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Northrop Grumman Corp. - NOC STOCK NEWS

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Northrop Grumman Corporation (NYSE: NOC) is a leading global security company that provides innovative systems, products, and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. The company’s operations span across four main sectors: Aeronautics, Defense, Mission, and Space Systems.

In the aerospace segment, Northrop Grumman develops the fuselage for the F-35 fighter jet and produces both autonomous and piloted aircraft, including the Global Hawk drones and the new B-21 bomber. The company’s defense systems division manufactures artillery and missile ammunition, missile guidance systems, missile defense systems, and maintenance and upgrade services for a wide range of military aircraft.

The mission systems division focuses on creating and integrating radar, navigation, and communication systems for various platforms, from helicopters to naval destroyers. Meanwhile, the space systems segment produces satellites, sensors, space structures, and long-range missiles, as well as rocket motors.

Northrop Grumman is committed to maintaining its leading position through continuous innovation and collaboration. One of its significant achievements is the delivery of the Integrated Battle Command System (IBCS) to the U.S. Army, a modern air and missile defense system that improves situational awareness and decision-making capabilities on the battlefield. IBCS was approved for full-rate production in 2023 and is being fielded in Poland.

Another notable project is the Sentinel program, aimed at modernizing the ground-based leg of the nation’s strategic triad. This program includes rigorous testing and validation processes to ensure the reliability and safety of advanced missile systems.

Northrop Grumman also recently recognized its supplier Bayen Group for its contributions to national security solutions and mission success. The company continues to push the boundaries of human exploration, evident in the ongoing flight test campaign for the B-21 Raider at Edwards Air Force Base, California.

Financially, Northrop Grumman maintains robust performance. The company’s first quarter 2024 financial results were recently released, with detailed earnings information available on their investor relations website. The company’s top executives, including Chair and CEO Kathy Warden and CFO Dave Keffer, frequently review and discuss financial performance in publicly accessible conference calls.

For those interested in joining Northrop Grumman, the company emphasizes its mission-driven culture and its commitment to making a difference. It offers various career opportunities for individuals passionate about advanced technology and its applications in protecting the world.

