Northrop Grumman (NOC) Declares $1.20 Quarterly Dividend; 1.8% Yield

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Northrop Grumman (NOC) PT Lowered to $318 at Morgan Stanley

November 14, 2018 7:37 AM EST

Morgan Stanley analyst Rajeev Lalwani lowered the price target on Northrop Grumman (NYSE: NOC) to $318.00 (from $346.00) while maintaining a Equalweight rating.

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Pentagon expects next big F-35 contract in spring 2019

November 13, 2018 11:40 AM EST

BERLIN (Reuters) - The U.S. Defense Department expects to award Lockheed Martin Corp (NYSE: LMT) an interim contract for a 12th batch of F-35 fighter jets "very shortly" and finalize the deal by next spring, the Pentagon's chief arms buyer Ellen Lord said.

When completed, the deal will mark another step forward for the world's biggest weapons program after years of turmoil, cost overruns and schedule delays.

Belgium last month picked the aircraft over the Eurofighter Typhoon as replacement for its aging F-16s, agreeing a 4 billion... More