NOCNYSEindustrials

Northrop Grumman Corporation

$541.82Up+2.19 (+0.41%)

Research reviewed: 2026년 7월 12일 AM 12:00 UTC

Research overview

Northrop Grumman Corporation operates in Aerospace and Defense within the industrials sector. This profile tracks its company-specific earnings drivers, valuation conditions, and primary-source risks.

시가: 540.52
고가: 545.54
저가: 536.85
시가총액: 769.57억
PER: 16.99
52주 최고가: --
배당: 1.740%
분기 배당금: --

3-month price context

최근 3개월 추세를 통해 전체 리서치 워크스페이스로 가기 전 단기 구조를 빠르게 파악할 수 있습니다.

Investment thesis

Base case: Expanded production capacity and program maturity can support multiyear Aeronautics growth. The base case remains conditional on fixed-price contracts staying manageable.
Bull case: Expanded production capacity and program maturity can support multiyear Aeronautics growth. Demand for strategic deterrence, sensors and integrated battle management supports the backlog. Better execution on mature programs can improve delivery cadence and profitability.
Bear case: Cost growth on complex development programs can require adverse contract adjustments. Appropriations delays and shifting defense priorities can defer awards and deliveries. Specialized labor and component shortages can disrupt production schedules.
Thesis invalidation: Reassess the thesis if cost growth on complex development programs can require adverse contract adjustments.

Key catalysts

B-21 production ramp
Expanded production capacity and program maturity can support multiyear Aeronautics growth.
Defense demand
Demand for strategic deterrence, sensors and integrated battle management supports the backlog.
Program execution
Better execution on mature programs can improve delivery cadence and profitability.

Principal risks

Fixed-price contracts
Cost growth on complex development programs can require adverse contract adjustments.
Budget timing
Appropriations delays and shifting defense priorities can defer awards and deliveries.
Supply constraints
Specialized labor and component shortages can disrupt production schedules.

Latest earnings research

Q1 2026

Northrop Grumman reported first-quarter results supported by continued demand, new awards and improved program performance while reaffirming its full-year outlook.

Valuation interpretation

A premium interpretation depends on converting strategic-program backlog into reliable growth without new charges.
Long-duration demand should be balanced against contract, budget and supply-chain execution risk.

Peer research

BA GE RTX

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전체 리서치 시스템 살펴보기

각 단계는 고유한 역할을 수행하고 다음 단계가 확인할 수 있는 결과를 남깁니다.

리서치 방법론 시장 보고서 읽기

Northrop Grumman Corporation

3-month price context

Key catalysts

Principal risks

Latest earnings research

Valuation interpretation

Peer research

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Data and research sources

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