Northrop Grumman

NOC

Market cap $79.4B

Northrop Grumman Corporation (NOC) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

BAE Systems and Northrop Grumman ride rising defense budgets, with new milestones, facility upgrades and radar deliveries shaping momentum.

Northrop Grumman, Home Depot, and McCormick & Company offer attractive risk/reward after significant underperformance versus the AI-driven market. NOC benefits from defense spending tailwinds, a robust order book, and a 1.7% yield, trading at 21x earnings with high-single-digit EPS growth expected. HD trades below its historical average P/E, maintains resilient guidance, and offers a 3.1% yield, with upside potential as housing stabilizes.

Northrop Grumman (NOC) reported earnings 30 days ago. What's next for the stock?

FALLS CHURCH, Va., May 21, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Bernstein's 42nd Annual Strategic Decisions Conference on Thursday, May 28. Kathy Warden, chair, chief executive officer and president, will present beginning at 10:00 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

SpaceX's S-1 just handed legacy defense investors a number they cannot ignore.

FALLS CHURCH, Va., May 19, 2026 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $2.47 per share on Northrop Grumman common stock, payable June 17, 2026, to shareholders of record as of the close of business June 1, 2026. Northrop Grumman continues to execute a disciplined capital allocation strategy that prioritizes investments in the manufacturing capabilities and capacity needed to deliver differentiating technologies quickly for our customers.

The Department of Defense is aggressively reallocating capital away from legacy manned platforms in favor of autonomous artificial intelligence-driven tactical networks and high-altitude hypersonic tracking systems. Multi-hundred-million-dollar contract awards for next-generation uncrewed assets, combined with immediate software and hardware integration between legacy defense contractors and disruptive venture-backed defense technology firms, signal the onset of a structural procurement supercycle.

These wide-moat stocks with recent fair value increases look attractive.

Cathie Wood's ARK Invest loads up on defense, air taxi stocks. Navy awards contracts to Lockheed, Northrop.