A number of defense companies roll out earnings this week after Lockheed Martin’s strong results last week. Raytheon Technologies (RTX) reported mixed results early Tuesday. With General Dynamics (GD), Northrop Grumman (NOC), Booz Allen Hamilton (BAH) and L3Harris Technologies (LHX) each announcing on subsequent days. RTX stock edged up premarket Tuesday after rising slightly on … Read more
Northrop Grumman shares were declining Friday after an analyst at J.P. Morgan downgraded the stock, citing concerns over valuation and the future of defense shares. J.P. Morgan analyst Seth Seifman downgraded shares of Northrop (ticker: NOC) to Neutral from Overweight and gave the stock a 12-month price target of $490. Seifman said in a research … Read more
BlackJack3D/E+ via Getty Images The U.S. Space Development Agency said Monday it awarded contracts to L3Harris Technologies (NYSE:LHX) and Northrop Grumman (NYSE:NOC) to each build 14 missile tracking satellites for a new low Earth orbit constellation. L3Harris (LHX) won a $700M contract and Northrop Grumman (NOC) was awarded a $617M deal to build the first … Read more