Hints and tips:
...US defence group Northrop Grumman has pulled out of the first stage of a competition to build a new generation of satellites for UK’s armed forces, leaving just one shortlisted contender for the tender....
...US aerospace and defence group Northrop Grumman has raised its 2023 sales guidance by $400mn as global demand for its weapons grows....
...The tender for the latter is already under way and Airbus, which had already teamed with Northrop Grumman for this contract, has been shortlisted alongside Thales....
...The US government is a significant part of their businesses, accounting for 86 per cent of Northrop Grumman’s revenues and nearly three-quarters of Lockheed’s sales in 2023....
...Share moves to note on major US indices include American Airlines, Northrop Grumman, and United Healthcare: American Airlines shares jumped 10.6 per cent after it forecasted 2024 profits above Wall Street...
...US aerospace and defence group Northrop Grumman has raised its full-year sales outlook on increased worldwide weapons demand....
...Northrop Grumman is up 15 per cent. L3Harris Technologies is 7 per cent higher....
...Other companies: Telecommunications company Comcast, renewable energy group NextEra Energy, and defence contractor Northrop Grumman report earnings before the bell....
...Consolidation in the industry has left just two in the US — Aerojet, which was bought by L3Harris last year — and Northrop Grumman....
...Wall Street’s benchmark S&P 500 lost 0.3 per cent, though defence companies Northrop Grumman and General Dynamics rose 8.7 per cent and 5.6 per cent, respectively....
...Lockheed Martin jumped almost 5 per cent, RTX Corp, formerly Raytheon Technologies, rose 4.5 per cent, Northrop Grumman increased 4.3 per cent and General Dynamics was up 3.2 per cent....
...Other earnings: Merck, Bristol Myers Squibb, UPS, Northrop Grumman, Honeywell, Altria, Hershey, Mastercard and Royal Caribbean report earnings before the opening bell....
...The missiles are built by US defence contractor Lockheed Martin, using rocket motors from rival Northrop Grumman....
...Northrop Grumman makes military aircraft such as the F-5 Tiger fighter jet and B-2 stealth bomber....
...Several airline carriers, including American Airlines and Southwest Airlines also report, as do Comcast, Northrop Grumman and Intel....
...Grumman Q4, Southwest Airlines Q4, St James’s Place FY new business announcement, STMicroelectronics Q4, Union Pacific Q4, Visa Q1, Wizz Air Holdings Q3, Workspace Group Q3 trading update Friday Japan...
...Other earnings: Aerospace and defence contractor Northrop Grumman, payments processor Mastercard, pharmaceutical company Bristol-Myers Squib, confectioner Hershey, cruise line Royal Caribbean, industrials...
...Poongsan is followed by US defence group Northrop Grumman and India’s industrial conglomerate Larsen & Toubro....
...Of the five biggest US defence contractors all declined, shares of Lockheed Martin, Northrop Grumman, Raytheon Technologies, and General Dynamics all down between 1 and 2 per cent....
...Northrop Grumman shares fell more than 5 per cent in pre-market trading after the US aerospace and defence company missed estimates for third-quarter earnings because of supply chain problems....
...Northrop Grumman’s stock was up 10 per cent from the start of the war through June 23....
...Shares in Lockheed, RTX, Northrop Grumman and General Dynamics — four of the Pentagon’s big contractors — have risen sharply since Hamas’s attack on October 7....
...Earnings: Amazon, Merck, Bristol Myers Squibb, UPS, Northrop Grumman, Honeywell, Altria, Hershey, Mastercard and Royal Caribbean report earnings before the opening bell....
...Northrop Grumman has been reassessing its portfolio as global defence priorities have shifted....
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