amid rising tensions with China, a sentiment that resonates with the U.S.'s call for allies to step up their defense investments.
Taiwan is also looking to buy Patriot missiles from RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Northrop Grumman Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) E-2D Advanced Hawkeye radar systems, underscoring its efforts to bolster self-defense.
Read Also: <a href="https://www.benzinga.com/news/24/11/41803738/invesco-launches-new-etfs-targeting-ai-cybersecurity-and-defense-heres-how-some-of-their-peers-have">Invesco Launches New ETFs Targeting AI, Cybersecurity, And Defense. Here&#8217;s How Some Of Their Peers Have Performed In The Past Year</a>
<h2 class="wp-block-heading">Lockheed Expands Horizons With New AI Defense Partnerships</h2>
Beyond traditional defense tech, Lockheed is <a href="https://www.benzinga.com//node/41735903">diving into AI</a> with new partnerships alongside Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). 
Meta recently committed to making its open-source Llama AI models available for defense uses, working with Lockheed and others to integrate AI into national security applications. 
This expansion hints at Lockheed's strategic shift toward high-tech defense solutions, aligning with modern security demands.
<h2 class="wp-block-heading">Eye On Korea: Lockheed's Bid For CH-53K Choppers Deal</h2>
On the global front, Lockheed's Sikorsky unit is in the running for a multibillion-dollar <a href="https://www.koreatimes.co.kr/www/nation/2024/11/113_386184.html">contract </a>to supply heavy-lift CH-53K helicopters to South Korea, <a href="https://www.koreatimes.co.kr/www/nation/2024/11/113_386184.html">reported</a> TheKoreaTimes. 
This special ops chopper could find a new home in South Korea's military by 2031, though it's up against Boeing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) CH-47F in a closely watched competition.
<h2 class="wp-block-heading">LMT Stock Chart Signals For Bulls &amp; Bears</h2>
Despite the bullish news, the charts show a mixed outlook for LMT stock. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM.png" alt="" class="wp-image-642499" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12060829/Screenshot-2024-11-12-at-4.38.18-PM-300x216.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Trading at $570.58, LMT stock is above its eight, 20 and 200-day SMAs (simple moving averages), which signal strong support. 
However, the 50-day SMA, sitting at $578.05, shows slight selling pressure. 
The MACD (moving average convergence/divergence) reading of a negative 8.02 flags a potential downturn, while an RSI (relative strength index) of 51.57 signals a neutral stance, neither overbought nor oversold.
So, while Lockheed Martin has reason to celebrate with defense contracts and high-tech moves, investors might want to watch for potential pullbacks before jumping in.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41891026/palantir-overtakes-lockheed-martin-in-market-cap-how-does-the-messi-of-ai-stack-up-against-the-traditional-defense-player">Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#8216;Messi Of AI&#8217; Stack Up Against The Traditional Defense Player</a></li>
</ul>
Photo: Shutterstock

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Technicals

Global

Trading Ideas

AMZN

MSFT

Lockheed's Global Defense Expansion Drives Gains, While Technicals Hint At Pause

WIIM

Defense contractor companies are trading higher after the Pentagon granted permission to deploy in the Ukraine and repair US-supplied weaponry.

Macro Notification

General

Pentagon Lifts Ban On U.S. Defense Contractors In Ukraine To Repair US-Supplied Weaponry

<a href="https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv">https://www.semafor.com/article/11/07/2024/commercial-space-exploration-may-be-about-to-get-a-serious-boostv</a>
Among the industries set to gain most from the reelection of Donald Trump as US president, commercial space may be on the cusp of a new era of innovation.
In his first term, Trump made "<a href="https://spacepolicyonline.com/news/what-will-a-second-trump-term-mean-for-space-policy/">pretty dramatic</a>" space policy moves: He created the US Armed Forces' Space Force; he reestablished Space Command to take charge of military operations in space; and he helped kickstart NASA's program to return humans to the Moon.
&nbsp;
His second term could go further: One of Trump's biggest donors and supporters this cycle has been Elon Musk —&nbsp;his rocket company SpaceX already has multibillion-dollar contracts with NASA and other federal agencies, and could feasibly win far more over the next four years.
And, if Trump's <a href="https://www.semafor.com/newsletter/11/06/2024/semafor-tech-its-elon-musks-world">pledge to let Musk</a> cut costs out of the government comes to pass, Musk could erode some of the regulatory procedures that he argues are holding up SpaceX's development of a rocket to take humans and cargo to Mars.
Jeff Bezos' Blue Origin, one of SpaceX's top rivals for NASA contracts, could also stand to gain. Company executives reportedly met with Trump just before Bezos' paper The Washington Post <a href="https://www.semafor.com/article/10/27/2024/rivals-scramble-to-react-to-washington-post-endorsement-crisis">canceled a planned endorsement</a> of Kamala Harris. After Trump won, Bezos <a href="https://x.com/JeffBezos/status/1854184441511571765">congratulated</a> the Republican on his victory, while the head of Blue Origin hailed his reelection as "<a href="https://x.com/davill/status/1854187755267555432">exciting times for space exploration</a>."

