Summary
- In this article, I start by explaining why Northrop Grumman was made one of my largest positions, as it brings both growth and safety to one's portfolio.
- Northrop Grumman benefits from improved defense spending and its ability to deliver next-gen defense capabilities.
- While its yield is somewhat low, NOC is a phenomenal dividend growth stock set to accelerate revenue and free cash flow growth in the years ahead.
- Unfortunately, the valuation is lofty, making it important to buy the stock on weakness to avoid an unfavorable risk/reward.
For further details see:
Northrop Grumman: Buy The Next Correction