Northrop Grumman Corporation – Top Defense Stocks To Invest
You may recognize Northrop Grumman as a well-known defense company with important weapons that it supplies to the US Air Force. These include the B2 stealth bomber and the currently used F-35 aircraft. Northrop Grumman is also well-known for its radar products. The defense industry is an interesting one because there are plenty of activities taking place on the geopolitical front. A lot of it revolves around China and the Asian region. Quite a bit of emphasis is also being placed on naval power. Northrop Grumman is known for making navigation systems and submarine torpedoes. The next frontier for warcraft is space and Northrop Grumman has a division that caters to space-related defense as well. So, if you are looking to buy defense stocks today, then companies like Northrop Grumman could be part of a shortlist.
Northrop Grumman Business Background
Northrop Grumman was founded in California in 1939. It is more than 80 years old and has a long track record of dealing with the US Department of Defense as well as foreign governments. Northrop Grumman has four reportable segments. The first one is Aeronautics Systems headquartered in Palmdale, California. The second is Defense Systems headquartered in McLean, Virginia. The third is Mission Systems headquartered in Linthicum, Maryland. And the fourth is Space Systems headquartered in Dulles, Virginia. You may be wondering why Virginia is the home of 3 out of the 4 reportable segments of Northrop Grumman Group. The reason is the state’s proximity to Washington DC. It is where the government ecosystem is based and the US government is among the largest clients for Northrop Grumman. If you are looking for top defense stock to invest in, then companies with experience in government contracts should form a part of your shortlist.
Buy Defense Stocks Today
Northrop Grumman’s stock has been moving sideways since May 2021. It has more or less remained around the $360-$370 level during the second half of 2021. The one-year return of the stock, as measured in early December 2021 is about 18.9%.