FALLS CHURCH, Va. - Northrop Grumman Corporation (NYSE: NYSE:NOC), a global leader in aerospace and defense technology, announced today that it will present at the Baird 2024 Global Industrial Conference. The company's Chair, CEO and President Kathy Warden is scheduled to speak on Wednesday, November 13 at 10:05 a.m. Eastern time. The presentation will be available through a live webcast on the company's investor relations website.
Northrop Grumman is recognized for providing advanced solutions that support its customers in critical missions for defense, security, and space exploration. The company emphasizes its commitment to addressing complex challenges and advancing technological frontiers.
The upcoming conference presentation may include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections about future events. Northrop Grumman notes that such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements.
The company has stated that it does not intend to update any forward-looking statements publicly following the conference, except as required by law. Potential investors and interested parties are directed to Northrop Grumman's filings with the Securities and Exchange Commission for a detailed discussion of risks and uncertainties.
This announcement is based on a press release statement from Northrop Grumman and contains no promotional content. The information provided is intended to inform stakeholders and the public about the company's participation in the upcoming industry event.
In other recent news, Northrop Grumman has drawn attention with its strong third-quarter performance, which featured a 6% year-to-date revenue growth and a 13% increase in earnings per share from the previous year's third quarter. Investment banking firms Jefferies, Susquehanna, and UBS have positively revised their outlooks on Northrop Grumman's shares following these results. Jefferies raised the stock's price target to $550, while Susquehanna increased its price target to $625, and UBS raised the price target to $643.
Despite some challenges in the Space sector, Northrop Grumman's future outlook remains positive. The company expects a sales increase of 3-4% in 2025, focusing on international markets and new development programs. The B-21 program and the Sentinel contract remain high-priority programs and key growth drivers for the company.
These recent developments underline Northrop Grumman's strong position in the defense industry. The company's solid performance and positive financial projections for the coming years reflect its strategic focus on operational improvement and capital deployment. Despite the challenges presented by supply side factors, Northrop Grumman's financials are expected to show significant growth, particularly in terms of free cash flow per share.
InvestingPro Insights
To complement Northrop Grumman's upcoming presentation at the Baird 2024 Global Industrial Conference, investors may find value in recent financial metrics and analyst insights. According to InvestingPro data, Northrop Grumman boasts a substantial market capitalization of $73.83 billion, reflecting its significant presence in the aerospace and defense sector. The company's revenue for the last twelve months as of Q3 2024 stood at $40.98 billion, with a modest growth of 5.95% over the same period.
InvestingPro Tips highlight Northrop Grumman's strong dividend history, having raised its dividend for 20 consecutive years and maintained payments for 54 years. This consistent dividend policy aligns with the company's stable financial position and long-term commitment to shareholder returns. Additionally, Northrop Grumman is noted for generally trading with low price volatility, which may appeal to investors seeking stability in the defense sector.
For those interested in a deeper analysis, InvestingPro offers 11 additional tips on Northrop Grumman, providing a comprehensive view of the company's financial health and market position. These insights could be particularly valuable for investors looking to contextualize the information presented at the upcoming conference.
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