에 대한 최신 뉴스 Northrop Grumman (NYSE:NOC) 주식

Northrop Grumman

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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미국이 수요일 오전 B-1B 폭격기를 한반도 상공으로 비행했다. 남북한 지역의 긴장이 더욱 고조되는 가운데 방산업체와 상장지수펀드(ETF)에 어떤 영향을 미칠까요? 사건의 전말 (What Happened): AP통신에 따르면 한국군이 이번 폭격 훈련을 발표했다.

미국, 한반도 상공에서 B-1B 폭격기 비행: 방산업체와 관련 ETF에 미치는 영향은?

Northrop Grumman Corporation Common Stock

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News

US Said To Announce Additional $2.3B In Weapons For Ukraine

<p>BTIG  analyst Andre Madrid   initiates coverage on Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) with a Buy rating and announces Price Target of $565.</p>


Price Target

Initiation

Analyst Ratings

BTIG Initiates Coverage On Northrop Grumman with Buy Rating, Announces Price Target of $565

Air Force Removes Head Of Troubled $131 Billion ICBM Program; Cites Failure To 'Follow Organizational Procedures'; States Removal Is Separate From Inquiry Into Soaring Costs

<p>China has reportedly imposed sanctions on several subsidiaries and senior executives of <strong>Lockheed Martin Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) in response to <a target="_blank" href="https://www.benzinga.com/topic/taiwan" rel="noreferrer noopener">U.S. arms sales to Taiwan</a>.</p>
<p>The sanctions include freezing the assets of Lockheed Martin&#8217;s senior executives, including Chairman James Donald Taiclet, and banning their entry into China, reported Reuters.</p>
<p>China&#8217;s foreign ministry announced that the sanctions target Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories, and Lockheed Martin Ventures, per the report.</p>
<p>Beijing has repeatedly urged the U.S. to cease its arms sales to Taiwan, a self-governed island that China claims as its own.</p>
<p><strong><em>Also Read</em></strong><em>: <a target="_blank" href="https://www.benzinga.com/news/24/06/39429701/us-and-china-confront-taiwan-issue-in-first-informal-nuclear-talks-in-5-years-report" rel="noreferrer noopener">US And China Confront Taiwan Issue In First Informal Nuclear Talks In 5 Years: Report</a></em></p>
<p>This latest round of sanctions is part of a broader effort by China to counter foreign actions against it, especially those related to Taiwan. China&#8217;s sanctions law, enacted in 2021, aims to provide legal grounds for retaliatory measures.</p>
<p>This is not the first time China has sanctioned U.S. defense contractors for their dealings with Taiwan. In <a target="_blank" href="https://www.benzinga.com/markets/equities/23/09/34609264/china-sanctions-lockheed-martin-and-northrop-grumman-concerning-arms-sales-to-taiwan-report" rel="noreferrer noopener">September last year</a>, China sanctioned Lockheed Martin and <strong>Northrop Grumman Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>).</p>
<p>Prior to that, Lockheed Martin and <strong>RTX Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) Raytheon faced sanctions in 2019, 2020, 2022, and 2023, with the 2022 sanctions being the first under China&#8217;s anti-foreign sanctions law.</p>
<p>Earlier in May, the Biden administration imposed new tariffs on Chinese imports, targeting sectors such as <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/05/38813115/biden-targets-chinese-imports-with-huge-tariff-hikes-ahead-of-election" rel="noreferrer noopener">electric vehicles, batteries, and semiconductors</a>.&nbsp;</p>
<p>Investors can gain exposure to the stock via <strong>IShares U.S. Aerospace &amp; Defense ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and <strong>Schwab U.S. Dividend Equity ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>).</p>
<p><strong>Price Action</strong>: LMT shares are trading higher by 0.23% at $467.43 at last check Friday.</p>
<p><strong><em>Disclaimer</em></strong>: <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><strong><em>Read Next</em></strong><em>: <a href="https://www.benzinga.com/markets/equities/24/05/38913623/boeing-trades-nearly-1-lower-as-china-imposes-symbolic-sanctions-on-airplane-maker-and-other-us-" target="_blank" rel="noreferrer noopener">Boeing Trades Nearly 1% Lower as China Imposes Symbolic Sanctions On Airplane Maker And Other US Defense Firms Over Taiwan Arms Sales</a></em></p>
<p><em>Photo Courtesy: AlmostViralDesign On Shutterstock.com</em></p>


Equities

Media

General

SCHD

China Sanctions Lockheed Martin Subsidiaries, Executives Over Taiwan Arms Sales: Report

<p>Bernstein  analyst Douglas Harned   downgrades Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) from Outperform to Market Perform and announces $477 price target.</p>


Downgrades

Bernstein Downgrades Northrop Grumman to Market Perform, Announces $477 Price Target

<p>Benefitting from more than three decades of strike and stealth technology innovation, the B-21 is the next evolution of the U.S. Air Force strategic bomber fleet and the world's first sixth-generation aircraft to reach the skies.<br />&nbsp;</p>
<p>The B-21 Raider continues its flight test campaign at Edwards Air Force Base, California, led by a Combined Test Force (CTF) comprised of Northrop Grumman and Air Force personnel. CTF pilots indicate the jet is performing as expected with the aircraft flying like the simulator, reflecting the precision of the digital environment on B-21.</p>
<p>B-21 remains on track to meet its key performance parameter for Average Procurement Unit Cost (APUC) of $550 million in Base Year 2010 dollars. The government has fixed price production options for the first 21 aircraft. Final terms, quantity, and pricing beyond the first 21 aircraft are subject to negotiation. The government and Northrop Grumman have established not to exceed pricing for an additional 19 aircraft.</p>


Guidance

Northrop Grumman B-21 Remains On Track To Meet Key Performance Parameter For Average Procurement Unit Cost Of $550M In Base Year 2010 Dollars

<p><strong>RTX Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) recently secured a contract involving its Silent Knight radar systems. The award has been provided by the U.S. Special Operations Command, MacDill Air Force, FL.</p>
<h3>Details of the Deal</h3>
<p>Valued at $33.7 million, the contract has a ceiling amount of $293 million and is projected to be completed by Jun 14, 2030. Per the terms of the deal, RTX will provide sustainment, support, research, development and supplemental objectives related to the Silent Knight radar systems.</p>
<p>By offering these aids, RTX will support the U.S. Special Operations Command Program Executive Office-Fixed Wing, Special Operations Forces Acquisition, Technology, and Logistics-KF. Work related to this deal will be carried out in McKinney, TX.</p>
<h3>RTX &amp; Radars</h3>
<p>With the rapid escalation of geopolitical tensions globally in recent times, nations across the globe have been significantly boosting their defense arsenal. Since radars constitute a vital part of this arsenal, escalation in defense spending has been boosting investments in radars as well.</p>
<p>To this end, it is imperative to mention that while radars have been in use since World War II for locating threats and targets, they are being used today for multiple purposes like ground surveillance, missile control, fire control, moving target indication, weapons location and vehicle search.</p>
<p>This must have been ushering in solid order flow for radar manufacturing companies like RTX in the form of contract wins like the latest one. Notably, RTX&#39;s Silent Knight radar serves as a common multi-mode terrain following/terrain avoidance radar for a variety of platforms including the MH-47G helicopter, the lead aircraft for the program. It allows airborne forces safe low-level flight and safe ingress and egress in adverse environments. The system also provides navigation support, ground mapping and weather information to aircrews.</p>
<h3>RTX&#39;s Growth Prospects</h3>
<p>The demand for military radar systems has expanded manifold in recent times, driven by factors like the rise in defense spending of emerging economies, increase in regional tensions and inter-country conflicts that have boosted threats from missiles and aircraft.</p>
<p>This has set the stage for ample growth opportunities for the military radar market and must have prompted the Markets and Markets firm to project a CAGR of 4.7% during 2023-2027 for the global military radar market. Such growth projections bode well for prominent radar manufacturers like RTX.</p>
<p>Impressively, RTX&#39;s product portfolio consists of varied radars like integrated air and missile defense radars, ballistic missile radars, surveillance radars as well as air dominance radars. Radars like AN-TPY-2, APG-79 and APG-82 are some of the company&#39;s combat-proven products that enjoy solid demand in the global military radar market, apart from AN/SPY-6.</p>
<h3>Opportunities for Peers</h3>
<p>RTX apart, other defense contractors that are major radar manufacturers and thus expected to benefit from the growth opportunities offered by the global military radar market are discussed below:<br />
<strong>Lockheed Martin</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>): Its radars are the choice of more than 45 nations on six continents. The company&#39;s product portfolio includes various radar systems like AN/APY-9 radar, airborne ground surveillance radar systems, AN/TPQ-53 radar systems, SPY-7, the long-range discrimination radar, FPS-117 and a few more.</p>
<p>Lockheed boasts a long-term earnings growth rate of 4.10%. The Zacks Consensus Estimate for its 2024 earnings implies an improvement of 3.2% from the 2023 reported figure.</p>
<p><strong>L3Harris Technologies</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lhx#NYSE">LHX</a>): The company manufactures combat-proven radars like SPS-48, land-based surveillance radar, AN/APY-11 Multimode radar, Tactical Air Surveillance radar, AN/SPS-48G Long range 3D surveillance radar and many more.&nbsp; Notably, its Vigilant family of software-defined, radar electronic support measures solutions is essential for survival and dominance in the electromagnetic threat environment of the modern battlefield.</p>
<p>L3Harris boasts a long-term earnings growth rate of 9.2%. The Zacks Consensus Estimate for its 2024 earnings implies an improvement of 9.4% from the 2023 reported figure.<br />
<strong>Northrop Grumman</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): As a pioneer in Active Electronically Scanned Array (AESA) radars, NOC has been at the forefront of AESA innovations for more than 60 years. Its diverse product portfolio includes a handful of other radars like the F-35 fire control radar and the Distributed Aperture System, the LONGBOW Fire Control Radar, the Scalable Agile Beam Radar, the APR-39 DV (2), the EV(2) Radar Warning Receiver programs and a few more.</p>
<p>Northrop boasts a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for its 2024 sales implies an improvement of 4.6% from the 2023 reported figure.</p>
<h3>Price Performance</h3>
<p>The company&#39;s shares have risen 11.4% in the past year against the industry&#39;s decline of 10.1%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cf/68855.jpg?v=100777074" /><br />
Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>RTX currently carries a Zacks Rank #3 (Hold).</p>
<p><a href="https://www.zacks.com/stock/news/2288300/rtx-secures-a-contract-to-aid-silent-knight-radar-systems?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288300">To read this article on Zacks.com click here.</a></p>