Macro Economic Events

Economics

BlackSky Technology Inc. Class A Common Stock

BKSY

IRDM

MNTS

RKLB

SPCE

SPIR

'Private Space Exploration May Be About To Get A Serious Boost' - Semafor

Barclays analyst David Strauss maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Equal-Weight and raises the price target from $500 to $550.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Northrop Grumman, Raises Price Target to $550

U.S. Senator Jerry Moran Urges FAA To Speed Up Rocket Launch Licensing Process, 'Troubled' By 'Regulatory Inefficiency,'

UBS analyst Gavin Parsons maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Buy and raises the price target from $614 to $643.

UBS Maintains Buy on Northrop Grumman, Raises Price Target to $643

RBC Capital analyst Ken Herbert maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Sector Perform and raises the price target from $500 to $540.

RBC Capital Maintains Sector Perform on Northrop Grumman, Raises Price Target to $540

Susquehanna analyst Charles Minervino maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Positive and raises the price target from $560 to $625.

Susquehanna Maintains Positive on Northrop Grumman, Raises Price Target to $625

Wells Fargo analyst Matthew Akers maintains Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Equal-Weight and raises the price target from $509 to $565.

Wells Fargo Maintains Equal-Weight on Northrop Grumman, Raises Price Target to $565

Northrop Grumman shares are trading higher after the company reported better-than-expected Q3 EPS results and raised its FY24 adjusted EPS guidance outlook.

Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) reported third-quarter financial results before the open on Thursday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/10/g41512327/northrop-grumman-releases-third-quarter-2024-financial-results">key highlights from the quarter</a>.
What Happened: Northrop Grumman reported third-quarter revenue of $9.996 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $10.181 billion, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported quarterly earnings of $7 per share, beating analyst estimates of $6.08 per share.
Aeronautics Systems sales increased 4% year-over-year primarily due to higher F-35 production. Defense Systems sales increased 2% year-over-year primarily due to higher volume on the Sentinel program, ramp-up on the Stand-in Attack Weapon program and higher volume on certain military ammunition programs. Mission Systems revenue increased 7% year-over-year and Space Systems revenue grew 3%. 
Net awards in the third quarter totaled $11.7 billion. The company said it had a backlog of $84.8 billion at quarter&#8217;s end.
"Based on the strength of our year-to-date results and our positive outlook for the future, we are once again raising our 2024 guidance. Sales remain on target for 5% growth this year and the deliberate actions we are taking to improve margin rates have resulted in further expansion this quarter," said Kathy Warden, chair, president and CEO of Northrop Grumman.
"With our investments to create capacity and focus on performance, we continue to deliver value for our customers and our shareholders. As we look toward 2025, our outlook includes continued top line growth, margin rate expansion and greater than 20% free cash flow growth."
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41507795/boeing-machinists-reject-35-wage-hike-deal-extending-5-week-strike-amid-6b-loss-and-cash-burn-wa">Boeing Machinists Reject 35% Wage Hike Deal, Extending 5-Week Strike Amid $6B Loss And Cash Burn Warnings</a>
Northrop Grumman expects 2024 sales to be in the range of $41 billion to $41.4 billion versus estimates of $41.36 billion. The company raised its full-year earnings outlook from a range of $24.90 to $25.30 to a new range of $25.65 to $26.05, versus estimates of $25.20. Northrop anticipates full-year free cash flow of $2.25 billion to $2.65 billion.
Management will hold a conference call to discuss these results at 9 a.m. ET.
NOC Price Action: Northrop Grumman shares were up 1.19% at $522.55 at the time of publication Thursday morning, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Northrop Grumman.

