NYSE:NOCAerospace & Defense
Northrop Grumman Torpedo Deal Highlights Backlog Strength And Valuation Debate
Northrop Grumman (NYSE:NOC) secured a US$233 million contract with the US Navy and Australian Defense Force for advanced lightweight torpedoes.
The deal focuses on accelerating design and manufacturing using the company’s existing technology expertise.
This contract arrives as Northrop Grumman reports a record backlog above US$95b and highlights strong cash flow growth.
The company is also planning accelerated production of its B-21 bomber program alongside broad-based expansion across its...