How New Missile and Air Defense Test Milestones At Northrop Grumman (NOC) Have Changed Its Investment Story
"...To own Northrop Grumman, you need to believe that demand for advanced missiles, autonomous systems and integrated air and missile defense will support a long pipeline of funded programs, even as budgets and politics shift. The SiAW and IBCS test successes reinforce the near term catalyst around ramping integrated weapons and battle management systems, but they do little to reduce the core risk that a handful of very large U.S. programs and capital intensive projects still dominate the company’s outlook. The IBCS cruise missile interception test is particularly relevant here, because..."
Reference: finance.yahoo.com .
