Northrop Grumman Corporation
) was awarded a $29.7 million firm fixed price contract
modification to exercise the option to extend services for six
months of fiscal year 2013 in support of the C-20 Contractor
Logistics Support contract. This effort includes depot
maintenance; contractor operated and maintained base supply, and
flight line maintenance and field team support. Work is to be
completed by March 30, 2013. The contracting activity is
Tinker Air Force Base, Oklahoma.
GENL DYNAMICS (GD): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
To read this article on Zacks.com click here.
Falls Church, Virginia-based Northrop Grumman Corporation is one of
the largest defense contractors in the U.S. The company supplies a
broad array of products and services to the U.S. Department of
Defense including electronic systems, information technology,
aircraft, space technology, and systems integration services. The
positive case for Northrop Grumman stems from revenue growth across
the board and a broad diversification of programs.
Northrop Grumman offers a strong program portfolio positioned to
take advantage of focus areas in the defense space, an improving
balance sheet and an ongoing share repurchase program. Also, its
product line in high priority categories, such as defense
electronics, unmanned aircraft and missile defense, gives Northrop
Grumman an edge over competition.
Northrop Grumman's backlog is expected to see further upside in the
near future through unmanned aerial vehicle (UAV) platforms,
including Broad Area Maritime Surveillance (BAMS), Fire Scout and
Navy Unmanned Combat Air System (UCA).
Going forward, Northrop Grumman offers a strong program portfolio
positioned to take advantage of focus areas in the defense space,
an improving balance sheet and an ongoing share repurchase program.
In July 2012, Northrop reported second-quarter 2012 results.
Adjusted earnings per share of $1.79 easily surpassed the Zacks
Consensus Estimate of $1.61 and the year-ago figure of $1.59. Sales
for the reported quarter decreased 4.4% to $6.27 billion from $6.56
billion in the year-ago quarter. However, revenues beat the Zacks
Consensus Estimate by $89 million.
The company presently retains a short-term Zacks #2 Rank (Buy). We
have a long-term Outperform recommendation on the stock. Some of
its main competitors are
General Dynamics Corporation
Lockheed Martin Corporation