Northrop Grumman falls after losing Navy's F/A-XX fighter contract to Boeing
-4.19% to $483.48 from $504.61
What moved NOC
- The Navy selected Boeing over Northrop Grumman for the F/A-XX sixth-generation carrier fighter contract, worth more than $20 billion.
- Northrop had been the last competitor standing after Lockheed Martin was eliminated from the F/A-XX competition in 2025.
- Northrop Grumman shares declined as investors weighed the loss of a multi-decade fighter program.
Sources: Bloomberg · Breaking Defense · Defense Security Monitor