Topic: How To Invest

Q: Thanks for all the sound advice for my portfolio! Can I get your recommendation on Northrop Grumman? Thanks again.

Article Excerpt

A: Northrop Grumman Corp., $474.97, symbol NOC on New York (Shares outstanding: 143.9 million; Market cap: $68.6 billion; www.northropgrumman.com), is a leading global aerospace and defence technology company. Jack Northrop founded the business in 1939 in Hawthorne, California, as Northrop Aircraft Inc. In 1994, the company acquired Grumman Corp., a military aircraft systems specialist. The combined firm became Northrop Grumman Corp. Today, Northrop provides space systems, military aircraft, missile defence, advanced weapons and long-range fire capabilities, mission systems, networking and communications, and strategic deterrence systems. The company also provides breakthrough technologies such as advanced computing and microelectronics. Northrop sells globally. But the company’s principal customers are the U.S. Department of Defense and the intelligence community. Sales to the U.S. government accounted for 87% of its sales in 2024. Northrop operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment makes, maintains, and modernizes military aircraft systems. Its customers are the U.S. Air Force, the U.S. Navy, other U.S. government…