Analysis of Northrop Grumman: A perfectly balanced arms giant?

An arms giant that by its nature offers the perfect defensive combination for investors. It's just that he's getting paid for his reliability, and it's just a matter of whether the investor will accept that price.

Northrop Grumman $NOC is an American defense and security company based in Falls Church, Virginia. It is one of the largest defense companies in the world, providing products and services for the defense of the United States and its allies.

In 2018, Northrop Grumman had revenue of $30.1 billion, operating profit of $5.1 billion, and pre-tax profit of $4.4 billion. It has approximately 85,000 employees and supplies key systems and products to the U.S. armed forces, including the B-2 Spirit and B-21 Raider bombers, F-35 Lightning II fighter jets, Tomahawk missiles, spacecraft and satellites.

The company is organized into four business segments:

1. Aeronautics Systems: In this segment, Northrop Grumman manufactures and supplies aircraft and aeronautical systems for combat, strategic…