What You Need to Know About Northrop Grumman’s B-21 Raider
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Deutsche Bank Reiterates Hold Rating on Northrop Grumman (NOC)
June 20, 2024 5:17 AM EDTDeutsche Bank analyst Scott Deuschle reiterated a Hold rating and $474.00 price target on Northrop Grumman (NYSE: NOC).
The analyst comments "On Tuesday after market close, Northrop Grumman issued a press release that clarified the number one question we've received from investors over the last several weeks on the company: how many B-21 aircraft DoD will be purchasing across the first 5 LRIP lots. That quantity is 21 aircraft across those 5 lots, rather than the 40 that some investors had surmised. However, the company also noted that it has established not-to-exceed (read: capped) pricing on... More
