<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Northrop Grumman CorpThe NOC's Northrop Grumman Systems Corp. has recently signed an $ 86.2 million contract to support the Starlite system. The contract was awarded by the US Army Contracts Command in Aberdeen Proving Ground, Maryland. The work related to the transaction is expected to be completed by January 31, 2023.

A brief note on the Starlite system

The Northrop Grumman Starlite system is a small, lightweight radar used for tactical operations. This compact radar system is ideal for equipping various platforms of aerial systems, whether manned or not, for critical tactical reconnaissance including all-weather surveillance, target detection and tracking, maritime search and detection. landed personnel. The Starlite system dramatically improves situational awareness on the battlefield and optimizes maneuvering the force and commitment to mission success.

Our point of view

Northrop Grumman's "Mission Systems" unit, which manufactures and provides technical services for its various radar systems, reported revenue of $ 2.91 billion for the third quarter of 2018, up 2.6% over one year. We believe that the last contract will enable this business unit to generate similar similar results in the coming quarters.

According to Markets and Markets Research, the global market for military radar systems is expected to reach $ 15.42 billion by 2022, with a CAGR of 3.38% over 2017. Such impressive projections should also benefit Northrop Grumman, which focuses on technological advances and modernization. its radar systems.

Price performance

Northrop Grumman shares declined by approximately 15.5% in one year, compared to 5.2% for the industry. Underperformance may have been caused by intense competition in the domestic and international markets. "Data-reactid =" 11 ">Northrop Grumman CorpThe NOC's Northrop Grumman Systems Corp. has recently signed an $ 86.2 million contract to support the Starlite system. The contract was awarded by the US Army Contracts Command in Aberdeen Proving Ground, Maryland. The work related to the transaction is expected to be completed by January 31, 2023.

A brief note on the Starlite system

The Northrop Grumman Starlite system is a small, lightweight radar used for tactical operations. This compact radar system is ideal for equipping various platforms of aerial systems, whether manned or not, for critical tactical reconnaissance including all-weather surveillance, target detection and tracking, maritime search and detection. landed personnel. The Starlite system dramatically improves situational awareness on the battlefield and optimizes maneuvering the force and commitment to mission success.

Our point of view

Northrop Grumman's "Mission Systems" unit, which manufactures and provides technical services for its various radar systems, reported revenue of $ 2.91 billion for the third quarter of 2018, up 2.6% over one year. We believe that the last contract will enable this business unit to generate similar similar results in the coming quarters.

According to Markets and Markets Research, the global market for military radar systems is expected to reach $ 15.42 billion by 2022, with a CAGR of 3.38% over 2017. Such impressive projections should also benefit Northrop Grumman, which focuses on technological advances and modernization. its radar systems.

Price performance

Northrop Grumman shares declined by approximately 15.5% in one year, compared to 5.2% for the industry. Underperformance may have been caused by intense competition in the domestic and international markets.

Zacks Rank and other actions to consider

Northrop Grumman is currently wearing a Zacks Rank # 2 (Buy).

AeroVironment, Inc., AVAV, Lockheed Martin Corp. LMT and The Boeing Company BA are some of the top ranked companies in the same industry.

While AeroVironment and Lockheed Martin have a Zacks # 1 ranking (strong buy), Boeing has a # 2 Zacks ranking. You can see the full list of Tier 1 stocks in today's Zacks. right here.

AeroVironment has had an average positive earnings surprise of 257.01% in the last four quarters. The Zacks consensus estimates for the 2019 fiscal year have risen 33.3% to US $ 1.48 in the last 90 days.

Lockheed Martin has announced an average positive earnings surprise of 13.92% over the past four quarters. The Zacks Consensus estimates for 2019 have increased by 2.47% to $ 19.42 over the last 90 days.

Boeing has announced a positive average earnings surprise of 28.01% over the last four quarters. The Zacks Consensus estimates for 2019 have increased by 4.53% to $ 19.42 over the past 90 days.

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