Earnings

Markets

Trading Ideas

RTX Secures a Contract to Aid Silent Knight Radar Systems

<p><strong>Adobe </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) is scheduled to report its second-quarter fiscal 2024 results on Jun 13.<br />
For the second quarter of fiscal 2024, Adobe projects total revenues between $5.25 billion and $5.30 billion. The Zacks Consensus Estimate for revenues is pegged at $5.28 billion, suggesting growth of 9.7% from the year-ago quarter&#39;s reported figure.<br />
The company expects non-GAAP earnings between $4.35 and $4.40 per share. The consensus mark for earnings is pegged at $4.39 per share, indicating a 12.3% rise from the year-ago period&#39;s actual. The earnings estimate has been unchanged over the past 30 days.<br />
The upcoming results are expected to reflect the benefits of growing generative AI capabilities on the back of its family of creative generative AI models, Firefly, which has been driving growth within the Digital Media and Digital Experience segments.<br />
The Digital Media segment, comprising Creative Cloud and Document Cloud, is expected to have gained from the strong adoption of Firefly tools in Photoshop, Generative Fill and Generative Expand. The solid adoption of PDFs, coupled with strength in Frame.io, Adobe Stock, Acrobat ecosystem and Adobe Express Web, is anticipated to have been other positives.<br />
Adobe expects Digital Media revenues between $3.87 billion and $3.90 billion. The Zacks Consensus Estimate for the same is pegged at $3.89 billion, indicating year-over-year growth of 10.7%.<br />
The Digital Experience segment, comprising Adobe Experience Cloud, is likely to have benefited from the solid demand for the Adobe Experience Platform.<br />
Adobe projects the Digital Experience segment&#39;s revenues between $1.31 billion and $1.33 billion. The Zacks Consensus Estimate for the same is pegged at $1.32 billion, implying year-over-year growth of 8.1%.</p>
<div class="chart_embed">
<h3>Adobe Inc. Price and EPS Surprise</h3>
<p><img alt="Adobe Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b3/1718119382.png" style="height:299px; width:620px" title="" /></p>
<p>Adobe Inc. price-eps-surprise | Adobe Inc. Quote</p>
</div>
<h3>Strong Generative AI Efforts Aid Prospects</h3>
<p>Adobe&#39;s near and long-term prospects are expected to gain from its strong efforts toward leveraging generative AI to deliver groundbreaking innovation across its portfolio.<br />
The company has been aggressively integrating Firefly into its Creative Cloud flagship applications and Adobe Express to provide enhanced user experience.<br />
ADBE&#39;s effort to integrate the power of Acrobat AI Assistant into PDF is boosting the adoption of the product in the near term.<br />
Adobe&#39;s unveiling of the Firefly Image 2 Model, Firefly Vector Model and Firefly Design Model to mark a significant advancement in its creative generative AI model family is noteworthy.<br />
The company recently launched Generative Remove in Adobe Lightroom, which is a powerful Firefly-backed tool that helps remove unwanted objects from any photo in a single click in a non-destructive manner.<br />
The launch of Adobe Express for Enterprise, which is powered by Firefly Image Model 3, is helping the company gain traction across various enterprises.<br />
The introduction of Photoshop&#39;s web version, which is available via Firefly-powered AI tools, generative expand and generative fill, enables file collaboration through sharing links, even without subscriptions.<br />
The Zacks Rank #3 (Hold) company is also witnessing the strong adoption of Generative Fill in Photoshop, which allows the creation of images in new ways and acceleration of editing workflows.</p>
<h3>Strong Customer &amp; Partner Bases Aid Growth</h3>
<p>A solid portfolio is helping ADBE in expanding its customer base.<br />
<strong>International Business Machines</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) is one of the notable customers leveraging Adobe Firefly. IBM was able to generate 200 campaign assets and more than 1,000 marketing variations in moments rather than months using Firefly models.<br />
Adobe&#39;s other key customer wins include the likes of <strong>AECOM</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>), Capital Group, <strong>Dentsu</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dntuf#OTC">DNTUF</a>), <strong>Nintendo</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ntdof#OTC">NTDOF</a>), Berkshire Hathaway, <strong>Northrop Grumman</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>), <strong>Porsche</strong>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/poahf#OTC">POAHF</a>) and the U.S. Navy.<br />
ADBE&#39;s strategic partnerships with <strong>Microsoft </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) and <strong>Alphabet </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) are also shaping its growth trajectory by driving its customer momentum.<br />
The integration of Acrobat PDF technology into Microsoft Edge and Alphabet&#39;s Google Chrome is a major plus. Adobe is experiencing rising free-to-paid conversions on the back of its Acrobat extensions for Microsoft Edge and Google Chrome.<br />
In addition, Adobe&#39;s recent partnership with Microsoft to provide marketing insights and workflows from Adobe Experience Cloud applications and Microsoft Dynamics 365 to Microsoft Copilot in order to assist marketers in creative briefs development, content creation and content approval management, is noteworthy.</p>
<h3>Conclusion</h3>
<p>Adobe is well-poised to benefit from its strong generative AI-powered product offerings and cloud strategy. A strong market position in the PDF category, compelling product lines, continued innovation and a growing footprint in emerging markets should drive its business growth.<br />
Moreover, ADBE is trading at a significant discount, with a forward 12-month P/E of 24.04X compared with the industry&#39;s 31.85X, making it a good opportunity for investors.<br />
<a href="https://www.zacks.com/stock/news/2286869/how-to-play-adobe-adbe-stock-ahead-of-its-q2-earnings?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2286869">To read this article on Zacks.com click here.</a></p>


Tech

ADBE

DNTUF

GOOGL

MSFT

NTDOF

Porsche Automobil Holding SE Stuttgart Pref No VTG RTS

POAHF

How to Play Adobe Stock Ahead of Its Q2 Earnings?

Contracts

Leonardo DRS Secures Full-Rate Production Contract From Northrop Grumman To Supply Quantum Cascade Laser Technology For Common Infrared Countermeasure Systems, Enhancing Protection For U.S. Military Aircraft

<p><strong>Northrop Grumman Corp</strong>.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>), business unit, Northrop Grumman Systems Corp., recently secured a contract involving its E-2 Hawkeye aircraft. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA.</p>
<h3>Details of the Deal</h3>
<p>Valued at $119.6 million, the contract is estimated to be completed by December 2025. Per terms of the deal, Northrop will provide long-term, requirements contract for the repair of 17 weapon replaceable assemblies and shop replaceable assemblies to support the E-2 Hawkeye jets.</p>
<p>Majority of the work related to this deal will be carried out in Syracuse, NY.</p>
<h3>What&#39;s Favoring Northrop?</h3>
<p>Over the past decade, a rapid rise in global terrorism and adverse geopolitical situations across borders have boosted the demand for defense products. With combat aircraft constituting a major portion of this portfolio, prominent defense aircraft manufacturers like Northrop witness a solid inflow of orders. The latest contract win is a bright example of that.</p>
<p>To this end, it is imperative to mention that Northrop&#39;s all-weather E-2 Hawkeye airborne early warning and battle management (AEW&amp;BM) aircraft has been serving as the &quot;eyes&quot; of the U.S. Navy fleet for more than 30 years. The E-2D Advanced Hawkeye is the next-generation aircraft in this family of jets, which comes with a two-generation leap in radar sensor capability and a robust network-enabled capability.</p>
<p>On the other hand, the E-2C Hawkeye 2000 variant possesses the most advanced AEW&amp;BM capabilities in service today. It is the fifth-generation production E-2C Hawkeye and incorporates significant enhancements in data management, connectivity, and situational awareness to support the Navy&#39;s evolving Theater Air and Missile Defense mission.</p>
<p>Such features of the E-2 Hawkeye family of jets make it an attractive choice for the military, resulting in NOC winning multiple orders for the same, like the latest one. Such orders are likely to boost Northrop&#39;s revenue generation prospects in the military aircraft business arena.</p>
<h3>NOC&#39;s Growth Prospects</h3>
<p>Factors like increasing defense spending by developed nations, rising defense investment from emerging economies, rapidly rising geopolitical tensions worldwide like the ongoing hostility in the Middle East and solid development in technological advancement of lethal aircraft have been bolstering the growth prospects of the combat jet market.</p>
<p>This must have prompted the Mordor Intelligence firm to project a CAGR of 5.2% for the global military aviation market over the 2024-2030 period. Such growth prospects should benefit Northrop as its product portfolio offers a wide range of manned and unmanned aircraft that already enjoys an established position in the military aviation market.</p>
<p>Notably, NOC&#39;s Aeronautics Systems is a leader in the design, development, production, integration, sustainment and modernization of military aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. Its major products include strategic long-range strike aircraft; tactical fighter and air dominance aircraft; airborne battle management and command and control systems; and unmanned autonomous aircraft systems, including high-altitude long-endurance strategic intelligence, surveillance and reconnaissance (AMEX:ISR) systems and vertical take-off and landing tactical ISR systems.</p>
<p>Apart from E-2D, Northrop&#39;s product portfolio includes many other combat-proven aircraft like the RQ-4 Global Hawk unmanned aircraft system (UAS), which provides high-resolution imagery of land masses for theater awareness and strategic ISR to the U.S. Air Force, Japan and the Republic of Korea. On the other hand, its B-2 Spirit stealth bomber aircraft is a key component of the United States&#39; long-range strike arsenal and one of the most survivable aircraft in the world.</p>
<h3>Opportunities for Peers</h3>
<p>The abounding growth prospects of the military aviation market should also benefit other defense majors that manufacture combat jets, such as <strong>Lockheed Martin</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), <strong>Boeing </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) and<strong> Textron </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>).<br />
<strong>Lockheed Martin</strong>&#39;s Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Its major programs are the F-35 Lightning II Joint Strike Fighter jet, the C-130 Hercules airlifter, the F-16 Fighting Falcon jet and the F-22 Raptor jet.</p>
<p>LMT&#39;s long-term earnings growth rate is 4.1%. Shares of LMT have returned 5.1% to its investors in the past year.</p>
<p><strong>Boeing</strong>&#39;s Defense, Space &amp; Security segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft and commercial derivative aircraft, including anti-submarine and tanker aircraft. Its primary products include fixed-wing military aircraft, F/A-18E/F Super Hornet, F-15 programs, P-8 programs, KC-46A Tanker and T-7A Red Hawk.</p>
<p>Boeing&#39;s long-term earnings growth rate is 27.5%. The Zacks Consensus Estimate for its 2024 sales indicates growth of 2.1% from the 2023 reported figure.</p>
<p><strong>Textron</strong>&#39;s business unit, Textron Aviation Defense, designs, builds and supports versatile and globally known military aircraft, preferred for training and attack missions. Some of Textron&#39;s renowned products are the Beechcraft T-6C trainer and the AT-6 Wolverine.</p>
<p>The company boasts a long-term earnings growth rate of 10.1%. The Zacks Consensus Estimate for its 2024 sales indicates growth of 5.6% from the previous year&#39;s reported number.</p>
<h3>Price Movement</h3>
<p>In the past year, shares of Northrop have lost 1.4% compared with the industry&#39;s 9.5% decline.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e3/68456.jpg?v=1808074435" /><br />
Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Northrop currently carries a Zacks Rank #3 (Hold).</p>
<p><a href="https://www.zacks.com/stock/news/2285880/northrop-noc-wins-119m-contract-to-aid-e-2-hawkeye-jet-program?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2285880">To read this article on Zacks.com click here.</a></p>


