Northrop Grumman stock jumps nearly 5% as Trump’s $1.5 trillion defense-budget talk reshapes the trade
Northrop Grumman shares jumped 4.7% to $618.82 Friday, following U.S. budget signals and new missile-defense and propulsion contracts. Truist Securities downgraded the stock, citing valuation risks. President Trump’s executive order tied defense contractor payouts to weapons delivery, raising policy uncertainty. Investors await Northrop’s Jan. 27 earnings for updates on cash flow and dividends.