Northrop Grumman Awarded $475.3M Contract Modification
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy NOC?
Northrop Grumman Systems was awarded a modification to the active prototype project other transaction agreement with a value of $475.3M. This is an increase in dollar value of the current agreement from $832.78M to $1.31B. The agreement was previously awarded through the Missile Defense Agency's authority under 10 U.S. Code 4022. Under this award, the performer will continue to develop and define its Glide Phase Interceptor design concept with an accelerated schedule. The estimated completion date is June 2028. Funds from Section 20003 of Public Law 119-21 in the amount of $174.13M are being obligated at the time of award. Missile Defense Agency is the contracting activity.
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Analyst Views on NOC
Wall Street analysts forecast NOC stock price to rise
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 665.260
Low
630.00
Averages
684.08
High
770.00
Current: 665.260
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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