Northrop Grumman stock jumps nearly 5% as Trump’s $1.5 trillion defense-budget talk reshapes the trade
New York, Jan 10, 2026, 05:48 EST — Market closed Northrop Grumman Corp (NOC) shares ended Friday up 4.7% at $618.82, after swinging between $578.00 and $619.60 on the day. U.S. markets are closed on Saturday. The jump capped a volatile week for big defense contractors after U.S. President Donald Trump said the 2027 U.S. military budget should be $1.5 trillion, well above the $901 billion Congress approved for 2026. RBC Capital Markets analysts led by Ken Herbert said that could “offset negative investor sentiment” but “there is significant uncertainty” around the final defense budget. (Reuters) Policy risk is the