✨ Interesting opportunity, Northrop Grumman! 🚀
Northrop Grumman Corporation $NOC isa global leader in defense and aerospace technologies, headquartered in Falls Church, Virginia, USA. With more than 55 years of history in providing innovative solutions in electronic warfare, aerospace, space and cybersecurity, Northrop Grumman plays a key role in modernizing military capabilities and defending against global threats.
The company was recently awarded a prestigious $245 million contract to support SEWIP Block 3systems . This modification contract, for theSurface Electronic Warfare Improvement Program ("SEWIP") Block 3, was received from Naval Sea Systems Command in Washington, D.C.
The value of the contract is 244.7 million USD with an estimated completion date of April 2027. This modification allows the company to Northrop Grumman to begin production of electronic attack hemispherical systems SEWIP Block 3 and other hardware. The main part of the work will take place in Baltimore, MD.
With the growing threat of missile attacks around the world, the demand for effective electronic attack systems is increasing. The system SEWIP Block 3, which protects surface ships from anti-ship missiles, providing early detection, signal analysis and warning of threats, is a key element of the defense.
📈 The global electronic warfare systems market is expected to grow at a C AGR of 2023-2028, according to analysts 12,5 %. Northrop Grumman, with its long-term commitment to naval electronic warfare, is ideally positioned to benefit from this growth.
However, there is considerable competition in this sector too!
Lockheed Martin $LMT: Is a world-recognized leader in aerospace, defense and security technologies, focused on developing innovative systems. The company's stock has risen by 16 %.
General Dynamics $GD: Is a global defense contractor that specializes in the development and integration of advanced systems and technologies for military and commercial applications. With long-term earnings growth rates 12 %. Its stock has risen over the past year by 39,2 %.
Northrop's stock has been under pressure over the past year, losing ground to its peers 4,9 %!
What do you think of the company's stock and the arms industry in general, which is experiencing relatively strong growth?
I also think that the big growth is currently behind them. I wouldn't have a problem including a stock from this sector in my portfolio, so thanks for the tip😁
I think the arms companies have seen their business grow big. Now it's a question of keeping orders at some acceptable levels. The problem I see here (in the whole sector) is that it is mainly government contracts.