Northrop Wins $119M Contract to Aid E-2 Hawkeye Jet Program

<p><strong>Northrop Grumman's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) short percent of float has fallen 18.71% since its last report. The company recently reported that it has <strong>1.67 million shares sold short</strong>, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.91 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Northrop Grumman Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1717679716_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Northrop Grumman has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Northrop Grumman's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Northrop Grumman's peer group average for short interest as a percentage of float is 2.46%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

(NOC) - Analyzing Northrop Grumman's Short Interest

<p>The U.S. flew a B-1B bomber over the Korean Peninsula Wednesday morning. Amid greater <a href="https://www.benzinga.com/news/24/05/39107666/after-sending-balloons-filled-with-manure-kim-jong-uns-north-korea-fires-18-missiles-in-warning-to-s">escalation of tension </a>in the region between North Korea and South Korea, how does it affect defense companies and <a href="https://www.benzinga.com/etfs">exchange-traded funds (ETFs)</a>?</p>
<p><strong>What Happened:</strong> The South Korean military announced the bombing drill, <a href="https://apnews.com/article/north-korea-us-bomber-jdam-aa288f398e1387abe3d7eea82e2b2c2d">according</a> to the Associated Press. </p>
<p>During the training drill, the B-1B bomber dropped Joint Direct Attack Munitions (JDAMs) while being escorted by South Korean jets. </p>
<p><strong>Why it Matters:</strong> Both the B-1B bomber and JDAMs are <a href="https://www.boeing.com/defense/b-1b-lancer">manufactured</a> by <strong>Boeing Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>). </p>
<p>Other U.S. weapons manufacturers actively supply the South Korean military. <strong>Rtx Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), formerly Raytheon, supplies aerospace <a href="https://raytheon.mediaroom.com/2024-02-13-RTXs-Pratt-Whitney-receives-a-355-million-F100-engine-sustainment-contract-for-South-Koreas-F-15s,-F-16s">engines</a> and <a href="https://www.rtx.com/news/news-center/2023/05/15/raytheon-technologies-upgrading-korea-aerospace-industries-fa-50-aircraft-with-p">radar</a> technology to South Korea. <strong>Northrop Grumman Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) supplies South Korea with mine detection radar <a href="https://news.northropgrumman.com/news/releases/northrop-grumman-awarded-mine-detection-contract-for-the-republic-of-korea">technology</a>.</p>
<p>The U.S. has <a href="https://www.benzinga.com/markets/equities/24/02/37111669/95b-ukraine-aid-bill-republicans-challenge-historical-views-on-foreign-policy-us-role-as-worlds-">recently spent billions</a> on military operations in Ukraine, Israel and Taiwan. Escalation in the Korean Peninsula could also draw the attention of U.S. legislators.</p>
<p>There are many defense-themed ETFs that are heavily weighted towards the defense contractors mentioned above, including the <strong>iShares US Aerospace &amp; Defense ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>), the <strong>iShares U.S. Aerospace &amp; Defense Index ETF</strong> (TSE: XAD) and the <strong>Invesco Aerospace &amp; Defense ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).</p>
<p><strong>Price Action:</strong></p>
<ul>
<li>Boeing traded at $189.65, up 0.55%.</li>
<li>RTX traded at $108.42, up 0.48%.</li>
<li>Northrop Grumman traded at $442.74, down 1.26%.</li>
</ul>
<p><em>Also Read: <a href="https://www.benzinga.com/news/24/06/39138174/kim-jong-uns-minister-says-north-korea-wont-be-sending-manure-filled-balloons-anymore-but-warns-resu">Kim Jong Un&#8217;s Minister Says North Korea Won&#8217;t Be Sending Manure-Filled Balloons Anymore But Warns Resumption If South Korea Allows Anti-Pyongyang Leaflets</a></em></p>
<p><em>Image: B-1B Lancers from Military_Material (Pixabay)</em></p>


US Flies B-1B Bomber Over Korean Peninsula: What It Means For Defense Companies, ETFs

<p><strong>RTX Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) recently clinched a contract involving its AIM-9X and AIM-9X Block II missiles. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.</p>
<h3>Details of the Deal</h3>
<p>Valued at $227.4 million, the contract is expected to be completed by May 2029. Per the terms of the deal, RTX will provide depot-level repairs and other related services to support AIM-9X and AIM-9X Block II missile sustainment efforts.</p>
<p>These services include logistics support, sustainment engineering, software support, integration support, failure analysis, configuration management, technical data, diminishing manufacturing sources, material shortages management, training, field support, spare predictions, ordnance assessment, reliability, and management of government property.</p>
<p>Majority of the work related to this deal will be executed in Tucson, AZ.</p>
<h3>What&#39;s Favoring RTX?</h3>
<p>Nations are reinforcing their military capabilities to strengthen their defense structure in the growing threat environment. In this context, increased spending has been witnessed on missile capabilities, resulting in a significant order inflow for companies like RTX, which is a prominent missile maker in the United States with a strong international presence.<br />
Notably, RTX&#39;s AIM-9X Sidewinder is the most advanced infrared-tracking, short-range, air-to-air and surface-to-air missile in the world. It is configured for easy installation in a range of modern aircraft, including Boeing&#39;s F-15, F/A-18 and E/A-18G and Lockheed&#39;s F-22 and F-35 fighters.</p>
<p>The latest variant of AIM-9X Sidewinder, the AIM-9X Block II missile features a redesigned fuse and a digital ignition safety device that enhances ground handling and in-flight safety. Backed by such advanced technology, the company witnesses significant orders for the same, like the latest one. The demand for this product line of RTX can be further gauged from the fact that the AIM-9X SIDEWINDER missile has 31 foreign military sales partners.</p>
<h3>Growth Prospects</h3>
<p>The global peace index reflects an unstable environment worldwide, with the Russia-Ukraine war continuing for more than two years now, in addition to the ongoing hostility in different parts of the Middle East. This has set the stage for the defense sector to witness rising demand for military products, particularly missiles, as nations worldwide strive to protect their borders from unprecedented attacks.</p>
<p>Therefore, the growth prospect for the missile and missile defense systems market remains solid. To this end, the Mordor Intelligence firm projects the market to witness a CAGR of 5% over the 2024-2029 period.</p>
<p>Such a solid market growth projection stands to benefit RTX, which enjoys an extensive missile portfolio, including SM-6, SM-3 interceptor, TOW missiles and many more such weapons, apart from the AIM-9X missile.</p>
<h3>Peer Opportunities</h3>
<p>Other defense contractors that are likely to benefit from the growth opportunities offered by the missile and missile defense market are as follows:</p>
<p><strong>Northrop Grumman</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): Northrop is a prominent developer of missile systems and counter systems, including strategic deterrents, as well as subsystems and components. Its product portfolio includes the Integrated Air and Missile Defense Battle Command System, the Guided Multiple Launch Rocket System propulsion and warhead subsystems, the Hypersonic Attack Cruise Missile, the Advanced Anti-Radiation Guided Missile and a few other combat-proven products that support missile defense systems.</p>
<p>NOC boasts a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for Northrop&#39;s 2024 sales indicates an improvement of 4.6% from the 2023 reported figure.</p>
<p><strong>Lockheed Martin </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>): Lockheed&#39;s Missiles and Fire Control business unit develops, manufactures and supports advanced combat missiles and rockets for military customers, including the U.S. Army, Navy, Air Force, Marine Corps, NASA and dozens of foreign allies. Some of its prominent products are the PAC-3 missile and the Terminal High Altitude Area Defense missile.</p>
<p>LMT boasts a long-term earnings growth rate of 4.1%. The Zacks Consensus Estimate for Lockheed&#39;s 2024 sales indicates an improvement of 3.2% from the 2023 reported figure.</p>
<p><strong>General Dynamics </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gd#NYSE">GD</a>): General Dynamics&#39; Ordnance and Tactical Systems unit is the system integrator of the 2.75-inch Hydra-70 family of rockets. It also produces composite rocket motor cases and launch tubes for tactical and strategic missiles.<br />
GD boasts a long-term earnings growth rate of 12%. The Zacks Consensus Estimate for General Dynamics&#39; 2024 sales indicates growth of 10.5% from the 2023 reported figure.</p>
<h3>Price Movement</h3>
<p>In the past year, shares of RTX have risen 13.2% against the industry&#39;s decline of 6.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cf/67433.jpg?v=1822351073" /><br />
Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>RTX currently carries a Zacks Rank #3 (Hold).</p>
<p><a href="https://www.zacks.com/stock/news/2278661/rtx-secures-a-227m-contract-to-support-aim-9x-missile-program?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2278661">To read this article on Zacks.com click here.</a></p>


RTX Secures a $227M Contract to Support AIM-9X Missile Program

<p><strong>Northrop Grumman's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) short percent of float has risen 10.32% since its last report. The company recently reported that it has <strong>2.05 million shares sold short</strong>, which is 1.39% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.92 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Northrop Grumman Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716322521_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Northrop Grumman has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Northrop Grumman's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Northrop Grumman's peer group average for short interest as a percentage of float is 2.42%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Looking Into Northrop Grumman's Recent Short Interest

