Goldman Sachs trimmed its price target for Northrop Grumman Corp. (NYSE:NOC) to $533 even as the company presses growth—breaking ground on a 1.1M+ sq ft Roy Innovation Center for the Sentinel ICBM program (due 2028) and expanding NATO’s MQ‑4C Triton fleet to boost ISR and maritime surveillance.
Previous Week Recap
- Goldman Sachs Lowers NOC Target: Goldman Sachs lowered Northrop Grumman (NOC) price target to $533 from $603. No timing, rationale, earnings, guidance, or analyst rating details were provided.
- NOC Builds Roy Innovation Center: Northrop Grumman (NOC) began construction on a Roy Innovation Center building to support the Sentinel ICBM program; campus to exceed 1.1M sq ft, finish by 2028, adding hundreds of jobs.
- NOC MQ-4C Triton Fleet Expansion: Northrop Grumman expanded NATO’s MQ-4C Triton fleet, boosting ISR and maritime surveillance, reconnaissance and early-warning capabilities relevant to NOC traders.
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