NYSE:NOCAerospace & Defense
Does Northrop Grumman’s Chip Output Expansion Signal More Room for Shares to Grow?
If you have been eyeing Northrop Grumman, you are in good company. The stock has been grabbing attention for its impressive run over the last few months. With a year-to-date return of about 27% and a 90-day gain of 25%, it is fair to ask if the market is finally catching up to Northrop's prospects, or if there is more room to grow, or perhaps risks to consider.
Recent news has fueled the conversation around NOC. The company announced plans to quadruple its chip output by 2030, signaling...