|Bid||334.00 x 50000|
|Ask||334.55 x 50000|
|Day's Range||334.00 - 334.00|
|52 Week Range||233.29 - 351.50|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||25.26|
|Forward Dividend & Yield||4.84 (1.40%)|
|Ex-Dividend Date||Feb 21, 2020|
|1y Target Est||N/A|
The U.S. Army recently awarded LONGBOW Limited Liability Company (LBL), a joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman Corporation (NYSE: NOC), a five-year sustainment indefinite delivery/indefinite quantity (IDIQ) contract for up to $235.8 million to provide post production support services for the AH-64 Apache helicopter AN/APG-78 LONGBOW Fire Control Radar (FCR) to international customers.
Northrop Grumman Corporation (NYSE:NOC) stock is about to trade ex-dividend in 3 days time. This means that investors...
Incoming University of Maryland President Darryll Pines may describe himself as a bit of a joker — but he is serious about building out the school’s tech and startup ecosystems. The press conference, held in The Hotel at the University of Maryland, would literally have not been possible without outgoing President Wallace Loh, said University System of Maryland Chancellor Jay Perman in a speech introducing Pines.
When tensions arise between nations, markets get rattled but one sector often holds up amid the saber-rattling. For those of us anticipating more posturing, recriminations and other breaches of the peace, a position in defense stocks might be as reliable a wager as any.To help you pick the best of the best defense stocks, I'll present to you a selection of U.S.-focused large-cap companies that provide not only a dividend while you wait for a crisis to erupt, but strong potential for upside when turmoil arises.Notably absent from this list of defense stocks to consider will be Boeing (NYSE:BA), which just announced that it received zero plane orders in January. This is not a good sign, so I'll be looking elsewhere for my defense-sector picks today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 Without further ado, let's go on the offensive with three defense stocks to consider adding to your holdings. Defense Stocks to Buy: Lockheed Martin (LMT)Source: Ken Wolter / Shutterstock.com When Boeing just won't do, Lockheed Martin (NYSE:LMT) will do just fine.In fact, I would assert that it's the better buy at the moment. A respectable 2.18% annual dividend payout and a price-to-earnings ratio of 19.89 add up to a perfectly reasonable buy-and-hold, even when geopolitical tensions aren't running hot.In contrast to the dismal news for Boeing, Lockheed Martin just landed a sweet $347 million deal with the U.S. Navy to ramp up a defense program in Orlando. Lockheed has something akin to a love affair going on with Orlando, it seems, as the company intends to employ 9,000 workers in the vicinity by 2023 and just shipped its third GPS III satellite to Cape Canaveral. Evidently the home of Disneyland is also the epicenter of Lockheed's business activity, which is fine with me, as long as they're making money. Northrop Grumman (NOC)Source: Shutterstock Rising tensions mean that it's time to get bullish on firms with Pentagon connections, and Northrop Grumman (NYSE:NOC) fits squarely into that category. In fact, this company participates in Pentagon contracts involving the F-35 stealth fighter and the world-famous B-21 stealth bomber, and Northrop is seeking to add more Pentagon deals to its fiscal arsenal.There's a Lockheed connection here, as Northrop Grumman serves as a subcontractor on Lockheed Martin's powerful F-35 fighter aircraft model. Not only that, but Northrop also produces the Global Hawk drone and enhanced its market footprint in the space race in 2018 when the company acquired Orbital ATK. * 7 Exciting Stocks to Buy for Aggressive Investors These plum deals, coupled with a 1.43% annualized dividend yield, should place NOC front-and-center in any well-rounded defense-niche portfolio. L3Harris Technologies (LHX)Source: Shutterstock This final pick might have a funny name, but L3Harris Technologies (NYSE:LHX) is serious business with a 1.32% annual dividend yield and a multimillion-dollar contract with the U.S. Air Force to develop an artificial-intelligence (AI) software platform. Since AI is the latest frontier in defense technology, L3Harris is in the right place at the right time to capitalize on America's need to compete with other nations in this area.The partnership with the Air Force might not end there, however, as L3Harris recently passed the preliminary design review phase as the company seeks the opportunity to develop the Navigation Technology Satellite-3 (NTS-3) program. As L3Harris Space and Airborne Systems President explains:"We have moved from contract award to finishing an early design review in under one year, which is an amazing accomplishment for a satellite development program that normally takes twice that amount of time … We have proven we can move quickly to support the Air Force's go-fast mission requirements."Given these exciting developments, I wouldn't be at all surprised if LHX stock has a "go-fast" moment as the defense sector gears up for a potentially turbulent -- and lucrative -- 2020.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 3 Defense Stocks for Geopolitical Turmoil appeared first on InvestorPlace.
On-orbit manufacturing startup Made In Space has tapped Colorado's Blue Canyon Technologies (BCT) to help support its Archinaut One demonstration mission contracted by NASA, which is currently set to take place in 2022. The mission will see Made In Space show off the assembly of two 10-meter solar arrays on orbit, which will then be used to power an ESPA-class satellite, providing up to five times more power than is available via power sources used for those satellites not assembled on orbit. BCT will be providing development of the spacecraft platform (along with Northrop Grumman) that Made In Space will use to delver its Archinaut manufacturing platform, which employs additive manufacturing and robotic assembly to be able to build structures while on orbit.