<p><strong>Curtiss-Wright Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) announced that its board of directors approved a hike in its quarterly dividend to 21 cents per share, reflecting an increase of 5% from the prior payout. With the current hike, Curtiss-Wright will now pay out an annual dividend of 84 cents per share.<br />
This signifies Curtiss-Wright&#39;s strength in the business to generate enough cash flow to reward shareholders with improved dividend payouts.</p>
<h3>Curtiss-Wright Enhances Shareholders Value</h3>
<p>Curtiss-Wright&#39;s emphasis on returning cash to shareholders is backed by a disciplined and balanced capital allocation strategy and is buoyed by its ability to deploy capital effectively. Curtiss-Wright has been returning cash to shareholders through share repurchases and dividend hikes, thus highlighting consistency in sharing profits with its shareholders.<br />
Along with dividend payments, Curtiss-Wright&#39;s management continues to increase shareholders&#39; value by repurchasing shares. In the first three months of 2024, the company repurchased shares worth $12.2 million. The board of directors authorized an additional $300 million for share repurchases, increasing the total available authorization to $400 million under the repurchase program.<br />
Such a stable return strategy is backed by its ability to generate strong revenues and free cash flows. Curtiss-Wright expects a surge of 5-7% in total sales and projects 8% to 11% growth in earnings in 2024. The company anticipates the free cash flow to increase in the range of 0-5% in 2024.<br />
All three business segments of Curtiss-Wright are showing strong growth, which is boosting its earnings. Apart from organic growth, the acquisition of WSC Inc will further expand Curtiss-Wright&#39;s commercial nuclear business. It will create more opportunities for Curtiss-Wright to support its long-term financial goal and generate more revenues.<br />
The company is committed to expanding its business through organic methods and strategic acquisitions. The improving end market conditions and rising demand for the high-quality products offered by Curtiss-Wright will continue to generate profits, which can be utilized to increase shareholders&#39; value in future periods.</p>
<h3>Peer Moves</h3>
<p>Other defense companies are also rewarding their investors through dividend payments and hikes at regular intervals. These defense majors are benefiting from a strong U.S. defense budget and a stable flow of contracts from the Pentagon.<br />
In October 2023, <strong>Lockheed Martin</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) approved a hike in its quarterly dividend of 15 cents per share from the prior payout.<br />
LMT boasts a long-term earnings growth rate of 4.2%. Lockheed&#39;s shares have inched up 1.6% in the past year.<br />
On May 10, 2024, <strong>Northrop Grumman Corp.&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>) announced that the board of directors declared a 10% increase in the quarterly dividend to $2.06 per share.<br />
NOC has a long-term earnings growth rate of 9.9%. NOC&#39;s shares have risen 4.9% in the past year.<br />
On May 2, 2024, <strong>RTX Technologies</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) announced an increase of 6.8% over the prior quarter&#39;s dividend amount.<br />
RTX has a long-term earnings growth rate of 10.3%. Raytheon&#39;s shares have increased 8.9% in the past year.</p>
<h3>Price Movement</h3>
<p>In the past three months, shares of Curtiss-Wright have risen 18.3% compared with its industry&lsquo;s average decline of 0.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/22/66927.jpg?v=1988305747" /><br />
Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Curtiss-Wright currently carries a Zacks Rank #2 (Buy).</p>
<p><a href="https://www.zacks.com/stock/news/2275515/curtiss-wright-cw-rewards-investors-with-buyback-ups-dividend?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2275515">To read this article on Zacks.com click here.</a></p>


Curtiss-Wright Rewards Investors With Buyback, Ups Dividend

<p>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) announced today an agreement for access and use of NVIDIA AI software to accelerate development of some of the most advanced systems.</p>
<p>This industry-leading agreement, facilitated by Future Tech Enterprise, gives Northrop Grumman access to NVIDIA's extensive portfolio of AI and generative AI software, its platforms and frameworks, including NVIDIA Omniverse.</p>


NVDA

Northrop Grumman To Accelerate Development In Advanced Systems With AI Innovation On NVIDIA Software

<p>It is payable June 12, 2024, to shareholders of record as of the close of business May 28, 2024.</p>


Dividends

Northrop Grumman Boosts Quarterly Dividend By 10% From $1.87 To $2.06 Per Share

<p>The board of directors has elected Kenneth B. Crews, vice president of business management and chief financial officer for the Space Systems sector, to succeed Keffer, effective October 1, 2024. Crews will become vice president, Corporate Finance on July 1, and work directly with Keffer to ensure a smooth transition.</p>


Management

Northrop Grumman's CP Of Business Management And CFO For Space Systems Sector To Succeed Dave Keffer, Effective October 1, 2024

Northrop Grumman Announces Executive Changes Effective July 1; Roshan Roeder To Succeed Mark Caylor As President Of Mission Systems, Ben Davies Named President Of Defense Systems; Strategic Deterrent Systems Division To Be Realigned Into Defense Systems

Northrop Grumman Announces CFO Dave Keffer To Retire On February 21, 2025; Mission Systems President Mark Caylor To Retire On July 26, 2024; Reaffirms FY 24 Guidance

Northrop Grumman cut at Bernstein as key catalysts delayed

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>On Wall Street, many space exploration stocks have transcended the boundaries of science fiction, becoming part of a potentially lucrative investment area.&nbsp;In recent years, a new breed of companies has been emerging, dedicated to pushing the final frontier. These <a href="https://investorplace.com/industries/industrial/space/">space stocks</a> are not only capturing the imagination of innovators but also attracting the attention of savvy investors.</p>



<p>Research suggests that <a href="https://www.verdict.co.uk/space-economy-growing/#:~:text=GlobalData's%20Thematic%20Intelligence%3A%20The%20Space,in%202022%20at%20%24450bn.&amp;text=The%20space%20economy%20will%20see,according%20to%20a%20new%20report.">the value of the space industry</a> in 2022 was around $450 billion. In addition, it is likely to achieve a compound annual growth rate (CAGR) of between 6% to 10% until 2030. Thus, the space industry is growing, thanks to advancements in technology, increased private sector involvement and ambitious governmental initiatives. From launching satellites that enhance global communication to developing spacecraft capable of interplanetary travel, the potential applications of space technology are vast. With that information, here are three space exploration stocks to buy.</p>



<h2><strong>Northrop Grumman (NOC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/noc-stock-1-300x169.jpg" alt="Northrop Grumman (NOC) logo on a corporate building"><div>Source: Kristi Blokhin / Shutterstock.com</div></div><p>We start our discussion of space exploration stocks with the global aerospace and defense (A&amp;D) giant <strong>Northrop Grumman</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a></span>). With a rich history of innovation and a robust portfolio of cutting-edge technologies, Northrop Grumman plays a pivotal role in national security, civil government and commercial markets.&nbsp;It manufactures satellites, provides space technology and services and has contributed to multiple space missions, including <strong>NASA&rsquo;s </strong>Artemis program.</p>



<p>According to metrics released in late April, Northrop Grumman <a href="https://investor.northropgrumman.com/static-files/9be084e2-5e58-4b17-b7c2-b349bd85caf4">had a strong first quarter</a> in 2024, showcasing impressive growth across its various sectors.&nbsp;Sales increased by 9% year-over-year (YoY), reaching $10.1 billion. Operating income grew 13%, while diluted EPS grew 15% to $6.32. In addition, management reaffirmed its 2024 company-level guidance.</p>



<p>Over the past several months, Northrop Grumman has been actively securing new deals and partnerships, further strengthening its market position. For instance, Poland signed a letter of acceptance with the U.S. government for the implementation of Northrop&rsquo;s Integrated Battle Command System (IBCS) product line, also known as Narav.&nbsp;In addition, the first of four Triton aircraft will likely be delivered to Australia in the second half of 2024. Meanwhile, NATO is looking to expand its maritime surveillance capabilities, with the possibility of up to five Triton aircraft.</p>



<p>Despite these positive developments, year-to-date (<span>YTD</span>), NOC stock has declined close to 8%. Northrop <a href="https://finance.yahoo.com/quote/NOC/key-statistics/">shares are currently changing</a> hands at 17.6 times forward earnings and 1.6 times sales. Wall Street <a href="https://edition.cnn.com/markets/stocks/NOC">maintains a favorable outlook</a> on NOC stock with a 12-month median price that suggests a potential 14% advance. As governments worldwide continue to prioritize defense spending, the aerospace industry is poised for further growth, and Northrop Grumman stands at the forefront of this sector.</p>



<h2><strong><strong>Spire Global</strong> (SIPR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/spir1600-300x169.png" alt="Person holding smartphone with logo of US data analytics company Spire Global Inc. (SPIR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>Our next space exploration stock is <strong><strong>Spire Global</strong> </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/spir-stock-quote/"><strong>SPIR</strong></a></span>), which is widely watched in the satellite data industry. The company is leveraging its network of nanosatellites to provide valuable insights and analytics.</p>



<p>In its most recent earnings call, Spire Global reported a revenue of $25.7 million, which <a href="https://investorplace.com/2024/05/why-is-spire-global-spir-stock-down-22-today/">fell short of expectations</a> due to several factors. The company faced reduced data production from its Lemur satellite constellation, attributed to increased solar cycle activity. Additionally, delays in orders from U.S. government agencies, caused by the underperformance of a third-party propulsion unit, led to delays in revenue generation.</p>



<p>Despite the revenue shortfall, Spire has maintained tight cost controls and thus met its guidance for non-GAAP operating loss and adjusted EBITDA in the first quarter. The company expects a strong rebound in the second-quarter revenue, projecting it to be between $29 million and $33 million. Spire remains focused on achieving profitability, with plans to generate <a href="https://ir.spire.com/news-events/press-releases/detail/223/spire-global-announces-first-quarter-2024-results">positive free cash flow</a> by the summer of 2024.</p>



<p>Spire Global has been proactive in securing deals to bolster its growth. It has recently announced a multimillion-dollar deal with a financial firm for its high-resolution weather forecast and to develop an artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>)-powered model for long-range forecasting.</p>



<p>Additionally, Spire <a href="https://spire.com/blog/weather-climate/ai-weather-modeling-spire-and-nvidia-partnership/">has a partnership</a> with <strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>), through which it provides data to Nvidia for training its models. In return, Spire gains access to Nvidia&rsquo;s GPU infrastructure to train its own models, allowing the company to build higher cost-efficiency models that can then be sold to customers.</p>



<p>So far in 2024, SPIR stock has advanced close to 30%. Despite the recent short-term challenges, we remain optimistic about Spire Global&rsquo;s long-term growth prospects. Therefore, potential long-term investors can consider buying the dips in SPIR stock.</p>



