Defense SpendingAnalyst believes DOGE related fears are overblown, as the threat level remains elevated and U.S. Defense/NATO defense spending will continue to rise.
Financial PerformanceNOC raised 2024 EPS guidance by ~$0.75, driven by stronger margin expectations at Aeronautics and Space Systems and a mix of non-operating items.
Program Stability And GrowthNOC's anchor nuclear triad B-21 Raider and Sentinel GBSD programs will provide stability and growth, augmented by robust missile/munition demands.