11 stories mentioning NOC
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Northrop Grumman (NOC) has an average rating of overweight and mean price target of $728.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $554.51, Change: $-12.50, Percent Change: -2.20%
L3Harris Technologies (LHX) raised its full-year earnings outlook Thursday after reporting stronger-than-expected fiscal first-quarter results amid sales growth across segments.The aerospace and defense technology company now expects 2026 earnings of $11.40 to $11.60 a share, compared with its prior guidance range of $11.30 to $11.50. Analysts in a FactSet poll are looking for $11.59. L3Harris continues to expect full-year revenue between $23 billion and $23.5 billion, while Wall Street is projecting $23.44 billion."We delivered a strong start to the year, with robust orders and revenue growth, coupled with progress across our strategic priorities," Chief Executive Christopher Kubasik said in a statement.For the quarter ended April 3, EPS rose to $2.72 from $2.04 a year earlier, surpassing the consensus of $2.53. Revenue grew 12% to $5.74 billion, also ahead of the Street's $5.42 billion views.Sales in the space and mission systems division jumped 24% to $2.99 billion, while the missile solutions unit saw an 18% increase to $990 million. The communication and spectrum dominance unit's revenue grew 3% to $1.86 billion."The global security environment is evolving rapidly, and the implications for our customers are increasingly clear," Kubasik said on an earnings conference call, according to a FactSet transcript. "Across the Middle East, Europe and the Indo-Pacific, the threat environment is driving greater urgency around readiness, resilience and modernization."Late Wednesday, L3Harris said it confidentially filed a draft registration statement with the US Securities and Exchange Commission for a planned initial public offering of its missile solutions business. The IPO's size and pricing details have yet to be determined. Earlier this year, the company said the US government planned to invest $1 billion in the missile solutions unit."The IPO monetizes the Aerojet acquisition while creating a pure-play missile/propulsion vehicle with an unprecedented (Department of War) anchor investment," Wedbush Securities said in a note to clients Thursday. "We view this as incrementally positive; the stock should benefit as IPO pricing visibility improves and the market assigns sum-of-the-parts value to (missile solutions) separately."On Wednesday, General Dynamics (GD) raised its full-year earnings outlook after reporting fiscal first-quarter results above the Street's estimates. Recently, Lockheed Martin (LMT) logged March-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $320.70, Change: $-0.70, Percent Change: -0.22%
General Dynamics (GD) increased its full-year earnings outlook after reporting fiscal first-quarter results above Wall Street's estimates, sending the company's shares surging Wednesday.The aerospace and defense company now projects earnings at $16.45 to $16.55 a share for fiscal 2026, up from its previous guidance range of $16.10 to $16.20, President Danny Deep said on an earnings conference call, according to a FactSet transcript. The current consensus on FactSet is for $16.30."Given our strong start, we thought it would be prudent to revise our EPS guidance to reflect our performance thus far," Deep told analysts. "Looking at the year from a quarterly perspective, the first and fourth quarters would represent the high points, favoring the fourth quarter."EPS climbed to $4.10 for the quarter through April 5 from $3.66 a year earlier, topping the Street's view for $3.68. Revenue improved 10% to $13.48 billion, exceeding the average analyst estimate on FactSet of $12.70 billion.General Dynamics' shares were up 11% in Wednesday afternoon trade. The stock has increased 2.9% so far this year.Marine systems business revenue jumped 21% year over year to $4.34 billion in the quarter, while the aerospace division saw an 8.4% gain. Sales in the combat systems and technologies units rose more than 4% each.Orders amounted to $26.6 billion in the quarter on a companywide basis, while total estimated contract value -- the sum of all backlog components -- was $188.4 billion at the end of the quarter. The company said this includes backlog of $130.8 billion.However, General Dynamics saw numerous transactions slow down at the end of the quarter as a result of the conflict in the Middle East, Deep told analysts."We were having a spectacular quarter from an order standpoint across the board here in the US, as well as the Middle East," Deep said. "As the conflict started to take form, we saw some slowing in order intake in the Middle East."Last week, Lockheed Martin (LMT) reported first-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $347.32, Change: $+33.64, Percent Change: +10.72%
