Northrop Grumman Shares Up 28% YTD With Its Biggest Upside Not Yet in Guidance

Northrop Grumman Shares Up 28% YTD With Its Biggest Upside Not Yet in Guidance

Quick Read Northrop Grumman (NOC) signed an Air Force contract to accelerate B-21 bomber production with funding approved via reconciliation, representing unpriced upside not yet included in 2026 guidance that will ramp meaningfully in 2027 and 2028. Q4 2025 revenue reached $11.7B up 9.6% year-over-year with record backlog of $95.7B and free cash flow of $3.235B up 84%. The Air Force’s strongest defense spending environment in years is validat…