<h2><strong>Virgin Galactic </strong>(SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div><p>We conclude our article on space exploration stocks with <strong>Virgin Galactic </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a></span>), a leader in commercial space tourism. Founded by Sir Richard Branson, the company aims to make space travel accessible to private individuals.</p>



<p>The commercial spaceflight industry is characterized by high barriers to entry, significant capital requirements and advanced technological developments. Key players in the industry include the privately held <strong>SpaceX</strong> and <strong>Blue Origin</strong> as well as <strong>Boeing</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a></span>), each with its unique approach to space travel. According to industry analysts, <a href="https://www.businessresearchinsights.com/market-reports/space-tourism-market-100254">the global space tourism market</a> is projected to exceed $3.7 billion by 2032, with a compound annual growth rate (CAGR) of 19% from 2023 to 2032.</p>



<p>For the <a href="https://investors.virgingalactic.com/news/news-details/2024/Virgin-Galactic-Announces-First-Quarter-2024-Financial-Results-and-Provides-Business-Update/default.aspx">first quarter of 2024,</a> Virgin Galactic reported revenues of $2 million, primarily driven by commercial spaceflight and future astronaut membership fees. A year ago, revenues stood at $0.4 million. This growth marks a significant milestone as the company transitions from development to revenue-generating operations. Looking ahead, Virgin Galactic expects revenue of approximately $3.5 million in the second quarter.</p>



<p>Recently, Virgin Galactic has entered into several Space Act agreements with NASA. These agreements aim to advance HiMock Technologies and facilitate private orbital human spaceflight. Management is also focusing on developing future business opportunities, including point-to-point hypersonic travel and orbital space travel.</p>



<p>Since January, SPCE stock has lost over 80% of its value. This volatility and decline underscore the challenges and uncertainties associated with pioneering companies in a new industry-like space. Nonetheless, <a href="https://edition.cnn.com/markets/stocks/SPCE">analysts have a favorable view</a> of Virgin Galactic stock, giving it a 280% appreciation potential.</p>



<p><em>On the date of publication, Tezcan Gecgil did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div><p>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-space-exploration-stocks-pushing-the-final-frontier/">3 Space Exploration Stocks Pushing the Final Frontier</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Space Exploration Stocks Pushing the Final Frontier

<strong><i>The defense industry is set to grow with increased defense budgets globally, driven by geopolitical tensions and technological advancements like AI in warfare. Investors could consider top defense stocks like Northrop Grumman (NOC), TransDigm Group (TDG), and Lockheed Martin (LMT) to take advantage of this trend. Keep reading...</i></strong><br><br><p>The defense sector presents promising investment opportunities this year due to factors like rising defense spending, global conflicts, military modernization, and technological advances, including evolving warfare situations. Consequently, technological advancements in radar, AI, and analytics are enhancing modern warfare, driving growth in the defense systems market.</p>
<p>Hence, it could be wise to invest in defense stocks such as Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>), TransDigm Group Incorporated (<a href="https://stocknews.com/stock/TDG/">TDG</a>), and Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>), as they hold significant growth potential amid increasing global defense expenditure.</p>
<p>Global military spending rises due to heightened geopolitical risks, notably Russia's actions in Ukraine. The U.S. has allocated <a href="https://www.voanews.com/a/us-expected-to-announce-150m-in-new-military-aid-for-ukraine/7668956.html">$61 billion for Ukraine</a>, primarily for military aid including weapons, ammunition, and equipment, prompting major players like LMT and NOC to hire extensively, signaling sector expansion. Analysts project 4.7% CAGR growth in the air defense systems market, reaching <a href="https://www.mordorintelligence.com/industry-reports/air-defense-systems-market">$58.51 billion by 2029</a>.</p>
<p>Furthermore, the U.S. Defense Department's FY 2025 budget request of $849.8 billion prioritizes air defense, with <a href="https://www.defense.gov/News/News-Stories/Article/Article/3761026/dods-fy-2025-budget-focuses-on-defense-people-teamwork/">$61.2 billion</a> aimed at bolstering U.S. air superiority. This underscores the emphasis on modernizing air defense capabilities to uphold superior air power. The aerospace and defense market is forecasted to grow at a 5.9% CAGR, reaching <a href="https://www.globenewswire.com/news-release/2023/04/21/2652042/0/en/Aerospace-Defense-Global-Market-Report-2023.html">$1.08 trillion by 2027</a>.</p>
<p>Therefore, let's analyze the fundamentals of the three <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> picks, beginning with the third choice.</p>
<p><strong>Stock #3: Northrop Grumman Corporation </strong>(<a href="https://stocknews.com/stock/NOC/"><strong>NOC</strong></a><strong>) </strong></p>
<p>NOC operates as an aerospace and defense company worldwide. It operates through the Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems segments.</p>
<p>In terms of the trailing-12-month Return on Common Equity, NOC's 14.70% is 17.2% higher than the 12.54% industry average. Likewise, its 4.33% trailing-12-month Capex / Sales is 49.5% higher than the 2.90% industry average. Furthermore, its 0.87x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 11% higher than the 0.79x industry average.</p>
<p>NOC's total sales for the fiscal first quarter that ended March 31, 2024, amounted to $10.13 billion, up 8.9% year-over-year. In addition, its operating income rose 13.1% from the year-ago quarter to $1.07 billion. The company's net earnings stood at $944 million and $6.32 per share, up 12.1% and 14.9% over the prior-year quarter, respectively.</p>
<p>For the quarter ending June 30, 2024, NOC's EPS and revenue are expected to increase 11.4% and 4.7% year-over-year to $5.95 and $10.03 billion, respectively. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 1.4% to close the last trading session at $430.67.</p>
<p>NOC's favorable outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.</p>
<p>It has a B grade for Momentum and Stability. It is ranked #28 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry. Beyond what we stated above, we have also rated NOC for Growth, Value, Sentiment, and Quality. Get all ratings of NOC <a href="https://stocknews.com/stock/NOC/">here</a>.</p>
<p><strong>Stock #2: </strong><strong>TransDigm Group Incorporated </strong>(<a href="https://stocknews.com/stock/TDG/"><strong>TDG</strong></a><strong>)</strong></p>
<p>TDG designs, produces, and supplies aircraft components in the U.S. and internationally. The company operates through Power &amp; Control, Airframe, and Non-aviation segments.</p>
<p>On June 6, 2024, TDG completed the acquisition of the Electron Device Business of Communications &amp; Power Industries for $1.385 billion. The business, serving the aerospace and defense market, generated approximately $300 million in revenue in fiscal year 2023.</p>
<p>On May 28, 2024, TDG announced a definitive agreement to acquire Raptor Scientific for approximately $655 million in cash. This acquisition will strengthen TDG's portfolio with Raptor's proprietary aerospace and defense testing and measurement solutions.</p>
<p>TDG's trailing-12-month Return on Total Capital of 11.08% is 54.2% higher than the industry average of 7.19%. Likewise, its trailing-12-month EBIT margin and EBITDA margin of 45.48% and 49.34% are 347.7% and 258.5% higher than the industry averages of 10.16% and 13.76%, respectively.</p>
<p>For the fiscal second quarter that ended March 30, 2024, TDG's net sales increased 20.5% year-over-year $1.92 billion. The company's gross profit stood at $1.15 billion, up 24% from the year-ago quarter. Furthermore, its adjusted net income rose 35.5% and 33.6% over the prior-year quarter to $462 million and $7.99 per share.</p>
<p>Street expects TDG's EPS and revenue for the quarter ending June 30, 2024, to increase 16.7% and 14.8% year-over-year to $8.46 and $2 billion, respectively. TDG surpassed the consensus EPS and revenue estimates in each of the trailing four quarters. The stock has gained 62.5% over the past nine months to close the last trading session at $1,328.05.</p>
<p>TDG's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.</p>
<p>It is ranked #20 in the same industry. It has a B grade for Momentum, Stability, Sentiment, and Quality. In addition to the POWR Ratings grades I've just highlighted, you can see TDG's ratings for Growth and Value, <a href="https://stocknews.com/stock/TDG/">here</a>.</p>
<p><strong>Stock #1: Lockheed Martin Corporation </strong>(<a href="https://stocknews.com/stock/LMT/"><strong>LMT</strong></a><strong>)</strong></p>
<p>LMT is a security and aerospace company that engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.</p>
<p>On June 20, 2024, LMT successfully integrated digital command and control (C2) capabilities with the Department of Defense's Joint Fires Network during the Valiant Shield exercise. This integration enhances warfighter workflows and decision-making, showcasing LMT's commitment to advancing CJADC2 capabilities for the Joint Force.</p>
<p>On June 18, 2024, LMT was chosen by NASA to develop and construct the GeoXO weather satellite constellation for NOAA, enhancing weather forecasting with new ocean and air pollution observations. This $2.27 billion project aims to improve severe weather monitoring and climate understanding through cutting-edge satellite technology.</p>
<p>In terms of the trailing-12-month net income margin, LMT's 9.73% is 60.1% higher than the 6.08% industry average. Likewise, its 21.83% trailing-12-month Return on Total Capital is 203.8% higher than the industry average of 7.19%. Also, the LMT's 1.27x trailing-12-month asset turnover ratio is 61.8% higher than the industry average of 0.79x.</p>
<p>LMT's net sales for the fiscal first quarter that ended March 31, 2024, grew 13.7% year-over-year to $17.20 billion. Also, its aeronautics net sales increased 9.2% year-over-year to $6.85 billion. The company's non-GAAP net earnings stood at $1.53 billion, while its non-GAAP EPS came in at $6.33. Moreover, its cash from operations rose 4.5% year-over-year to $1.63 billion.</p>
<p>Analysts expect LMT's revenue for the quarter that ended June 30, 2024, to increase 1.7% year-over-year to $16.98 billion. Its EPS for the fiscal 2025 is expected to grow 6.1% year-over-year to $27.82. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 14% to close the last trading session at $471.51.</p>
<p>LMT's POWR Ratings reflect strong prospects. It has an overall rating of A, translating to a Strong Buy in our proprietary rating system.</p>
<p>It has a B grade for Value, Momentum, Stability, and Quality. It is ranked #2 in the Air/Defense Services industry. To see LMT's Growth and Sentiment rating, <a href="https://stocknews.com/stock/LMT/">click here</a>.</p>
<p><strong>What To Do Next?</strong></p>
<p>Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:</p>
<p><a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell"><strong>10 Stocks to SELL NOW! &gt;</strong></a></p>

<hr />
<p>LMT shares were trading at $469.02 per share on Tuesday afternoon, down $2.49 (-0.53%). Year-to-date, LMT has gained 4.94%, versus a 14.85% rise in the benchmark S&amp;P 500 index during the same period.</p>
<hr><div style="clear:both;"></div><br><h2>About the Author: Abhishek Bhuyan</h2><br><img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;"><p>Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.</p><p><a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a></p>The post <strong><a href=https://stocknews.com/news/lmt-tdg-noc-ride-the-wave-of-rising-defense-spending-with-these-3/>Ride the Wave of Rising Defense Spending With These 3 Stocks</a></strong> appeared first on <strong><a href=https://stocknews.com/>StockNews.com</a></strong>

Ride the Wave of Rising Defense Spending With These 3 Stocks

Air Force is said to remove head of Sentinel ICBM program

War in Ukraine, war in the Middle East, saber-rattling in China – there's no question that the global security situation is turning chaotic. Closer...

