Northrop Grumman gains on $4.8 billion Army deal and Guggenheim buy call
-0.09% to $530.78 from $531.25
What moved NOC
- The U.S. Army awarded Northrop Grumman a $4.8 billion contract for its Common Infrared Countermeasure system, running through September 2035.
- Guggenheim Securities initiated coverage on Northrop Grumman with a Buy rating and $612 price target as part of a broader bullish call on defense contractors.
- Northrop Grumman raised its 2026 sales guidance to a range of $43.8 billion to $44.3 billion, up from a prior $43.5 billion-$44.0 billion range.
Sources: Investing.com · Yahoo Finance