Northrop Grumman Secures $207 Million Contract Modification
Northrop Grumman (NOC) received a $207.89 million contract modification to extend logistics support services, increasing the total contract value to $596.01 million. The contract supports foreign military sales to countries like South Korea, Japan, and NATO members, with work scheduled through 2027. Despite a downgrade in price target by Citi, the firm maintains a Buy rating due to strong underlying demand.
Tickers: $NOC
Topics: defense contracts Northrop Grumman price target changes stock analysis