Northrop Grumman Corp

NOC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$336.00	Xdcfd	Dkcndnzrj

Northrop Earnings: Solid Performance and Firmer Profit Projections; Fair Value Up $8 to $563

Nicolas Owens

Jul 25, 2024

Northrop Grumman reported second-quarter 2024 results very close to our expectations, and management again tweaked this year's sales and profit guidance slightly upward. We didn't change our long-term forecasts, and the time value of money added $8 to our fair value estimate, which is now $563 per share.

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