Earnings

Movers

Northrop Grumman Reports Mixed Q3 Earnings: The Details

Investors could see some respite on Wall Street as the index futures point to a positive start on Thursday after three straight days of losses. EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) blew <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41509528/tesla-bull-gary-black-praises-ev-giants-clean-beat-in-q3-as-auto-margins-blow-past-">past expectations in terms of margins</a> and earnings per share (EPS), although it missed revenue expectations.
Dow Jones experienced its worst session in over a month, while megacap stocks like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) fell by over 2%. Amid this, Nvidia supplier SK Hynix <a href="https://www.benzinga.com/markets/equities/24/10/41509305/nvidia-supplier-sk-hynix-reports-record-breaking-quarterly-profit-as-ai-demand-drives-7-revenue-">reported a record quarterly profit </a>on the back of a boom in artificial intelligence.
Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) reported a loss in its third quarter, while AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) posted better-than-expected earnings.
Tesla will be among the stocks in focus today. Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), United Parcel Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NASDAQ">UPS</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) are scheduled to announce their earnings today.
Investors will also keep a close eye on Boeing <a href="https://www.benzinga.com/markets/equities/24/10/41507795/boeing-machinists-reject-35-wage-hike-deal-extending-5-week-strike-amid-6b-loss-and-cash-burn-wa">after its machinists rejected a 35% wage hike deal</a> and extended their ongoing strike against the company. Workers were dissatisfied with the pension plan and wanted a bigger hike to deal with a rise in the cost of living.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.75%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.11%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.43%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.42% to $580.42 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) surged 0.77% to $492.14, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Cues From Last Session:
Along with the Dow, the Nasdaq Composite recorded its third straight session in the red, dragged down by tech stocks.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and communication services stocks recording the biggest losses on Wednesday. However, real estate and utilities stocks bucked the overall market trend, closing the session higher.
Rising treasury yields and the possible outcome of the Nov. 5 presidential election results played on the minds of investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.60%</td>
<td>18,276.65</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.92%</td>
<td>5,797.42</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.96%</td>
<td>42,514.95</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.79%</td>
<td>2,213.84</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Following six consecutive weeks of gains, the markets have remained gloomy this week, with tech stocks offering some respite amid sideways movements in most other sectors.
Benchmark US 10-year treasury yields remain in focus, which rose to their highest mark since July.
On the economic data front, U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.
The International Monetary Fund, though, <a href="https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024">expects</a> U.S. growth to remain strong. According to its latest World Economic Outlook report, the IMF revised its projected U.S. GDP growth rate to 2.8%, up from its previous projection of 2.6%.
"On the equity front, corporate earnings are strong and with the VIX (the CBOE&#8217;s volatility index) still elevated around 20, this is not the backdrop for the start of a bear market," explained WisdomTree and Wharton School economist Jeremy Siegel.
"The current under-loved bull market could see significant upside. While I&#8217;m not predicting a &#8216;melt-up,&#8217; it is important to acknowledge the market&#8217;s upward momentum could continue as fundamentals remain supportive,&#8221; Siegel added.
See Also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>Data on initial jobless claims is scheduled to be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack&nbsp;is scheduled to speak at 8:45 a.m. ET.</li>
<li>New home sales data is scheduled to be released at 10 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla will<a href="https://www.benzinga.com/markets/equities/24/10/41510859/tesla-soars-in-thursday-pre-market-heres-whats-driving-the-surge"> stay in focus </a>after beating margin and EPS estimates in its third-quarter earnings.</li>
<li>IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) missed third-quarter revenue estimates on account of a drag in consulting revenue.</li>
<li>AT&amp;T added over 403,000 new monthly subscribers in the third quarter, reporting $30.2 billion in revenue.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, surging over 1.5% as data showed a rise in spot demand.
The 10-year Treasury note yield fell marginally to 4.192%.
Asian markets were mixed on Thursday, with Chinese markets edging lower while Japan's Nikkei 225 rose.
European stocks moved past tentativeness in early trading, surging after a gloomy week so far.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41507397/bitcoin-ethereum-dogecoin-sink-amid-stocks-decline-treasury-yields-climb-analyst-sees-prom">Bitcoin, Ethereum, Dogecoin Sink Amid Stocks Decline, Treasury Yields Climb: Analyst Sees &#8216;Promising Signs&#8217;</a></li>
</ul>
Image generated using AI tools