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Northrop Grumman Corporation (NOC) will participate in the Barclays 41st annual Industrials Select Conference. The presentation by top executives will focus on the company's role as a leading global aerospace and defense technology provider, emphasizing innovation and customer solutions.
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Northrop Grumman Corporation (NOC) declares a quarterly dividend of $1.87 per share on common stock, payable on March 13, 2024, to shareholders of record as of February 26, 2024. Northrop Grumman is a prominent global aerospace and defense technology company, providing innovative solutions for customers worldwide.
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Northrop Grumman delivered the first production Integrated Battle Command System (IBCS) major end item, an Integrated Collaborative Environment (ICE), to the U.S. Army, with additional major end items to be delivered in early 2024. This is part of the Low-Rate Initial Production award, with a focus on modernizing air and missile defense. IBCS is a revolutionary command and control system unifying current and future assets in the battlespace, enabling rapid, informed decisions to optimize shooters and providing a single actionable picture of the full battlespace.
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DEFCON AI announces Brig. Gen. (Retired) Scott Stapp as Chief Technology Officer and Chief Revenue Officer, leading technology, business, and partnership development, and external partnerships. The company aims to address the software and AI deficit within the Department of Defense, starting with logistics, to help the nation's defense sector overcome vulnerabilities in global supply chains. Stapp brings decades of defense department and industry experience, with a focus on driving intelligent military technologies necessary to empower operational planners and leaders to carry out their missions better, faster, and more effectively.
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Northrop Grumman's NGI team completes the All-Up Round Preliminary Design Review (PDR) one year earlier than the original contract date, demonstrating advanced technical capabilities and commitment to accelerating the deployment of a critical homeland defense capability. The NGI solution aims to defend the U.S. homeland from Intercontinental Ballistic Missile (ICBM) threats as part of the Ground-Based Midcourse Defense (GMD) system. The first operational Next Generation Interceptor is forecast to be deployed as early as 2027.
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Northrop Grumman's Cygnus spacecraft successfully launched to the International Space Station, marking its 20th resupply mission. The spacecraft, carrying over 8,200 pounds of supplies, equipment, and science experiments, will remain attached to the station for up to six months. The mission reflects Cygnus's flexibility to launch on various vehicles, demonstrating Northrop Grumman's commitment to support NASA's mission. The spacecraft is named in honor of Dr. Patricia Hilliard Robertson, a NASA astronaut who made significant contributions to human spaceflight.
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Northrop Grumman Corporation (NYSE: NOC) has announced a $2.5 billion underwritten public offering of senior unsecured notes. The offering includes three tranches of senior notes with varying interest rates and maturity dates. The company plans to utilize the net proceeds for general corporate purposes, including debt repayment, share repurchases, and working capital. The offering is expected to close on January 31, 2024. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein.
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Northrop Grumman Corporation (NOC) has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of its common stock. The company aims to return well over 100% of its free cash flow to shareholders through dividends and share repurchases in 2024. Approximately 1.8 million shares are expected to be delivered on Jan. 31, representing about 80% of the expected share repurchases. The final number of shares to be repurchased will be based on the company’s volume-weighted average price during the term of the transaction, with completion expected no later than the second quarter of 2024. The ASR will be completed under the company’s current share repurchase authorization, which has approximately $3.6 billion remaining. Northrop Grumman is a leading global aerospace and defense technology company, providing pioneering solutions to protect and connect the world, and explore the universe.
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Northrop Grumman Corporation (NOC) has released its fourth quarter and full-year 2023 financial results, showcasing its position as a leading global aerospace and defense technology company. The company will webcast its earnings conference call at 9 a.m. Eastern time today, providing investors with valuable insights into its performance and future prospects.
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Northrop Grumman Corporation (NYSE: NOC) will release its fourth quarter and 2023 financial results on Jan. 25, 2024. The company's conference call will be held at 9:00 a.m. Eastern time, where Kathy Warden, CEO, and Dave Keffer, CFO, will review the results. Northrop Grumman is a leading global aerospace and defense technology company, providing innovative solutions for its customers' needs.
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FAQ

What is the current stock price of Northrop Grumman (NOC)?

The current stock price of Northrop Grumman (NOC) is $467.82 as of January 3, 2025.

What is the market cap of Northrop Grumman (NOC)?

The market cap of Northrop Grumman (NOC) is approximately 68.2B.

What does Northrop Grumman Corporation do?

Northrop Grumman Corporation provides innovative systems, products, and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide.

What are the main sectors of Northrop Grumman?

Northrop Grumman operates in four main sectors: Aeronautics, Defense, Mission, and Space Systems.

What significant projects is Northrop Grumman involved in?

Some significant projects include the Integrated Battle Command System (IBCS) for the U.S. Army and the Sentinel program for missile modernization.

How is Northrop Grumman performing financially?

Northrop Grumman recently published its first quarter 2024 financial results, which are available on their investor relations website.

What recent achievements has Northrop Grumman made?

Northrop Grumman recently delivered the IBCS to the U.S. Army and is involved in the Sentinel program and the B-21 Raider flight tests.

Who are the key executives at Northrop Grumman?

Key executives include Kathy Warden, Chair and CEO, and Dave Keffer, CFO.

What career opportunities does Northrop Grumman offer?

Northrop Grumman offers a range of career opportunities for people passionate about advanced technology and its applications in defense and aerospace.

Where can I find Northrop Grumman's financial reports?

Financial reports are available on Northrop Grumman’s investor relations website.

Who can I contact for media inquiries at Northrop Grumman?

For media inquiries, contact Meaghan Cox at meaghan.cox@ngc.com or Christine Denton at christine.denton@ngc.com.

What is the B-21 Raider?

The B-21 Raider is a new long-range bomber aircraft undergoing flight tests at Edwards Air Force Base, California.
Northrop Grumman Corp.

NYSE:NOC

NOC Rankings

NOC Stock Data

68.17B
145.35M
0.26%
82.74%
1.12%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States of America
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