Northrop Grumman stock slips 1.96% and underperforms competitors
Updated
Updated · MarketWatch · May 1
Northrop Grumman stock slips 1.96% and underperforms competitors
8 articles · Updated · MarketWatch · May 1
Shares closed at $568.14 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Northrop Grumman ended 26.60% below its 52-week high of $774.00 reached on 3 March.
It lagged RTX, Boeing and Lockheed Martin, while trading volume of 642,080 shares was 198,906 below its 50-day average.
With Northrop Grumman ramping up B-21 spending, is short-term market skepticism missing the potential for massive long-term gains as global defense spending soars?
Can Northrop Grumman overcome fixed-price contract risks and supply chain challenges to deliver next-gen platforms like the B-21 and F/A-XX on schedule and profitably?