Northrop Grumman Corporation (NOC) Builds Momentum With Strategic Contracts and Global Defense Partnerships

1 week ago 5

Neha Gupta

Wed, January 28, 2026 astatine 5:49 AM CST 2 min read

Northrop Grumman Corporation (NYSE:NOC) is one of the defence & aerospace stocks gaining from rising geopolitical spending. On January 12, Northrop Grumman secured a $233 cardinal declaration for the manufacture and transportation of a caller precocious lightweight torpedo. The declaration to the US Navy besides features a custom-designed warhead for accrued lethality.

Northrop Grumman Corporation (NOC) Inks $233M Defense Contract arsenic Wall Street Firms Assert Bullish Stance

Michael Fitzsimmons/Shutterstock.com

The institution is to grip the integration and archetypal impervious of manufacturing astatine the Plymouth, Minnesota, installation and astatine the Allegany Ballistic Laboratory successful West Virginia. The precocious limb was developed arsenic portion of a strategical statement with the Australian Defense Force and the US Navy.

“Northrop Grumman is leveraging implicit 80 years of innovative torpedo technology, combined with our capableness and velocity successful delivery, to accelerate the plan qualification and manufacturing for the precocious lightweight torpedo,” said Dave Fine, vice president of armament systems astatine Northrop Grumman.

The $233 cardinal declaration comes connected the heels of UBS expert Gavin Parsons raising the stock’s terms people to $777 from $770 portion reiterating a Buy rating. Citigroup besides asserted beardown momentum connected the banal and raised the terms people to $715 from $654 portion reiterating a Buy rating.

Northrop Grumman Corporation (NYSE:NOC) is simply a planetary aerospace and defence exertion institution that designs, develops, manufactures, and supports precocious systems and products for space, aeronautics, defense, and cyberspace, focusing connected nationalist information and quality find for the U.S. and its allies.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.