Financial News Discussion of NOC - Northrop Grumman Corporation on Mad Money

Financial News for Northrop Grumman Corporation (NOC)

NOC	2/9/2010 1:11PM	52 Week Price Range	Market Capitalization	Dividend Yield	Recent Dividend
NOC	$59.46	$33.81 — $60.39	$18.2 Billion	3.00%	$1.69

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Northrop Grumman Corp. was discussed on Mad Money which was originally produced by CNBC on 10/26/2009

There was a discussion about Northrop Grumman Corporation on Mad Money and RazorWire has captured an important portion of the story below.

Northrop Grumman Corporation is in the news. Find out how this impacts NOC trading on Ockham Research.

Our number one best-seller just because lockheed martin is getting hurt by the pentagon's priority shift, though, doesn't mean the whole industry should be shunned. And it was tarred and feathered because of this one company. The day after lock nooed disappointed NORTHROP GRUMMAN came out with a solid beat and a really nice outlook. The difference is stark. Lockheed seems to be losing programs left and right. NORTHROP GRUMMAN won $10 billion of contracts in the third how about this? Its backlog increased to 71.5 its book to bill ratio, which tells us whether or not the company has more orders than it can deliver, came in at 1.15. Anything above 1 is terrific. It means it's got more demand than it can handle. Lockheed's, by contrast, was .7. Wow. Hey, by the way, this doesn't include NORTHROP GRUMMAN's high-profile 3.8 billion ac-10 air to air tanker maintenance contract it won, displacing boeing just before the quarter. This is all about what the pentagon wants. And NORTHROP GRUMMAN has it and northrop is getting tons of new a $2.4 billion contract to overhaul the "uss teddy roosevelt. 3 billion for maintenance of the common ground system. 150 million for lighting targeting and sensor systems. All of NORTHROP GRUMMAN systems did well. Aerospace systems up 5%. Electronic systems up 2%. Information systems and technical up 4% and ship building up 14%. In the past NORTHROP GRUMMAN has been among the worst of the defense contractors, a company plagued by pension problems and crummy execution. Amazingly now it's lockheed martin with the pension problem and NORTHROP GRUMMAN indicated it made a last sizable pension contribution for a while. Over the last decade this company has shifted its focus to electronics information intelligence which fits with the pentagon's new buying

“ppointed NORTHROP GRUMMAN came out with a solid beat and a really nice outlook. The difference is stark. Lockheed seems to be losing programs left and right. NORTHROP GRUMMAN won $10 billion of contracts in the third how about this? Its backlog increased to 71.5 its book to bill ratio, which tells us whether or not the company has more orders than it can deliver, came in at 1.15. Anything above 1 is terrific. It means it's got more demand than it can handle. Lockheed's, by contrast, was .7. Wow. Hey, by the way, this doesn't include NORTHROP GRUMMAN's high-profile 3.8 billion ac-10 air to air tanker maintenance contract it won, displacing boeing just before the quarter. This is all about what the pentagon wants. And NORTHROP GRUMMAN has it and northrop is getting tons of new a $2.4 billion contract to overhaul the "uss teddy roosevelt. 3 billion for maintenance of the common ground system. 150 million for lighting targeting and sensor systems. All of NORTHROP GRUMMAN systems did well. Aerospace systems up 5%. Electronic systems up 2%. Information systems and technical up 4% and ship building up 14%. In the past NORTHROP GRUMMAN has been among the worst of the defense contractors, a company plagued by pension problems and crummy execution. Amazingly now it's lockheed martin with the pension problem and NORTHROP GRUMMAN indicated it made a last sizable pension contribution for a while. Over the last decade this company has shifted its focus to electronics information intelligence which fits with the pentagon's new buying ” Mad Money Oct 26, 2009 6:36 PM

Some important items we've observed:

NOC has seen an increase in price by 13.78% since this commentary appeared on CNBC's Mad Money.
Please visit the Mad Money recap page for all the slices of the 25 stocks mentioned on just this one episode of the show.
NOC was mentioned 4 times on this episode alone, so visit the Mad Money recap page for more information on other topics covered.
Besides Northrop Grumman Corporation's mention on Mad Money it's also been discussed 20 times on various other business shows since then. You can also catch up on All financial news for Northrop Grumman Corporation.
Interestingly, Apple, Incorporated is the most often mentioned stock on Mad Money, over the last 2 weeks.