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RTN - Northrop Grumman: Immunity From The Coronavirus With A Lower Valuation
Raytheon Company
Most of the defense-related companies have a positive future outlook. This is a result of the steady expected annual growth of about 3% through 2023 for U.S. defense spending. The company that I'm focusing on in this article is the global security firm Northrop Grumman (NOC).
Northrop looks like a solid investment due to its backlog growth of 21% in 2019 over the prior year. Bookings increased at a strong pace at 66% over the same time period. Northrop tends to be awarded lucrative contracts on an ongoing basis, which drives this growth,