Why Northrop Grumman Stock Rallied Today
Shares of Northrop Grumman (NYSE:NOC) rose more than 4% on Tuesday after the aerospace giant highlighted the rising demand for its national security-related products.
The B-21 Raider. Image source: Northrop Grumman.
Northrop’s sales grew 7% year over year to $11.1 billion in the third quarter. Growth was driven by a 14% jump in aeronautics systems revenue to $3.6 billion and a 12% rise in defense systems sales to $2.3 billion.
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