Northrop Grumman Awarded $312.34M Contract Modification
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Northrop Grumman was awarded a $312.34M firm-fixed-price modification to a previously awarded contract to exercise an option for the production of Surface Electronic Warfare Improvement Program Block Three Hemisphere and Quadrant systems. Work is expected to be completed by August 2029. FY26 shipbuilding and construction funds in the amount of $312.34M will be obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.
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Analyst Views on NOC
Wall Street analysts forecast NOC stock price to rise
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Current: 547.750
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684.08
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Current: 547.750
Low
630.00
Averages
684.08
High
770.00
About NOC
Northrop Grumman Corporation is a global aerospace and defense technology company. Its segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems is engaged in the design, development, production, integration, sustainment and modernization of military aircraft systems for the United States Air Force, the United States Navy, other United States government agencies, and international customers. Defense Systems is engaged in the design, engineering, development, integration, and manufacturing of deterrent systems, advanced tactical weapons, and missile defense solutions. Mission Systems is a provider of mission solutions and multifunction systems. Its products and services include command, control, communications and computers, and reconnaissance (C4ISR) systems. Space Systems delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, and launch systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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