#2 - Northrop Grumman (NYSE:NOC)
Northrop Grumman Corp. (NYSE: NOC) is one of the world’s largest defense contractors. It’s also on the leading edge of drone technology. The company’s drone solutions range in applications from unmanned aerial vehicles and underwater mine-hunting systems to defense readiness targets.
One of the best examples of the company’s drone solutions is the MQ-4C Triton, which the United States and Australia use to conduct reconnaissance operations over oceans and coastal areas. Another example is the RQ-4 Global Hawk, which is used by the U.S. Air Force and can operate continuously for over 30 hours. The company also uses its Blue Labs as an incubator of ideas for expanding the applications for this technology.
As of this writing, NOC stock is trading at $537.37, which puts it near the top of its 52-week range. Analysts have a consensus Hold on the stock. But on August 9, approximately two weeks after the company’s second quarter earnings report, Morgan Stanley raised its price target on NOC stock to $592, a bullish 20.4% gain.
About Northrop Grumman
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
Read More - Current Price
- $537.43
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $523.20 (2.6% Downside)
