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Northrop Grumman Corporation (NOC)

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338.61-2.08 (-0.61%)
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338.61 0.00 (0.00%)
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Previous Close340.69
Open338.97
Bid338.87 x 800
Ask340.27 x 800
Day's Range338.00 - 340.16
52 Week Range282.88 - 357.12
Volume781,134
Avg. Volume1,150,095
Market Cap54.503B
Beta (5Y Monthly)0.81
PE Ratio (TTM)17.79
EPS (TTM)19.03
Earnings DateApr 29, 2021
Forward Dividend & Yield5.80 (1.70%)
Ex-Dividend DateFeb 26, 2021
1y Target Est368.17
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Biden Reassures Chip Summit of Bipartisan Support for Funds
    Bloomberg

    Biden Reassures Chip Summit of Bipartisan Support for Funds

    (Bloomberg) -- President Joe Biden told companies vying with each other for a sharply constrained global supply of semiconductors that he has bipartisan support for government funding to address a shortage that has idled automakers worldwide.During a White House meeting with more than a dozen chief executive officers on Monday, Biden read from a letter from 23 senators and 42 House members backing his proposal for $50 billion for semiconductor manufacturing and research.“Both sides of the aisle are strongly supportive of what we’re proposing and where I think we can really get things done for the American people,” Biden said. “Now let me quote from the letter. It says, ‘The Chinese Communist Party is aggressively -- plans to reorient and dominate the semiconductor supply chain,’ and it goes into how much money will be they’re pouring into being able to do that.”Chief executives including General Motors Co. CEO Mary Barra, Ford Motor Co. CEO James D. Farley, Jr., and Sundar Pichai, CEO of Alphabet and Google participated in the virtual summit.White House Press Secretary Jen Psaki said the meeting showed the administration is serious about addressing supply-chain constraints and softening the blow for affected companies and workers.National Economic Council director Brian Deese and National Security Adviser Jake Sullivan hosted the meeting, with Commerce Secretary Gina Raimondo also participating. Companies invited to join included Dell Technologies Inc., Intel Corp., Medtronic Plc, Northrop Grumman Corp., HP Inc., Cummins Inc., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co., AT&T Inc. and Samsung Electronics Co., as well as GM, Ford and Alphabet Inc.Intel CEO Pat Gelsinger said in an interview after the meeting that the White House and Congress are working aggressively to support the semiconductor industry with more domestic manufacturing, research and development as well as efforts to build the workforce. Taiwan’s TSMC also voiced its support. The contract chipmaker, which plays a central role in manufacturing most of the world’s most advanced semiconductors, has secured government incentives to begin building a $12 billion Arizona plant this year.“TSMC is confident that our 5nm advanced fab plan in Phoenix Arizona -- one of the largest foreign direct investments in U.S. history -- will be successful in partnership with the U.S. government,” it said in a statement.The administration intended to highlight elements of the president’s proposed $2.25 trillion infrastructure-focused plan that they believe would improve supply-chain resilience, a White House official said. The agenda also included discussions about the auto industry’s transition to clean energy, job creation and ensuring U.S. economic competitiveness, the official added.Many of the lawmakers supporting additional funding for semiconductors want to see the measure in a standalone competitiveness bill aimed at China, not as part of Biden’s infrastructure package, as it is now. The China bill has some bipartisan support and could have a quicker path through Congress.Intel, Micron, GM, A&T on Roster for White House Chips MeetingBut exactly how to spend and allocate the semiconductor funding is a source of debate among automakers and other consumers of chips, as well as the semiconductor companies themselves.Carmakers are pushing for a portion of the money to be reserved for vehicle-grade chips, warning of a potential 1.3 million shortfall in car and light-duty truck production in the U.S. this year if their industry isn’t given priority.Yet makers of other electronic devices affected by the chip shortage, such as computers and mobile phones, have taken issue with the carmakers’ demands, worried their industries will suffer. The debate was also a factor in the White House meeting.“There were many, many voices saying, ‘hey, we can’t just start carving things up for particular industries. We need a solution that works in the medium and long term and that are sensitive to some of the unique challenges of the immediate term,’” Gelsinger said in the interview. “I think we’re working pretty well through that process right now. 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  • Northrop Grumman and Intelsat Make History with Docking of Second Mission Extension Vehicle to Extend Life of Satellite
    GlobeNewswire

