Northrop Grumman Corp Sees Stock Price Increase
Northrop Grumman Corp, a global security company specializing in aerospace and defense, has experienced a rise in its stock price in recent days. This increase is attributed to several factors, including revised price targets from various analysts.
- Analysts from Bernstein, RBC Capital, and Truist Securities have raised their price targets for the company, citing improved outlook and growth in key programs.
- Key programs mentioned include the B-21 program, which has seen growth.
The company has also secured a significant contract with the US Defense Ministry, valued at $495 million.
Contract Details
- Contract value: $495 million
- Partner: US Defense Ministry
The positive news has contributed to the company’s stock price reaching an all-time high, outperforming its peers in the industry.