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Shares of Northrop Grumman Corporation Rise Above Previous 52-Week High

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Northrop Grumman Corporation (NYSE: NOC) traded today at a new 52-week high of $395.59. So far today approximately 279,000 shares have been exchanged, as compared to an average 30-day volume of 733,000 shares.

Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm’s segments include aeronautics, mission systems, defense services, and space systems. The company’s aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company’s space systems segment produces various space structures, sensors, and satellites.

Northrop Grumman Corporation defies analysts with a current price ($395.12) 32.1% above its average consensus price target of $268.32.

Over the past year, Northrop Grumman Corporation has traded in a range of $282.88 to $395.59 and is now at $395.12, 40% above that low.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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