Northrop Grumman (NOC)
Defense prime for stealth aircraft, strategic missiles, mission electronics, and space systems.
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Builds military aircraft, strategic missiles, sensors, battle-management systems, and space hardware across four operating segments, earning revenue from long-term development, production, and sustainment contracts. Most sales ultimately depend on the U.S. government, while international business is largely defense-focused.
Designs, produces, and sustains military aircraft, missiles, sensors, command systems, and space hardware through Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics includes the B-21 Raider, B-2 sustainment, E-2D Advanced Hawkeye, F-35 fuselages, and uncrewed surveillance aircraft. Defense Systems covers Sentinel strategic deterrence, IBCS battle management, tactical weapons, and solid-rocket propulsion.
Pairs those platforms with Mission Systems radar, electronic warfare, communications, microelectronics, cyber, and maritime systems, while Space Systems supplies satellites, spacecraft, launch propulsion, missile defense, Cygnus cargo vehicles, and civil-space hardware. The portfolio serves U.S. national-security and civil agencies plus international defense customers, with classified work embedded across several segments.
Combines prime-contract integration with component supply and sustainment. Most sales come from the U.S. government, tying demand to federal budgets, program decisions, security and export rules, and appropriations; fixed-price contracts leave the contractor responsible for cost overruns.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Guggenheim | Initiate | Rating: —Target: — | Target: $612 |
| Sep 8, 2026 | UBS | Reiterate | Rating: —Target: $745 | Target: $704 |
| Aug 5, 2026 | Bernstein | Reiterate | Rating: —Target: $727 | Target: $653 |
| Jul 22, 2026 | Deutsche Bank | Target | Target: $765 | Target: $615 |
| Jul 22, 2026 | Susquehanna | Reiterate | Rating: —Target: $752 | Target: $655 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.31B · Total debt $16.29B · Total assets $50.76B · Shareholders' equity $17.88B
- Revenue
- $10.88B
- Operating income
- $1.10B
- Net income
- $1.09B
HistoryDividendAnnual yield
| Institutions | 85.14% | 120.96M shares | |
|---|---|---|---|
| 1,873 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 307.9K shares | |
| 21 holders · as of Aug 4, 2026 | |||
| Other | 14.64% | 20.80M shares | |
| remainder | |||
142.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
State Street CorpInstitution | 9.27% | 13.17M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.29% | 11.78M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.33% | 9.00M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 4.12% | 5.85M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 3.56% | 5.06M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Mark A. Iii Welsh | director | −95 | $547.53 |
| May 4, 2026 | Mark A. Iii Welsh | director | −95 | $571.68 |
| Mar 2, 2026 | Kathryn G. Simpson | officer: Corp VP & General Counsel | −873 | $745.00 |
| Feb 27, 2026 | Roshan S. Roeder | officer: CVP & Pres. Mission Systems | −1,754 | $720.00 |
| Feb 19, 2026 | Michael A. Hardesty | officer: Corp VP, Controller & CAO | −147 | $732.98 |
- Lockheed Martin
Broadest head-to-head peer across strike, missiles, space, and mission systems.
- RTX
Dominant rival in missile defense, airborne radar, EW, and propulsion systems.
- General Dynamics
Primary rival in C4ISR IT, secure comms, and ground/naval combat systems.
- L3Harris Technologies
Direct rival in EW, sensors, space payloads, ISR, and tactical communications.
- Boeing
Rival in 6th-gen strike, naval fighter, and space systems.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Northrop Grumman | $518.83 | −1.49% | $74.82B | 16.7 | 17.7 | 1.7 | +5.1% |
| Lockheed Martin | $528.92 | −1.21% | $123.57B | 19.7 | 16.8 | 1.6 | +10.5% |
| RTX | $192.18 | −1.11% | $261.92B | 34.2 | 26.1 | 2.8 | +14.5% |
| General Dynamics | $350.34 | −1.01% | $95.75B | 21.6 | 20.0 | 1.7 | +8.1% |
| L3Harris Technologies | $244.79 | −0.87% | $45.98B | 24.9 | 19.8 | 2.0 | +8.4% |
| Boeing | $201.33 | +0.09% | $158.98B | 87.1 | 152.5 | 1.7 | +8.0% |
| Median | 24.9 | 20.0 | 1.7 | +8.4% |