Northrop Grumman stock gets a USD 123.8 million radar contract
Published on 09/28/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Northrop Grumman stock (ISIN US6668071029) was last at USD 510.52 on September 25, 2026, at 4:00 p.m. ET, up 0.30 percent on the NYSE. The latest contract adds USD 123.8 million of long-lead radar work to the defense contractor's order pipeline.
F-35 award supports radar production
According to HigherGov on September 27, 2026, Northrop Grumman Systems received a Navy contract worth up to USD 123.8 million for long-lead materials and components supporting 67 APG-85 production radars for the Air Force, Marine Corps and Navy.
The award covers inputs needed to protect the delivery schedule rather than completed radars, with work scheduled through February 2031. That distinction matters for investors because the contract improves production visibility, while revenue conversion depends on later manufacturing and delivery milestones.
Q2 results raised the bar
Northrop Grumman reported Q2 2026 revenue of USD 10.90 billion and diluted EPS of USD 7.68, according to Zacks. EPS exceeded the USD 6.84 consensus estimate by USD 0.84, while revenue increased 5.1 percent year over year.
Management's Q2 2026 outlook calls for fiscal-year sales of USD 43.75 billion-44.25 billion and adjusted EPS of USD 28.60-29.10. The earnings call also put the record backlog at USD 105.00 billion, up 17 percent year over year, showing the scale of future work but not guaranteeing near-term margins.
Bernstein cuts target to USD 620
On September 23, 2026, Bernstein lowered its Northrop Grumman price target from USD 653 to USD 620 and kept a Market Perform rating, as Yahoo Finance reported. The new target stands 21.45 percent above the September 25 price.
The next quantified checkpoint is the Q3 2026 earnings release scheduled for October 20, 2026, according to Zacks. The September 25 market snapshot showed a 52-week range of USD 479.02-774.00, market capitalization of USD 72.5 billion and volume of 533,341 shares.
Stock stays below its yearly high
Northrop Grumman stock was last at USD 510.52 on September 25, 2026, at 4:00 p.m. ET, with the NYSE session change at plus 0.30 percent. The combination of a large backlog, fresh radar funding and a lower analyst target leaves execution and margin delivery as the next measurable tests.
Northrop Grumman stock facts
- Company: Northrop Grumman Corporation
- ISIN: US6668071029
- Ticker: NOC
- Trading venue: NYSE
- Price (as of September 25, 2026, 4:00 p.m. ET): USD 510.52
- Market capitalization: USD 72.5 billion (as of September 25, 2026)
- 52-week range: USD 479.02-774.00 (as of September 25, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 20, 2026
