2024-07-22 02:05:13 ET
Summary
- Northrop Grumman to report Q2 earnings, with expectations of slowdown in key growth programs and pressure on margins from fixed-cost contracts.
- Signs of emerging growth areas internationally, with potential for increased contracts in Europe and focus on high-end threats like missiles and drones.
- Valuation indicates capped upside, with expectations of 4.5% CAGR in sales and 16-17% CAGR in operating income over the next three years.
Investment Thesis
Northrop Grumman ( NOC ) is set to report its Q2 FY24 earnings report this Thursday, July 25th, before markets open....
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Northrop Grumman Q2 Preview: The Wait For Growth Catalysts Continues