Northrop Grumman shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
Lockheed Martin Corp. secured a $347 million modification to a U.S. Navy contract with local work, the Department of Defense announced Feb. 7. The contract is for the procurement of long lead materials that will enable Lockheed to stay on track for the delivery of 43 F-35 aircraft. Ten percent of the work will happen in Orlando, and it’s expected to wrap up in December 2023.
The Pentagon wants to buy more of Boeing's next-gen F-15 fighter jets in its 2021 budget request, but less money is earmarked for the Northrop B-21 and Lockheed F-35.
U.S. President Donald Trump's $740.5 billion defense budget request sent to Congress on Monday includes more money for nuclear weapons and a big boost to research and development spending to prepare for future warfare. The defense spending request contains the Pentagon's largest research and development budget in 70 years, a senior defense official said, as the military aims to build next generation capabilities to counter the growing strength of China and Russia. Within the Pentagon's competing priorities, the request for nuclear weapons modernization funds rose 18% compared to last year or $29 billion extra dollars, a second senior defense official said.
A Space Coast company was one of 40 awarded work as part of a $982 million U.S. Navy contract, the Department of Defense announced Feb. 5. Melbourne-based Reliable System Services Corp. will perform work for the Navy’s Unmanned Surface Vehicle Family of Systems, which is a program that produces autonomous boats used by the military branch. The Department of Defense did not specify how much of the work will be performed by Reliable System Services.
Northrop Grumman Corp. (NYSE: NOC) broke word late Wednesday that it had named David Keffer as its new chief financial officer, replacing Kenneth Bedingfield, who will step down Feb. 21. Keffer, who is currently a general partner at McLean investment firm Blue Delta Capital Partners, previously served as CFO for CSRA Inc. prior to its 2018 acquisition by General Dynamics Corp. (NYSE: GD), as well as its earlier iteration, SRA International.
Northrop Grumman Corp. said late Wednesday its board of directors has elected David F. Keffer the aerospace and defense company's corporate vice president and chief financial officer, effective Feb. 17. Keffer will report to Chief Executive Kathy Warden. He will succeed Kenneth L. Bedingfield, who will remain with the company until Feb. 21 "to facilitate a smooth transition," the company said. Shares of Northrop Grumman were flat in the extended session after ending the regular trading day up 1.7%.
Northrop Grumman has its hands in some of the biggest Pentagon contracts, including the B-21, and is looking to add more. So is NOC stock a good buy?
A defense contractor plans to move 230 employees to this Orlando business complex, which is increasingly in-demand among tech firms.
Goldman Sachs' double downgrade isn't typical. And the company's earnings report last week was better than expected. So what gives?
Northrop Grumman Corporation (NYSE:NOC) came out with its full-year results last week, and we wanted to see how the...
The Falls Church, Virginia-based defense contractor already has more than 3,000 Arizona employees, according to the company. Here's where they're hiring next in the Valley.
Northrop Grumman and Raytheon earnings were mixed Thursday after Lockheed Martin and General Dynamics topped views earlier this week.
With fiscal 2019 in the rearview, Northrop Grumman Corp. (NYSE: NOC) is ready to ramp up investment on a number of projects, namely the Ground-Based Strategic Deterrent contract for nuclear missile work. Northrop Chairwoman, President and CEO Kathy Warden said on the company’s fourth-quarter earnings call Thursday that executives are still anticipating an August award for the $85 billion Air Force contract — for which it is the lone prime contractor competing to replace 450 Minuteman nuclear missiles. “The Air Force has made it clear that GBSD needs to be in fielding in 2029 and that the time to do so is short,” she said.
The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon and U.S. allies around the world.
Shares of Northrop Grumman Corp. sank 2.1% in premarket trading Thursday after the aerospace and defense company reported an adjusted profit that beat expectations but revenue and 2020 guidance that was below forecasts. The company swung to a net loss of $409 million, or $2.43 a share, from income of $356 million, or $2.06 a share, in the year-ago period. Excluding non-recurring items, such as a mark-to-market pension charge of $1.4 billion, adjusted earnings per share came to $5.61, above the FactSet consensus of $4.77. Sales grew 7% to $8.72 billion, below the FactSet consensus of $8.85 billion. Aerospace sales rose 10% to $3.52 billion to match the FactSet consensus; mission systems sales increased 6% to $3.22 billion to come up shy of expectations of $3.29 billion; innovation systems sales grew 9% to $1.60 billion, above expectations of $1.56 billion; and technology services sales fell 4% to $1.02 billion to miss expectations of $1.07 billion. For 2020, Northrop expects adjusted EPS of $22.75 to $23.15, below the FactSet consensus of $23.18, and projects sales of $35.3 billion to $35.8 billion, compared with expectations of $36.0 billion. The stock has climbed 36.3% over the past 12 months through Wednesday, while the S&P 500 has advanced 22.1%.
General Dynamics beat Wall Street's fourth-quarter expectations, one day before Raytheon and Northrop Grumman report.