Northrop Grumman (NOC) Stock News

Northrop Grumman reaffirmed its fiscal 2026 sales guidance of $43.75B-$44.25B, confirming the range issued with its Q3 earnings release.

Northrop Grumman Q3 sales rose 12% organically to $11.1B, led by Aeronautics Systems up 14%.

Northrop Grumman reported Q3 sales of $11.12B, net income of $1.1B, and net awards of $16.4B.

Northrop Grumman's third-quarter backlog stood at $109.6 billion, according to a company update. The figure reflects the defense contractor's order book for future revenue.

Northrop Grumman issued a fiscal year sales forecast of $43.75 billion to $44.25 billion.

TD Cowen lowered its price target for Northrop Grumman from $590.00 to $540.00.

Barclays issued a new price target for Northrop Grumman.

Barclays initiated coverage on Northrop Grumman.

Rothschild & Co Redburn initiated coverage of Northrop Grumman (NOC) with a Buy rating and a price target of $680 per share.

Rothschild & Co began covering Northrop Grumman with a Buy rating. The firm did not disclose a price target.

Northrop Grumman introduced FORTITUDE, a single gallium nitride chip that processes large portions of the electromagnetic spectrum. It delivers three times more power and 20 times better signal quality while replacing dozens of components to cut weight and power consumption. The chip is built in the U.S. for satellites, radar, GPS, electronic warfare, and future 6G systems.

Northrop Grumman CEO Kathy Warden said the Golden Dome initiative is becoming 'very tangible' for defense firms. The company expects a 'decent share' of the program and remains committed to providing the US more than 100 B-21 bombers.