Northrop Grumman Corp (NOC) has seen significant positive activity in the recent past. Their second NG-21 Resupply Mission was successfully launched to the International Space Station (ISS). New milestones have been reached with their stock soaring to a new 1-year high of $505.00. Several advancements in their technology product line have also been announced. They completed the Preliminary Design Review for the Next Generation of Space Development Agency’s Proliferated Data Transport Satellites and finalized the assembly of Manta Ray Uncrewed Underwater Vehicle. There have been changes in leadership and the declaration of a 10% increase in the quarterly dividend to $2.06. $2.5 billion of debt was offered while an accelerated share repurchase agreement was announced for $1 Billion. An executive sold stocks worth over $1.3m. NOC has also been very positively viewed by analysts with Deutsche Bank upgrading its status. They have forecasted a positive outlook on the FY 2024 earnings. Additionally, NOC confirmed a long-term supply agreement with Norway’s Chemring Nobel underscoring partnerships in Norway.
Northrop Grumman Corp NOC News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 04 Aug 2024 22:04:32 GMT -
Rating 7
- Innovation 6
- Rumor 5