Equities

Futures

Previews

Federal Reserve

Pre-Market Outlook

Markets

AAPL

NVDA

TSLA

US Stocks Set To Open Higher As Tesla's Strong Profit Margins Win Over Wall Street: Wharton Economist Says 'Under-Loved' Bull Market Could See 'Significant Upside'

Northrop Grumman Q3 backlog $85B

Guidance

Northrop Grumman Raises FY24 Adj EPS Outlook To $25.65-$26.05 ($24.90-$25.30  Prior) vs $25.20 Estimate; Affirms Sales Outlook Of $41.00B-$41.40B vs $41.36B Estimate

Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) reported quarterly earnings of $7.00 per share which beat the analyst consensus estimate of $6.08 by 15.13 percent. This is a 13.27 percent increase over earnings of $6.18 per share from the same period last year. The company reported quarterly sales of $9.996 billion which missed the analyst consensus estimate of $10.181 billion by 1.82 percent. This is a 2.26 percent increase over sales of $9.775 billion the same period last year.

Earnings Beats

Earnings Misses

Northrop Grumman Q3 2024 GAAP EPS $7.00 Beats $6.08 Estimate, Sales $9.996B Miss $10.181B Estimate

Northrop Grumman's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) short percent of float has fallen 8.26% since its last report. The company recently reported that it has 1.46 million shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.48 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Northrop Grumman Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729528212_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Northrop Grumman has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Northrop Grumman's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Northrop Grumman's peer group average for short interest as a percentage of float is 3.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Northrop Grumman's Recent Short Interest

Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) has outperformed the market over the past 10 years by 3.33% on an annualized basis producing an average annual return of 14.68%. Currently, Northrop Grumman has a market capitalization of $77.63 billion. 
Buying $1000 In NOC: If an investor had bought $1000 of NOC stock 10 years ago, it would be worth $4,036.78 today based on a price of $530.79 for NOC at the time of writing.
<h3>Northrop Grumman's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729524633_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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As defense spending ramps up, the aerospace and defense industry presents substantial investment potential, fueled by increasing demand for advanced technologies, military modernization, and rising government contracts. With these trends in mind, investors could consider fundamentally strong aerospace stocks Textron (TXT), Lockheed Martin (LMT), and Northrop Grumman (NOC) and as the sector continues to grow. Keep reading... Rising global defense budgets and ongoing geopolitical tensions drive growth in the military aerospace sector as governments focus on bolstering military capabilities and increasing demand for advanced aircraft and defense technologies.
With rising demand for advanced aerospace solutions and defense technologies, top aerospace stocks Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>), Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>), and Northrop Grumman (<a href="https://stocknews.com/stock/NOC/">NOC</a>) are well-positioned to benefit from increased defense contracts and technological advancements. These companies also pay stable dividends.
Driven by rising conflicts and country spending on defense, the aerospace and defense industry is experiencing strong growth, with the market projected to reach <a href="https://www.thebusinessresearchcompany.com/report/defense-global-market-report">$616.32 billion in 2024</a>.
Further, the aerospace market is driven by commercial aviation growth and heightened global defense needs. Meanwhile, increasing defense budgets and complex geopolitical tensions stimulate investment in military aviation and technology, bolstering the aerospace industry's long-term sustainability and economic health.
The global aerospace market is expected to reach $373.61 billion in 2024 and is anticipated to reach around $791.78 billion by 2034, expanding at a <a href="https://www.precedenceresearch.com/aerospace-market">CAGR of 7.8%</a>.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> stocks in detail.
Stock #3: Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>)
Textron Inc. operates globally through its Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance segments. Its end users include military and defense organizations, aviation operators, automobile OEMs, government agencies, municipalities, golf courses, resorts, commercial and industrial users, and consumers.
On October 21, 2024, TXT announced Ryan Samples as the launch customer for its Cessna Citation CJ4 Gen3 business jet. This new model reflects Textron Aviation's commitment to excellence, with Samples expressing excitement about enhancing their travel capabilities with the upgraded aircraft.
It pays an annual dividend of $0.08, which translates to a dividend yield of 0.1% at the prevailing price levels.
TXT's total revenue increased 2.5% year-over-year to $3.43 billion in the fiscal 2024 third quarter that ended on September 28, 2024. Its net income came in at $223 million, while its adjusted income from continuing operations came at $1.40 per share.
Street expects TXT's revenue for the fiscal first quarter (ending March 31, 2024) to rise 6.4% year over year to $3.78 billion. Its EPS for the same quarter is expected to be $1.38, up 15.1% from the previous year quarter.
Shares of TXT have gained 14.1% over the past year and 9.3% year-to-date to close the last trading session at $87.87.
TXT's bright prospects are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has a B grade for Value and Momentum. Within this industry, it is ranked #10 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> industry.
Click <a href="https://stocknews.com/stock/TXT/">here</a> to see TXT's ratings for Growth, Stability, Quality, and Sentiment.
Stock #2: Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>)
LMT operates globally through its Aeronautics, Missiles &amp; Fire Control, Rotary &amp; Mission Systems, and Space segments. Its end users include the U.S. government, international military clients, and intelligence agencies, focusing on defense, aviation, and national security.
On November 7, LMT entered into a collaboration with the U.S. Navy and General Atomics and successfully completed the first live-control flight of an uncrewed system using the Unmanned Carrier Aviation Mission Control Station (UMCS), marking a major advancement in autonomous naval aviation.
On October 30, LMT completed its acquisition of Terran Orbital, a modular spacecraft manufacturer, including subsidiary Tyvak International. This acquisition strengthens Lockheed's capabilities in aerospace and defense, with President Robert Lightfoot highlighting the value of Terran's innovation and shared commitment to mission success.
It pays an annual dividend of $13.20, which translates to a dividend yield of 2.4% at the prevailing price levels.
During the fiscal third quarter that ended September 29, 2024, LMT's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 1.3% year-over-year to $17.10 billion. Its operating income grew 4.8% from the year-ago value to $2.14 billion. In addition, the company's net earnings came in at $1.62 billion, and EPS amounted to $6.80, up 1% over the prior-year quarter.
Analysts expect LMT's EPS and revenue for the fiscal year ending December 2025 to rise 4.4% and 4% year to $27.855 and $74.10 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 22.6% to close the last trading session at $551.84. It soared 21.8% year-to-date.
LMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
LMT has a B grade in Value, Momentum, Stability, and Quality. It is ranked #4 in the same industry
Beyond what we have stated above, we also have given LMT grades for Growth. Get all the LMT's ratings <a href="https://stocknews.com/stock/LMT/">here</a>.
Stock #1: Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>)
NOC operates globally through its Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems segments.  The end users primarily include the U.S. government, particularly the Department of Defense, along with international defense organizations.
On September 18, NOC's B-21 Raider program is advancing with a strong flight test campaign and production scaling, in collaboration with the U.S. Air Force. Through this successful flight testing and validation, NOC's product reliability and cost-efficiency will increase due to reduced development time and expenses.
It pays an annual dividend of $8.24, which translates to a dividend yield of 1.6% at the prevailing price levels.
In the fiscal third quarter ended September 30, 2024, NOC's total sales increased 2.3% year-over-year to $10 billion. Its total operating income was $1.12 billion, up 10.2% from the year-ago value. Moreover, its net earnings and EPS stood at $1.03 billion and $7, respectively, representing increases of 9.5% and 13.3% over the prior-year quarter.
Street expects NOC's revenue and EPS for the quarter ending December 31, 2024, to increase 3.1% and 1.4% year-over-year to $10.96 billion and $6.36, respectively. It surpassed the consensus EPS estimates in all the trailing four quarters.
The stock climbed 11.2% year-to-date and 11.3% over the past year to close the last trading session at $520.58.
NOC's POWR Ratings reflect strong prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B for Momentum, Stability, and Sentiment. It is ranked #3 in the same industry.
To access NOC's Growth, Value, and Quality ratings, click <a href="https://stocknews.com/stock/NOC/">here</a>.
What To Do Next?
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LMT shares were unchanged in premarket trading Friday. Year-to-date, LMT has gained 24.16%, versus a 26.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/lmt-noc-txt-3-aerospace-stocks-set-to-soar-with-defense-spending/>3 Aerospace Stocks Set to Soar with Defense Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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