Added to YB: 2026-07-27
Pitch date: 2026-07-23
NOC [neutral]
Northrop Grumman Corporation
Author Info
Company Info
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally.
Market Cap
$75.8B
Pitch Price
N/A
Price Target
788.00
Dividend
1.85%
EV/EBITDA
11.57
P/E
16.94
EV/Sales
2.10
Sector
Aerospace and Defense
Category
special_situation
Northrop Grumman (NOC) — Q2 2026 Results
NOC (earnings): Q2 record $104.7B backlog (+17% YoY), 1.84x book-to-bill, 2nd guide raise (EPS $28.60-29.10). But EPS beat flattered by 6.3% tax rate; $159M EAC charges (SiAW, GEM) cut Space margins; buybacks -92%. De-rated to 18.4x on Iran ceasefire, not fundamentals. Binary Aug F/A-XX down-select vs Boeing (~$10-15B) unpriced. Base $680 (~9%/yr), bull $788 (14%), bear $450 (-5%). Medium-conviction catalyst play.
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