There's an Opportunity Brewing in These 2 Aerospace and Defense Stocks, Says Analyst

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Although labeled as the peace summit, an international call for an end to Russia&rsquo;s invasion of Ukraine effectively did little more than <a href="https://www.aljazeera.com/opinions/2024/6/23/why-did-the-ukraine-peace-summit-fail">harden ideological lines</a>. While a great many support a roadmap to peace that encompasses Ukraine&rsquo;s territorial integrity, key players &ndash; namely Russia and China, along with a few others &ndash; believe differently. What can be said is that <a href="https://investorplace.com/industries/industrial/defense/">defense stocks</a> to buy present a cynically positive framework.</p>



<p>Unless the Russians agree to pull back their troops &ndash; something that Moscow has demonstrated zero intention of doing without receiving what Ukraine considers unacceptable concessions &ndash; and return to internationally recognized borders, the conflict will likely continue. At this point, then, the U.S. and its allies have little to do except to bolster their military capabilities.</p>



<p>Frankly, the conflict may come down to who is going to blink first. For the U.S. to keep its superpower reputation intact, it just can&rsquo;t blink at all.</p>



<p>What makes defense stocks to buy even more compelling is that no matter who&rsquo;s president next, foreign policy will likely play a huge role in any administration. Being the long superpower affords the U.S. with <a href="https://www.nytimes.com/2022/03/16/opinion/us-russia-sanctions-power-economy.html">great economic advantages</a> that can be lost if that power is shared with other nations. While it&rsquo;s a controversial topic, it&rsquo;s time to consider these defense plays.</p>



<h2>Lockheed Martin (LMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/LMT1600-300x169.jpg" alt="A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California."><div>Source: Ken Wolter / Shutterstock.com</div></div><p><strong>Lockheed Martin</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/"><strong>LMT</strong></a>) is one of the biggest names in defense stocks to buy. Fundamentally, the company is important for its ability to project power. Thanks to its massive aerospace division, U.S. forces and allies maintain air superiority across vast regions of the world. Of course, Lockheed is vital in myriad other areas. However, the ability to respond to saber rattling has never been more important.</p>



<p>Financially, LMT stock doesn&rsquo;t offer the most <a href="https://www.google.com/finance/quote/LMT:NYSE?hl=en">exciting profile</a>, I&rsquo;m just keeping it real. However, it benefits from consistency. Between the second quarter of last year to Q1 2024, the company&rsquo;s average earnings per share hit nearly $6.91. This print translated to an average earnings surprise of 5.5%.</p>



<p>During the trailing 12 months (TTM), Lockheed posted net income of $6.78 billion or earnings of $27.34 per share. Revenue in the period reached $69.64 billion. The latest quarterly sales rate (year-over-year) landed at 13.7%.</p>



<p>For fiscal 2024, covering experts anticipate a slight dip in EPS to $26.27. However, revenue could rise by 3.2% to $69.76 billion. Further, it offers a forward yield of 2.69%. Again, LMT isn&rsquo;t exciting but it&rsquo;s one of the top defense stocks to buy.</p>



<h2>Northrop Grumman (NOC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/noc-stock-1-300x169.jpg" alt="Northrop Grumman (NOC) logo on a corporate building"><div>Source: Kristi Blokhin / Shutterstock.com</div></div><p>Another revered (and feared) name among defense stocks to buy, <strong>Northrop Grumman</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a>) makes a strong case for inclusion in your portfolio. Frankly, tensions in Europe are only going to rise unless the Russians encounter a catastrophic battlefield defeat. In the meantime, China consistently presents an adversarial presence. Essentially, Northrop&rsquo;s myriad weapons systems keeps honest people honest.</p>



<p>Financially, Northrop occupies similar ground to Lockheed Martin. Neither company is particularly riveting from an investment standpoint. However, Northrop &ndash; like its rival &ndash; is consistent. During the past four quarters, it posted EPS of $6.03. This print translated to an earnings surprise of just under 6%.</p>



<p>During the TTM period, Northrop posted net income of $2.16 billion or $14.35 per share. In the cycle, revenue reached $40.12 billion. Further, the company&rsquo;s most recent quarterly sales growth rate hit 8.9%. For fiscal 2024, experts believe EPS may rise 6.35% to land at $24.77. On the top line, sales could rise 4.6% to reach $41.11 billion.</p>



<p>Lastly, Northrop offers a forward dividend yield of 1.92%. It&rsquo;s a solid idea if you&rsquo;re looking for a stable candidate among defense stocks to buy.</p>



<h2>RTX (RTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/rtx-stock-300x169.jpg" alt="Raytheon (RTX) defense company logo hanging from glass building"><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>Formerly known as Raytheon Technologies, <strong>RTX</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rtx-stock-quote/"><strong>RTX</strong></a>) is a key player within the aerospace and defense sector. <a href="https://www.google.com/finance/quote/RTX:NYSE?hl=en">Per its public profile</a>, RTX provides systems and services for commercial, military and government customers. It&rsquo;s easily one of the top defense stocks to buy thanks to its weapons systems, especially its interceptor missiles.</p>



<p>Raytheon of course plays a major role in responding to saber rattling. However, it&rsquo;s also important to back up the tough talk: Raytheon does a lot of backing up, let&rsquo;s put it that way. Even better, RTX stock isn&rsquo;t all doom, gloom and boom. In the past four quarters, the underlying company&rsquo;s EPS landed at roughly $1.27. This print translated to an earnings surprise of 6.45%.</p>



<p>In the TTM period, RTX posted net income of $3.48 billion or $2.54 per share. Moreover, revenue in the cycle hit $71.01 billion. The latest quarterly sales growth rate stands at 12.1%. For fiscal 2024, analysts see EPS rising by 6.3% to hit $5.38. On the top line, revenue may clock in at $79.07 billion, up 6.4% from last year.</p>



<p>RTX offers a decent forward yield of 2.48% for those on the fence.</p>



<h2>Huntington Ingalls Industries (HII)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/hii1600-300x169.png" alt="Person holding smartphone with logo of US company Huntington Ingalls Industries Inc (HII) on screen in front of website Focus on phone display"><div>Source: Wirestock Creators / Shutterstock.com</div></div><p>One of the distinct plays among defense stocks to buy, <strong>Huntington Ingalls Industries</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/hii-stock-quote/"><strong>HII</strong></a>) designs and builds military ships. It&rsquo;s also responsible for their overhauling and repairs. This business will be increasingly significant, not only from a capacity perspective but also as a projection of power. Unlike the Russians, the U.S. commands a dominant naval force.</p>



<p>Further, with tensions rising with China, both the current and future administrations can&rsquo;t afford to show weakness. The U.S. Navy will be called upon to demonstrate the nation&rsquo;s broader military supremacy. Therefore, I see a huge demand influx for HII stock. So far, the financials bear this out. During the past four quarters, the average earnings surprise came out to a robust 21.03%.</p>



<p>In the TTM period, Huntington posted net income of $705 million, translating to $17.71 per share. Revenue in this cycle reached $11.59 billion. The most recent quarterly sales growth rate comes in at 4.9%. For fiscal 2024, experts see a slight dip in EPS to $16.56. However, the top line may rise modestly to $11.72 billion from last year&rsquo;s $11.45 billion.</p>



<p>Huntington also offers a forward yield of 2.07%. While you might not get rich with HII, it&rsquo;s one of the most relevant defense stocks to buy.</p>



<h2>AeroVironment (AVAV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/aerovironment-avav-1600-300x169.png" alt="The logo for AeroVironment (AVAV) is seen through a magnifying glass on the company's website."><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>A higher-risk, higher-reward idea within the aerospace and defense sector, <strong>AeroVironment</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avav-stock-quote/"><strong>AVAV</strong></a>) flew to fame with its self-destruct zones. Essentially, military operators can hide behind cover while directly an unmanned drone. Should a target be cited, an operator can deliberately crash into it, with the aim of destruction or disablement.</p>



<p>Drone warfare represented one of the key takeaways in the conflict in Ukraine. I&rsquo;d imagine that future conflicts will involve the same, meaning that AeroVironment may cynically benefit from increased demand. It hasn&rsquo;t always been the most consistent financial performer, with the company missing in its fiscal Q1 2023 report. However, during the past four quarters, its average earnings surprise clocked in at 107.5%.</p>



<p>During the TTM period, AeroVironment posted a net loss of $106.85 million or $4.44 per share in the red. However, sales hit $705.78 million. Further, the most recent sales growth rate soared to 38.8%.</p>



<p>For fiscal 2024, analysts anticipate a big jump in EPS to $2.81. Also, revenue may reach $708.15 million, a 31% increase from last year. It&rsquo;s one of the enticing defense stocks to buy.</p>



<h2>Boeing (BA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/boeing_ba_ch47_1600-300x169.png" alt="Royal Air Force Boeing (BA) Chinook HC2A (352) [ZH895] lifting off from runway"><div>Source: InsectWorld / Shutterstock.com</div></div><p>Aerospace giant <strong>Boeing</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/"><strong>BA</strong></a>) presents a controversial narrative, not just for the underlying relevance to defense stocks to buy but also because of troubles in its civilian unit. Without going into all the details, Boeing for the last few years has struggled due to safety concerns associated with its jetliners. That&rsquo;s the kind of stuff that happens when <a href="https://www.nbcnews.com/news/us-news/faa-investigate-boeing-door-plug-falls-alaska-airlines-plane-midair-rcna133491">doors blow off airplanes</a>.</p>



