Northrop Grumman teams with Barrett on PGS: TD Cowen cuts target for Northrop Grumman stock
Published on 10/14/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDefense program and analyst target
- Northrop Grumman and Barrett signed a PGS agreement on October 12, 2026 for a 25 mm launcher.
- TD Cowen set a USD 540.00 target on October 9, 2026 after a USD 590.00 target.
- Northrop Grumman stock traded at EUR 430.25 at 10:38 a.m. CEST at Lang & Schwarz on October 14, 2026.
- Third-quarter results are scheduled for October 20, 2026 at 9:30 a.m. EDT.
Northrop Grumman (ISIN US6668071029) and Barrett Firearms entered a teaming agreement on October 12, 2026, to produce the weapon portion of the 25 mm Precision Grenadier System. MarketScreener reported that Barrett will manufacture the launcher and integrate the inductive setter, while Northrop Grumman continues the ammunition and prototype work. The agreement gives the stock a concrete program update as the company prepares for third-quarter results.
Three dated defense milestones
On July 21, 2026, Northrop Grumman reported second-quarter revenue of USD 10.88 billion and diluted earnings per share of USD 7.68. The quarter also produced USD 20.00 billion in awards and lifted backlog to USD 105.00 billion, according to the Yahoo Finance transcript.
On September 17, 2026, the company announced its third-quarter reporting date and conference call. On October 12, 2026, the Barrett agreement added a 25 mm weapon system to the recent program timeline, with Barrett assigned serial production and Northrop Grumman responsible for prototype and ammunition development.
What does the target cut signal?
MarketBeat reported on October 9, 2026 that TD Cowen cut its target from USD 590.00 to USD 540.00 and kept a hold rating. The change contrasts with the second-quarter operating figures, where revenue increased 5.00 percent year over year and diluted earnings per share reached USD 7.68.
The financial backdrop still includes updated 2026 guidance for sales of USD 43.75 billion to USD 44.25 billion and mark-to-market adjusted earnings per share of USD 28.60 to USD 29.10, as described in the second-quarter transcript. That combination puts execution and program costs alongside the PGS announcement in the investor discussion.
Results date sets the next marker
Northrop Grumman's investor-relations calendar schedules the third-quarter 2026 earnings conference call for October 20, 2026 at 9:30 a.m. EDT. The company last reported second-quarter results on July 21, 2026, when revenue stood at USD 10.88 billion and backlog reached USD 105.00 billion.
Stock price in trading
Northrop Grumman stock was trading at EUR 430.25 at Lang & Schwarz on October 14, 2026 at 10:38 a.m. CEST. The NYSE-listed company had a market capitalization of USD 68.4 billion as of October 13, 2026, while its USD 470.06 to USD 774.00 52-week range provides separate U.S.-market context.
The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.
Northrop Grumman stock facts
- Company: Northrop Grumman Corporation
- ISIN: US6668071029
- Ticker: NOC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 10:38 a.m. CEST): EUR 430.25
- Market capitalization: USD 68.4 billion (as of October 13, 2026)
- 52-week range: USD 470.06-774.00 (as of October 13, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: S&P 500
- Next earnings date: October 20, 2026
Market context: Market report S&P 500.