Northrop Grumman (NOC) has an average rating of overweight and mean price target of $735.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $578.92, Change: $+3.82, Percent Change: +0.66%
Lockheed Martin's (LMT) first-quarter earnings decreased more than expected, while its sales fell short of market estimates, sending the defense contractor's shares lower Thursday.Earnings dropped to $6.44 a share for the March quarter from $7.28 a year earlier, below the FactSet-polled consensus of $6.73. Sales rose to $18.02 billion from $17.96 billion, but missed Wall Street's views for $18.22 billion.The bottom line decline was due to lower profit and marked market losses, while sales were impacted by a shortened fiscal period versus the prior year, Chief Financial Officer Evan Scott said during an earnings call Thursday, according to a FactSet transcript."First-quarter 2026 results also reflect unfavorable performance adjustments at aeronautics associated with F-16 and C-130," Scott said. "Design and development delays temporarily impacted F-16."Lockheed Martin shares were down 5.4% in afternoon trade, bringing its year-to-date to gains to 8.7%.First-quarter revenue in the rotary and mission systems business fell to about $3.99 billion from $4.33 billion sequentially, while the aeronautics division saw a 1% drop. Sales in the missiles and fire control business grew 8%, while the space segment posted a 7% gain.The company continues to expect 2026 EPS between $29.35 and $30.25 and sales to be in a range of $77.50 billion to $80 billion. The Street is looking for EPS of $29.92 and sales of $79.22 billion."We expect sales to grow in the second quarter and throughout the remainder of the year, supporting our full-year growth outlook," Scott told the analysts.Lockheed Martin recently signed a $1.5 billion contract with the Peruvian Air Force for 12 Block 70 F-16 fighter aircraft, with an opportunity for "a second squadron" of 12 additional jets, Chief Executive Jim Taiclet said on the call.Earlier in the week, aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) recorded stronger-than-expected results for the first quarter.Price: $530.17, Change: $-25.27, Percent Change: -4.55%
Northrop Grumman (NOC) has an average rating of overweight and mean price target of $738.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $590.73, Change: $+1.11, Percent Change: +0.19%
Northrop Grumman (NOC) remains well-positioned across strategic programs and its broader weapons and missile defense portfolios, despite the uncertainty over free cash flow in 2027 and 2028 weighing on the stock, RBC Capital Markets said in a note Wednesday.The analysts noted that the commentary on the B-21 and Sentinel programs was positive. The Sentinel program is on track for low-double-digit growth this year as it moves towards first flight in 2027, the brokerage highlighted.RBC added that Northrop has pulled back its earlier 2027-2028 FCF guide, as it sees an incremental $2.5 billion in investments to support the B-21 ramp, which weighed on the stock.Northrop continues to guide to 2026 sales of $43.5 billion to $44 billion and FCF of $3.1 billion to $3.5 billion. RBC revised its revenue estimate slightly to $44.1 billion and maintained its FCF estimate of $3.3 billion.RBC maintained an outperform rating on Northrop Grumman with a price target of $750.Price: $591.55, Change: $-19.58, Percent Change: -3.20%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target price by $17 to $736, as we assume NOC will trade at P/E multiple of 23.0x our 2027 EPS estimate, a premium to NOC's three-year average forward P/E of 19.6x but close to the peers' average forward P/E of 23.8x. We trim our 2026 EPS estimate by $1.04 to $28.61 and also cut our 2027 EPS forecast by $0.76 to $31.99. NOC's fundamentals remain robust, anchored by a record $96 billion backlog providing over two years of revenue visibility. The company reaffirmed 2026 guidance for mid-single-digit organic sales growth and segment operating margins of low- to mid-11%. We see strong multi-year momentum driven by four key growth engines: B-21 (approaching 10% of revenue with production accelerating 25%), Sentinel ICBM (6%-7%, growing toward 10%), missile defense (10%), and weapons/munitions (10%). With capacity investments enabling NOC to scale production and the company achieving improved ROIC on major programs, we remain confident in sustainable growth extending into 2027 and beyond.
