Northrop Grumman Wins $508.5M Missile Defense Test Support Contract
NOC is trading near its 52-week low of $479.02 (7.7% above the low).
Summary
Northrop Grumman Systems received a $508.5 million contract from the Missile Defense Agency for flight test support of IRBM/ICBM targets and integrated logistics for government-furnished equipment. Work spans Chandler, AZ; Corinne, UT; and Elkton, MD, with performance from September 2026 through August 2035. Only $8.8 million is obligated now, so near-term revenue impact is modest, but the award adds to a string of recent defense wins, including an $862.8 million contract reported yesterday and a $1.19 billion E-2D order in July. The long performance period and test-support scope reinforce Northrop's role in missile defense testing infrastructure.
At the time of this announcement, NOC was trading at $515.75 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $73.2B. The 52-week trading range was $479.02 to $774.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.