    Northrop Grumman and Intelsat Make History with Docking of Second Mission Extension Vehicle to Extend Life of Satellite

    Successful docking paves the way for future on-orbit and life-extension services through robotics Northrop Grumman and Intelsat Make History with Docking of Second Mission Extension Vehicle to Extend Life of Satellite An image of Intelsat 10-02 taken by MEV-2’s infrared wide field of view camera at 15m away. Photo credit: Northrop Grumman DULLES, Va., April 12, 2021 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) and the company’s wholly-owned subsidiary, SpaceLogistics LLC, have successfully completed the docking of the Mission Extension Vehicle-2 (MEV-2) to the Intelsat 10-02 (IS-10-02) commercial communications satellite to deliver life-extension services. The docking was completed at 1:34 p.m. EST. Northrop Grumman is the only provider of flight-proven life extension services for satellites, and this is the second time the company has docked two commercial spacecraft in orbit. The company’s MEV-1 made history when it successfully docked to the Intelsat 901 (IS-901) satellite in February 2020. Unlike MEV-1, which docked above the GEO orbit before moving IS-901 back into service, MEV-2 docked with IS-10-02 directly in its operational GEO orbital location. “Today’s successful docking of our second Mission Extension Vehicle further demonstrates the reliability, safety and utility of in-space logistics,” said Tom Wilson, vice president, strategic space systems, Northrop Grumman and president, SpaceLogistics LLC. “The success of this mission paves the way for our second generation of servicing satellites and robotics, offering flexibility and resiliency for both commercial and government satellite operators, which can enable entirely new classes of missions.” Under the terms of Intelsat’s satellite life-extension servicing contract, MEV-2 will provide five years of service to IS-10-02 before undocking and moving on to provide services for a new mission. “Intelsat has pioneered innovations in space-based technology for more than five decades. We are proud to work side by side with Northrop Grumman on today’s groundbreaking mission, the first-ever docking of a communications satellite in GEO orbit,” said Intelsat Chief Services Officer Mike DeMarco. “Space servicing is a valuable tool for Intelsat in extending the high-quality service experience that our customers depend upon. Northrop Grumman’s MEV technology has helped us extend the life of two otherwise healthy and high-performing satellites, while focusing our innovation capital on advancing the Intelsat next-generation network – this technology is a ‘win-win’ for us.” The Mission Extension Vehicle is the first in Northrop Grumman’s lineup of satellite servicing vehicles, but following last year’s robotic servicing mission award from DARPA, the company is working with the agency on a mission that will feature the first-ever commercial robotic servicing spacecraft. This mission will expand the market for satellite servicing of both commercial and government client satellites with advanced robotics using the company’s Mission Robotic Vehicle (MRV) to conduct in-orbit repair, augmentation, assembly, detailed inspection and relocation of client satellites through robotics. To further complement its on-orbit servicing portfolio, Northrop Grumman is leveraging model based systems engineering to develop its Mission Extension Pods (MEPs) which will also provide critical life extension services to aging satellites. The MRV will be used to install these pods on existing in-orbit commercial and government client satellites to extend their mission lives. The company is targeting 2024 for launch of both the MRV and the initial MEPs. B-roll and animation footage for the mission can be found here. Photos for the mission can be found here. About Intelsat As the foundational architects of satellite technology, Intelsat operates the world’s largest and most advanced satellite fleet and connectivity infrastructure. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is uniquely positioned to help our customers turn possibilities into reality – transformation happens when businesses, governments, and communities use Intelsat’s next-generation global network and managed services to build their connected future. About Northrop Grumman Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Our 97,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services. Contact:Kristen Basham 703-404-7476 (office) 240-623-6778 (mobile) kristen.basham@ngc.com Melissa Longo 240-308-1881 melissa.longo@intelsat.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d62e8d2-c03d-4084-8083-d90930543de3