RTX (RTX) and Northrop Grumman (NOC) on Tuesday reported stronger-than-expected first-quarter results, driven by revenue gains across different businesses.Aerospace and defense company RTX's adjusted earnings increased to $1.78 per share from $1.47 a year earlier, while beating the FactSet-polled consensus of $1.51. Net sales jumped 9% to $22.08 billion, ahead of Wall Street's view for $21.46 billion."RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments," RTX Chief Executive Chris Calio said in a statement.Sales for the engine segment, Pratt & Whitney, rose 11% to $8.17 billion, while RTX's Raytheon defense solutions division grew 10% to $6.95 billion. Collins Aerospace revenue increased 5% to $7.60 billion.Separately, Northrop Grumman reported first-quarter EPS of $6.14, up from $3.32 a year earlier and higher than the Street's $6.05 view. Sales increased to $9.88 billion from $9.47 billion, above the $9.75 billion projected by analysts. Northrop's aeronautics, defense and mission system businesses all logged revenue gains year-over-year."Northrop Grumman delivered strong first-quarter results, with continued robust bookings, mid-single-digit organic sales growth, and solid operating performance, underscoring our ability to deliver in today's unprecedented global demand environment," CEO Kathy Warden said.RTX lifted its 2026 adjusted sales outlook to between $92.5 billion and $93.5 billion from $92 billion to $93 billion previously expected. Adjusted EPS is pegged at $6.70 to $6.90, up from an earlier guidance of $6.60 to $6.80. Analysts expect $93.58 billion in full-year revenue and $6.85 in adjusted EPS."Given our first-quarter performance and the strength we're seeing in our defense business, we are increasing adjusted sales and EPS in our full-year outlook," Calio said.Northrop maintained its sales and adjusted EPS guidance for the full year. The company expects revenue in the range of $43.5 billion to $44 billion and earnings of $27.40 to $27.90. Wall Street anticipates the company reporting $43.94 billion in revenue this year and $27.97 in adjusted EPS.Shares of RTX declined 4% in Tuesday trading, while those of Northrop were down 5.6%.Price: $188.23, Change: $-7.57, Percent Change: -3.86%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Northrop Grumman Corporation (NOC) posted strong Q1 results with sales up 4.4% Y/Y to $9.9B (beating consensus by $125M) and EPS surging 85% Y/Y to $6.14 ($0.14 above consensus), primarily due to the absence of prior year's $477M B-21 loss provision. Aeronautics Systems swung from a $183M operating loss to $305M profit, reflecting operational recovery and B-21 production agreements. The quarter reinforced our view that NOC's performance is stabilizing following last year's B-21 charge, with underlying growth supported by program ramps across strategic deterrence and munitions. Management emphasized B-21 capacity expansion and reaffirmed 2026 FCF guidance of $3.1B-$3.5B, though it suspended buybacks to fund organic investments. We believe the $95.6B backlog provides multiyear revenue visibility, though execution risks remain on complex development programs. In our view, the company's growth trajectory depends heavily on B-21 production acceleration and Sentinel baseline stability over the next 12-18 months.
US equity futures were pointing higher on Tuesday as traders monitor uncertainty over a potential fresh round of talks between the US and Iran and await the latest batch of corporate earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.2% each in premarket activity, while the Nasdaq added 0.3%. The S&P 500 and the Nasdaq finished the previous trading session lower, with the latter snapping a 13-day winning streak, while the Dow was little changed.President Donald Trump said Vice President JD Vance is ready to leave for Pakistan for a second round of peace talks with Iran, according to a Bloomberg report. Iran, however, hasn't publicly confirmed if any representative from its side will participate in the latest proposed negotiations."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a Monday post on X. Iran's President Masoud Pezeshkian said in a social media post that the country still has "deep historical mistrust" towards the US government's conduct.Trump said Monday that the US is not likely to extend its current ceasefire with Iran if a deal isn't agreed, Bloomberg News reported. The ceasefire is set to expire "Wednesday evening Washington time," Trump reportedly said."I'm not going to be rushed into making a bad deal," Trump said in a phone interview, according to Bloomberg. "We've got all the time in the world."The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $88.55 a barrel before the opening bell, while Brent decreased 0.9% to $86.68."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a Monday report.Treasury yields were moving upwards in premarket action, with the two-year rate gaining 2.1 basis points to 3.74% and the 10-year rate edging 0.6 basis points higher to 4.26%.GE Aerospace (GE), UnitedHealth (UNH), Danaher (DHR), Northrop Grumman (NOC), 3M (MMM), D.R. Horton (DHI), Tractor Supply (TSCO) and Genuine Parts (GPC) are scheduled to report their latest financial results before the bell, among others.Shares of Amazon.com (AMZN) inclined 2.7% pre-bell after the e-commerce giant said it will invest $5 billion in artificial intelligence startup Anthropic and up to another $20 billion in the future if certain commercial milestones are met.Apple (AAPL) nudged 0.3% lower after the iPhone maker announced that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. Alaska Air (ALK) fell 2.9% after reporting its latest quarterly results.Tuesday's economic calendar has the retail sales report for March at 8:30 am ET, followed by the pending home sales index for the same month at 10 am.Federal Reserve Chair nominee Kevin Warsh's hearing before the Senate Banking committee is slated for 10 am. Fed Governor Christopher Waller is expected to speak at 2:30 pm.Gold slipped 0.6% to $4,801 per troy ounce, while bitcoin traded up 0.4% at $76,575.