Updated
Updated · MarketWatch · Apr 30Northrop Grumman stock rises but trails RTX, Boeing and Lockheed Martin
6 articles · Updated · MarketWatch · Apr 30
- Shares gained 1.24% to $579.48 on Thursday, while RTX rose 1.90%, Boeing 2.20% and Lockheed Martin 1.60%.
- The broader market also advanced, with the S&P 500 up 1.02% to 7,209.01 and the Dow Jones Industrial Average up 1.62% to 49,652.14.
- Northrop closed 25.13% below its 52-week high of $774 reached on 3 March, and trading volume of 646,781 was below its 50-day average of 851,884.
With a record $96 billion backlog, why does Northrop Grumman's stock still lag behind its main competitors? Can a record defense budget help Northrop overcome its bomber's zero-margin problem and rising program costs? How will the government's ban on AI firm Anthropic reshape the entire defense industry's innovation and partnerships?