Monday, January 18, 2021

Northrop Grumman (NOC) Stock Is Not Might Attractive Yet But Still Has Strong Business Base For Stable Growth

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For a decade, the S&P 500 and the defense stock index SPADE have outperformed Northrop Grumman Corporation (NOC) stock. NOC shares hold long-term potential, despite the decline in prices in 2020 due to concerns of a drop in military spending in the United States.

Sentiment on the stock market and political news impacted current prices of security companies but not their long-term prospects. The optimistic assessment has not changed for investors who keep Northrop shares in a long-term portfolio. Northrop also participates in crucial Pentagon activities that cannot be abandoned by the US. In particular, the US plans to spend at least $500 billion on updating its nuclear Arsenal and delivery systems, and Northrop will receive the first part of this money earlier than anticipated.


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Northrop is also the main developer of the new strategic B-21 bomber which including production, will replace the Northrop B-2 bomber at a record price of about $1 billion per unit. The US Congress reported that it will cost $49 billion to build the B-21.

In addition, a new Intercontinental Ballistic Missile (ICBM) is being developed by Northrop and the company received the first $13.3 billion payment for this project in September 2020.

With the company’s entrance into the space market, new opportunities for Northrop emerged. Northrop has a heavy launch vehicle in production and special satellites for its own company construction.

Northrop’s business therefore has a stable growth base and maintains the reputation of a long-term investment destination.

Northrop Grumman Corporation (NOC) stock was down -2.03 percent to end the trading at $301.00 on Monday which resulted in an over the week marginal loss of -0.42 percent. On longer spans, stock’s performance is also not an impressive one as it lost -12.12 percent over the past six months while the loss made by the aerospace and defense company is more than 12 percent since start of the year.

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