<p>It appears that the controversies have weighed on the firm&rsquo;s financials. In the past four quarters, Boeing incurred an average loss per share of $1.33. In fairness, the red ink came in at a lesser degree than experts anticipated. Therefore, the average quarterly surprise came out to 18.08%. Still, BA stock is down heavily on a year-to-date basis.</p>



<p>In the TTM period, Boeing suffered a net loss of $2.15 billion or $3.54 per share. Sales in the period landed at $76.44 billion. For fiscal 2024, analysts expect a major improvement to a loss of $1.36. Last year, the company posted a loss of $5.81 per share.</p>



<p>On the top line, sales may dip 5.4% to $73.58 billion. Still, a recovery could materialize in fiscal 2025, with sales projected to rise to $88.36 billion.</p>



<h2>Blacksky Technology (BKSY)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/10/satellite-communication-earth-space-1.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/satellite-communication-earth-space-1-300x169.jpg" alt="futuristic image of earth from space to represent aerospace stocks"></a><p>If you want to roll the dice with your defense stocks to buy, <strong>Blacksky Technology</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bksy-stock-quote/"><strong>BKSY</strong></a>) might be an enticing prospect. For all intents and purposes, when you consider the lowly share price and the nothing-burger market capitalization, Blacksky is a penny stock. However, it&rsquo;s part of the burgeoning geospatial intelligence ecosystem. Therefore, it could play a huge role in critical data collection.</p>



<p>Understanding where enemy positions are located along with potential areas of movement will offer military operators a potentially pivotal advantage. Therefore, BKSY stock could reasonably see a demand influx if more people recognize the opportunity. For now, it&rsquo;s a hit-or-miss affair financially. Still, it must be said that in terms of mitigating expected losses per share, Blacksky posted a quarterly surprise of 11.45% between Q2 2023 and Q1 2024.</p>



<p>During the TTM period, the company incurred a net loss of $52.35 million or 37 cents per share. Revenue in the period hit $100.33 million. For fiscal 2024, experts believe Blacksky will post a loss per share of 34 cents, an improvement from last year&rsquo;s 39 cents in the red.</p>



<p>Revenue may land at $108.94 million, up 15.3%. Further, fiscal 2025 sales could soar to $138.54 million, up 27.2%.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/7-defense-stocks-to-buy-amid-peace-summit-tensions/">7 Defense Stocks to Buy Amid Peace Summit Tensions</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Defense Stocks to Buy Amid Peace Summit Tensions

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There&rsquo;s absolutely no doubt that the U.S. debt and deficit have reached dangerous levels. As a result, barring some sort of very strange black swan event, Washington will have little choice but to make major moves to tackle the problem and put several sectors at risk within the next few years. If you doubt my assertion, just look at some of the grim statistics. </p>



<p>According to <em>CBS</em>, annual federal<a href="https://www.cbsnews.com/news/federal-debt-interest-payments-defense-medicare-children/"> interest payments will</a> reach $870 billion this year, representing a 32% jump over the previous year and exceeding the huge amount that America spends on its military. Moreover, our debt-to-GDP ratio is around <a href="https://www.axios.com/2024/01/22/us-national-debt-gdp">123%</a>. That puts us above most other advanced economies. </p>



<p>Most ominously, according to the Congressional Budget Office, Washington will continue to spend up to  <a href="https://www.cbo.gov/topics/budget#:~:text=The%20federal%20deficit%20in%202023,percent%20of%20gross%20domestic%20product.&amp;text=In%20CBO's%20projections%2C%20federal%20budget,reaches%20116%20percent%20of%20GDP.">$20 trillion of cumulative deficits</a> between 2025 and 2034. That would put us well on our way to the 200% of GDP-to-debt level <a href="https://www.gao.gov/products/gao-24-106987">that multiple economists say</a> is unsustainable. So with the government poised to take measures to tackle this huge problem, these three sectors remain at risk of severe cutbacks.</p>



<h2>Drugmakers</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/pharma-stocks-300x169.jpg" alt="rows of pills on a table representing pharmaceutical stocks. EVAX stock"><div>Source: Iryna Imago / Shutterstock.com</div></div><p>The only actual inflation-reduction measures included within the Inflation Reduction Act hurt drug companies. Specifically, the legislation <a href="https://www.hhs.gov/about/news/2024/03/26/hhs-announces-savings-41-prescription-drugs-thanks-inflation-rebates-from-biden-harris-administrations-lower-cost-prescription-drug-law.html#:~:text=The%20Inflation%20Reduction%20Act%20requires,of%20inflation%20for%20certain%20drugs.">forced these companies</a> to &rdquo;&nbsp;pay rebates to Medicare when prices increase faster than the rate of inflation for certain drugs.&rdquo; Additionally, the law empowered the government to pay less than prevailing prices for a small number of treatments starting in 2026 In that year, the Secretary of Health and Human Services will be able to pay less for 15 drugs. And the secretary will be able to add 15 more drugs to the list in both 2027 and 2028. The impacted treatments must be taken from a list of treatments that cost Medicare the most.</p>



<p>If the Democrats retain the White House, there&rsquo;s a good chance that the number of drugs affected by such measures will be significantly increased. Such a move could significantly lower the share prices of the largest, most successful drug makers, such as <strong>Pfizer</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/pfe-stock-quote/"><strong>PFE</strong></a></span>), <strong>Eli Lilly</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/lly-stock-quote/"><strong>LLY</strong></a></span>), and <strong>Merck</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mrk-stock-quote/"><strong>MRK</strong></a></span>).</p>



<h2>Defense Companies</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/defense-stocks1600-300x169.png" alt="Veterans Day. US soldiers. US army. USA patch flag on the US military uniform. United States Armed Forces. Defense stocks"><div>Source: Bumble Dee / Shutterstock.com</div></div><p>The defense companies are likely to be hurt no matter who becomes president, so they are certainly one of the sectors at risk from Washington&rsquo;s upcoming cost-cutting measures. President Donald Trump has vowed <a href="https://thehill.com/homenews/campaign/4603096-trump-asks-why-europe-isnt-giving-ukraine-more-aid/">to make Europe pay for more </a>of the Ukraine War, and at times <a href="https://www.benzinga.com/news/24/06/39472302/trump-reportedly-favors-advisors-plan-to-end-ukraine-russia-war-if-reelected-report">he&rsquo;s indicated that he wants to end the conflict</a> altogether. Ukraine uses America&rsquo;s money to buy American weapons. To the extent that it relies more on Europe to fund the war, it will likely buy less of America&rsquo;s armaments. That, of course, would be negative for the major U.S. military contractors, including <strong>Lockheed Martin</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/lmt-stock-quote/"><strong>LMT</strong></a></span>), <strong> Northrop Grumman</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a></span>), and <strong>General Dynamics </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/gd-stock-quote/"><strong>GD</strong></a></span>).</p>



<p>Democrats historically look to save the government money by cutting defense spending. Therefore, if President Joe Biden or another Democrat is in the White House in 2025 and 2026, we&rsquo;re likely to see cuts to programs that don&rsquo;t affect Ukraine. And there is a great deal of room to cut defense spending.   </p>



<p>Indeed, not only does America spend far more on its military than any other nation, but it spends more on it<a href="https://www.pgpf.org/blog/2024/04/the-united-states-spends-more-on-defense-than-the-next-9-countries-combined"> than the next nine countries combined. </a>And America&rsquo;s armament makers are extremely profitable, indicating that Washington could force them to meaningfully cut their prices without causing them to stop selling their products to the Pentagon. For example, Lockheed&rsquo;s <a href="https://seekingalpha.com/symbol/LMT/income-statement">operating income came in at</a> over $9 billion last year, while General Dynamics <a href="https://seekingalpha.com/symbol/GD/income-statement?source=content_type%3Aall%7Csection%3Asearch_bar%7Csection_asset%3Asearch-basic%7Csearch_item%3Agd%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">generated $3.7 billion </a>of OI.</p>



<h2>Senior Housing Develoeprs</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/homebuilder_construction_1600-300x169.png" alt="A photo of a person in a neon green vest holding blueprints and standing behind a white table covered with supplies like pencils, a computer, a ruler and two wooden house shapes. Homebuilder Stocks"><div>Source: ARMMY PICCA/ShutterStock.com</div></div><p>Many if not most Republicans have made no secret of their desire to cut spending on Social Security. Most famously, former South Carolina Governor and presidential candidate Nikki Haley <a href="https://www.presidency.ucsb.edu/documents/desantis-campaign-press-release-nikki-haley-would-cut-social-security-does-not-understand">said last year that</a> the age was &ldquo;way too low.&rdquo; And former House Speaker Paul Ryan, to whom many Republicans look for ideas on deficit cutting, has <a href="http://hase.com">proposed deep cuts to </a>the Social Security program.</p>



<p>Although Trump has historically said that he opposes cutting entitlements, he indicated earlier this year that he has fully embraced the GOP position on the issue. &ldquo;There is a lot you can do in terms of entitlements, in terms of cutting,&rdquo; the <a href="https://www.cnn.com/2024/03/11/politics/trump-entitlements-social-security-medicare/index.html">former president told </a><em>CNBC </em>in March.</p>



<p>If Republicans follow Haley&rsquo;s suggestion and raise the Social Security age a great deal, senior housing developers could take a sizeable hit. After all, such a move would significantly cut the income of consumers who move into senior housing, lowering the amount of rent or mortgage payments that they can hand over.</p>



<p>Among the major owners of senior housing are <strong>Brookdale Senior Living</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bkd-stock-quote/"><strong>BKD</strong></a></span>), <strong>Sonida Senior Living</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/snda-stock-quote/"><strong>SNDA</strong></a>), and <strong>Ventas</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/vtr-stock-quote/"><strong>VTR</strong></a>).</p>



<p><em>On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em></p>
<div><p>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-sectors-that-could-get-slammed-by-attempts-to-reduce-u-s-debt/">3 Sectors That Could Get Slammed by Attempts to Reduce U.S. Debt</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Sectors That Could Get Slammed by Attempts to Reduce U.S. Debt

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Amidst ongoing conflicts, the choice of <a href="https://investorplace.com/industries/industrial/defense/">defense stocks</a> for investors might seem crucial yet unpredictable due to varying government spending priorities. Though economic upheaval isn&rsquo;t my primary prediction, several scenarios could disrupt the U.S. economy. </p>



<p>For example, one concern is the unsustainable national debt, which experts like BlueBay&rsquo;s Mark Dowling warn could lead to significant financial instability. Additionally, a major conflict in the Middle East could spike oil prices, potentially triggering a recession. There&rsquo;s also the persistent threat of terrorism, particularly with ongoing global tensions. </p>



