Northrop Grumman Stock Price, News & Analysis

Northrop Grumman Corporation (NYSE: NOC) has appointed Tom Wilson as corporate vice president and president of Space Systems, effective January 1, 2022. He succeeds Blake Larson, who will retire on February 4, 2022, after 40 years with the company. CEO Kathy Warden expressed confidence in Wilson's leadership, highlighting his extensive experience in national security, civil, and commercial space markets. Larson will assist in the transition until his retirement. Wilson, with 32 years in the space industry, joined Northrop Grumman in 2018 following the acquisition of Orbital ATK.

The board of Northrop Grumman Corporation declared a quarterly dividend of $1.57 per share on common stock. This dividend is payable on December 15, 2021, to shareholders of record as of the close of business on November 29, 2021. Northrop Grumman is focused on global security and innovation, employing approximately 90,000 individuals dedicated to solving complex challenges for the U.S. and its allies.

Northrop Grumman (NYSE: NOC) has announced an accelerated share repurchase (ASR) agreement with Goldman Sachs to buy back $500 million of its common stock, contributing to a total repurchase target exceeding $3.5 billion for 2021. Initial deliveries of approximately 1.2 million shares are expected on Nov. 3, based on a closing price of $354.85 on Nov. 1. The total shares will be finalized based on the average price during the ASR term, targeting completion in Q1 2022. This move is part of the company's ongoing efforts to enhance shareholder value.

Northrop Grumman (NOC) announced its third quarter 2021 financial results on October 28, 2021. The company continues to focus on global security and human discovery, emphasizing its mission to equip customers with essential capabilities. Northrop Grumman maintains a workforce of 90,000 employees dedicated to solving complex problems. Details of the earnings release can be found on their investor relations website, and a conference call was scheduled for 9 a.m. Eastern time to discuss the results.

Northrop Grumman Corporation (NYSE: NOC) is set to participate in Baird's 2021 Global Industrial Conference on November 9, 2021. The presentation will feature CEO Kathy Warden and CFO Dave Keffer at 9:05 a.m. Eastern time, available via live webcast. Northrop Grumman focuses on global security and innovation, employing 90,000 individuals to address complex challenges for its clients. The company also highlights that the conference may include forward-looking statements that carry inherent risks and uncertainties, which are detailed in its SEC filings.

Raytheon Missiles & Defense and Northrop Grumman completed the first flight test of a scramjet-powered Hypersonic Air-breathing Weapon Concept (HAWC) for the Defense Advanced Research Projects Agency and U.S. Air Force. The test validated HAWC's capabilities, reaching hypersonic speeds and enhancing national security. Colin Whelan of Raytheon stated this success paves the way for affordable hypersonic systems. Both companies are committed to accelerating the development of tactical missile systems through their teaming agreement.

Raytheon Missiles & Defense, in partnership with Northrop Grumman, has completed the first flight test of the HAWC hypersonic weapon for the U.S. Air Force and DARPA. The test demonstrated the weapon's capability to achieve and sustain hypersonic speeds, a vital enhancement for national security. This scramjet-powered missile, which can travel at Mach 5 or greater, signifies a major advancement in missile technology, enabling rapid strikes that can evade traditional defense systems. Both companies aim to deliver a prototype system, with significant implications for future combat capabilities.

Raytheon Missiles & Defense and Northrop Grumman successfully conducted the first flight test of the scramjet-powered Hypersonic Air-breathing Weapon Concept (HAWC) for the U.S. Air Force. This historic test, which validated HAWC's capability to reach hypersonic speeds (Mach 5+), paves the way for developing an affordable, long-range hypersonic system. This advancement is expected to strengthen national security and enhance warfighting capabilities by enabling hypersonic weapons to evade traditional defense systems.

Northrop Grumman (NYSE: NOC) announced that its third quarter 2021 financial results will be available on its investor relations website on October 28, 2021. The company will issue a notification of the earnings release, which will be filed with the SEC. A conference call to discuss the results will take place at 9:00 a.m. ET on the same day, featuring CEO Kathy Warden and CFO Dave Keffer. Replays will be accessible on the website, along with supplemental slides. Forward-looking statements in the release highlight potential risks and uncertainties for future performance.