Stock Pulse
Northrop Grumman (NOC) secured a $24.1 million contract modification for E-2C and E-2D Hawkeye aircraft sustainment and support for several countries [10]. The company also won two national security contracts from the US Space Force and is experiencing strong EPS growth and a record backlog, despite potential defense budget cuts [8]. While Lockheed Martin secured several contracts in areas where Northrop Grumman competes [1], [4], [7], the overall market growth in these sectors presents continued opportunities for NOC [1], [2], [3], [4], [7], [9]. A shareholder proposal regarding executive pay clawback policy will be voted on [11], and director Mark Welsh sold some pre-planned shares [12]. While a "hold" rating and unchanging EPS estimate suggest short-term stagnation [6], the company is expected to benefit from increased defense spending [5].