<p>Despite economic uncertainties, defense stocks could remain resilient due to consistent demand for U.S. weaponry amid geopolitical challenges. If chosen wisely, these profitable defense stocks can offer defensive stability based on critical product demand rather than heavy government funding reliance.</p>



<h2><strong>Northrop Grumman (NOC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/noc-stock-1-300x169.jpg" alt="Northrop Grumman (NOC) logo on a corporate building"><div>Source: Kristi Blokhin / Shutterstock.com</div></div><p><strong>Northrop Grumman</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/noc-stock-quote/"><strong>NOC</strong></a></span>), a key player in aerospace and defense, excelled in Q1 2024 with <a href="https://investor.northropgrumman.com/static-files/070a95ba-0524-47da-af1c-9ca4805a7c7b">$10.1B in sales,</a> a 9% year-over-year (YOY) increase. The company leads in satellite manufacturing and space technology, contributing to missions like <strong>NASA&rsquo;s </strong>Artemis program. </p>



<p>Despite recent declines, NOC is positioned for growth with new contracts and partnerships, including NATO&rsquo;s interest in expanding maritime surveillance with Triton aircraft. Analysts foresee potential gains, with NOC trading at 17.7x forward earnings and 1.6x sales, suggesting a 14% upside next year.</p>



<p>In other NOC news, <a href="https://www.airandspaceforces.com/darpa-xrq-73-flying-wing-reconnaissance-x-plane/">Northrop Grumman&rsquo;s XRQ-73,</a> designated for DARPA&rsquo;s Shepard program, is led by its Aeronautics Systems division in Redondo Beach, CA. Collaborating with <strong>Scaled Composites</strong>, known for its expertise in aircraft design, the program builds on technology from the earlier Great Horned Owl project. Great Horned Owl, initiated in 2011 by IARPA with support from AFRL, focused on developing a stealthy surveillance drone with advanced series hybrid electric architecture.</p>



<h2><strong>Lockheed Martin (LMT)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/LMT1600-300x169.jpg" alt="A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California."><div>Source: Ken Wolter / Shutterstock.com</div></div><p>Similar to Northrop,<strong> Lockheed Martin </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/lmt-stock-quote/"><strong>LMT</strong></a></span>) offers stable investment potential in <a href="https://investorplace.com/industries/industrial/space/">space stocks,</a> focusing on satellite technology amid rising geopolitical tensions. Despite a nearly flat performance in 2024, analysts rate it a Hold with a modest upside. </p>



<p>Financially, Lockheed reported <a href="https://stockanalysis.com/stocks/lmt/statistics/">$6.78 billion in net income</a> over the past year, with revenue reaching $69.64 billion. Expectations for fiscal 2024 foresee earnings at $26.27 per share and revenue climbing to $72.36 billion in 2025, complemented by a 2.7% forward dividend yield, emphasizing stability.</p>



<p>Lockheed Martin&rsquo;s advanced weather satellite, built for NOAA, <a href="https://www.prnewswire.com/news-releases/lockheed-martin-built-goes-u-weather-satellite-successfully-launched-302182604.html">successfully launched from NASA&rsquo;s Kennedy Space Center </a>via a <strong>SpaceX </strong>Falcon Heavy rocket. Named GOES-U, it deployed its solar array and established communication with operators. GOES-U is the final satellite in NOAA&rsquo;s GOES-R series, set to be renamed GOES-19 after reaching geostationary orbit. It will serve as GOES East, offering weather imagery, atmospheric data, lightning mapping and space weather observations over North America&rsquo;s East Coast.</p>



<h2><strong>General Dynamics (GD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/general_dynamics_gd1600-300x169.jpg" alt="image of General Dynamics (GD) website, representing dividend stocks"><div>Source: Casimiro PT / Shutterstock.com</div></div><p><strong>General Dynamics</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gd-stock-quote/"><strong>GD</strong></a></span>), known for its diverse operations in aerospace, marine systems, combat systems and technologies, saw a robust financial performance. Revenue <a href="https://finance.yahoo.com/news/general-dynamics-reports-first-quarter-110000911.html">climbed</a> to $10.7 billion, up 8.6% YOY, with net earnings reaching $799 million, a 9.5% increase. Diluted EPS grew by 9.1% to $2.88, showcasing strong profitability with gross and operating margins exceeding 15% and 9%, respectively.</p>



<p>In late March, Gulfstream Aerospace, a division of General Dynamics, achieved FAA-type certification for its new Gulfstream G700, with initial deliveries already underway. Increased demand in Combat Systems and growth in Marine Systems, driven by U.S. Navy contracts, are key drivers. </p>



<p>The company boasts a 1.97% dividend yield, consistently increased for 33 years. With a low beta of 0.64, indicating less market risk, GD stock shows resilience despite recent peaks. Its robust combat and marine systems sectors and solid order backlog position it well for continued growth, potentially bolstered by margin improvements and Gulfstream business jet sales.</p>



<p><em>On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-incredibly-profitable-defense-stocks-to-buy-now/">3 Incredibly Profitable Defense Stocks to Buy Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Incredibly Profitable Defense Stocks to Buy Now

AAPL

ARKK

AVAV

BKSY

CHGG

EBAY

FOUR

FSRNQ

PYPL

SCCO

SNDA

SPCE

SPIR

SPXT

SPYD

SPYG

Press Releases

Northrop Grumman to Webcast Annual Shareholders Meeting

Northrop Grumman Announces Leadership Changes

Northrop Grumman Increases Quarterly Dividend 10 Percent to $2.06

Northrop Grumman to Accelerate AI Innovation with NVIDIA Software

Northrop Grumman's B-21 Raider Continues Its Flight Test Campaign

Northrop Grumman to Participate in Bernstein's 40th Annual Strategic Decisions Conference

Defence Electronics market is projected to grow at a CAGR of 5.7% by 2034: Visiongain

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Northrop Grumman Announces Webcast, Conference Call of Second Quarter 2024 Financial Results

The Lanier Law Firm: LA-Area Residents Granted Class Certification for Environmental Contamination Claims

AeroVironment

Axon Enterprise

Boeing

BWX Technologies

Curtiss-Wright

Leonardo DRS

Embraer

General Dynamics Corporation Common Stock

General Dynamics

GE Aero

Heico

Heico Corporation Common Stock

Huntington Ingalls Industries, Inc. Common Stock

Huntington Ingalls Indus

Howmet Aerospace

Hexcel

Kratos Defense & Security Solutions, Inc. - Common Stock

Kratos Defense & Security

L3Harris Technologies

Lockheed Martin

Loar Holdings

Moog Inc. Class A Common Stock

Spirit Aerosystems Holdings, Inc. Common Stock

Spirit AeroSystems Hldgs

Transdigm Group Incorporated Common Stock

TransDigm Gr

Textron

Woodward

BTIG

Bernstein

Wells Fargo

RBC Capital

Susquehanna

<p>미국이 수요일 오전 B-1B 폭격기를 한반도 상공으로 비행했다. 남북한 지역의 <a href="https://www.benzinga.com/news/24/05/39107666/after-sending-balloons-filled-with-manure-kim-jong-uns-north-korea-fires-18-missiles-in-warning-to-s">긴장</a>이 더욱 고조되는 가운데 방산업체와 상장지수펀드(ETF)에 어떤 영향을 미칠까요?</p>
<p><strong>사건의 전말 (What Happened):</strong> AP통신에 <a href="https://apnews.com/article/north-korea-us-bomber-jdam-aa288f398e1387abe3d7eea82e2b2c2d" target="_blank" rel="noopener">따르면</a> 한국군이 이번 폭격 훈련을 발표했다.</p>
<p>이번 훈련에서 일명 &#8216;죽음의 백조&#8217;로 불리는 B-1B 폭격기는 한국 전투기들의 호위를 받으며 합동직접공격탄(JDAM)을 투하했다.</p>
<p><strong>중요성의 근거 (Why it Matters):</strong> B-1B 폭격기와 JDAM은 모두 <strong>보잉</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)에서 <a href="https://www.boeing.com/defense/b-1b-lancer" target="_blank" rel="noopener">제조</a>되었다.</p>
<p class="block core-block">다른 미국 무기 제조사들도 한국군에 적극적으로 무기를 공급하고 있다. 이전 레이시온(Raytheon)이었던 <strong>Rtx</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>)는 항공우주 <a href="https://raytheon.mediaroom.com/2024-02-13-RTXs-Pratt-Whitney-receives-a-355-million-F100-engine-sustainment-contract-for-South-Koreas-F-15s,-F-16s">엔진</a>과 <a href="https://www.rtx.com/news/news-center/2023/05/15/raytheon-technologies-upgrading-korea-aerospace-industries-fa-50-aircraft-with-p">레이더</a> 기술을 한국에 공급한다. <strong>노스롭 그루먼</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)은 한국에 지뢰 탐지 레이더 <a href="https://news.northropgrumman.com/news/releases/northrop-grumman-awarded-mine-detection-contract-for-the-republic-of-korea">기술</a>을 공급하고 있다.</p>
<p>미국은 최근 우크라이나, 이스라엘, 대만에서의 군사 작전에 <a href="https://www.benzinga.com/markets/equities/24/02/37111669/95b-ukraine-aid-bill-republicans-challenge-historical-views-on-foreign-policy-us-role-as-worlds-" target="_blank" rel="noopener">수십억 달러를 지출</a>했다. 한반도의 고조는 미국 국회의원들의 관심을 끌 수도 있다.</p>
<p><strong>iShares US Aerospace &amp; Defense ETF</strong>(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>), <strong>iShares U.S. Aerospace &amp; Defense Index ETF</strong>(TSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/xad" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for XAD"><span class="sc-llvwKJ dHQfJg">XAD</span></a>), <strong>Invesco Aerospace &amp; Defense ETF</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) 등을 포함하여 위에서 언급한 방산업체에 큰 비중을 두는 테마 ETF가 많이 있다.</p>
<p><strong>가격 움직임:</strong></p>
<ul>
<li>보잉은 0.65% 상승한 189.85달러에 마감했다.</li>
<li>RTX는 0.50% 상승한 108.44달러에 마쳤다.</li>
<li>노스롭 그먼은 1.30% 하락한 442.37달러에 마감했다.</li>
</ul>
<p><em>이미지: 군사 재료에서 제공받은 B-1B 란서 (Pixabay)</em></p>

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