Northrop Grumman Corp. (NOC) has disclosed a new risk, in the Employment / Personnel category.
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Northrop Grumman Corp. faces a significant risk related to its ability to attract and retain a qualified workforce, which is crucial for maintaining its competitive position and meeting customer needs. The company is increasingly competing with both traditional defense and commercial companies for talent, especially in science, technology, engineering, and math fields. The scarcity of qualified personnel, coupled with challenges in obtaining necessary security clearances, could lead to higher labor costs and operational inefficiencies. Additionally, potential difficulties in renewing collective agreements with employees could result in work stoppages and further impact the company’s financial performance and operational outcomes.
The average NOC stock price target is $538.00, implying 10.41% upside potential.
To learn more about Northrop Grumman Corp.’s risk factors, click here.
