13 Best Aerospace and Defense Stocks to Invest in Now

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3. Northrop Grumman Corporation (NYSE:NOC)

Analyst Upside Potential: 12.65%

Number of Hedge Fund Holders: 54

Northrop Grumman Corporation (NYSE:NOC) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 24, Northrop Grumman Corporation (NYSE:NOC) announced signing a Memorandum of Understanding (MOU) with the Ministry of Defence and Ministry of Finance of the Republic of Lithuania to expand the co-production of medium-caliber ammunition.

The agreement formalizes the intent to collaborate more closely on producing medium-caliber ammunition, which is critical for military operations. It aims to enhance Lithuania’s industrial capabilities in ammunition manufacturing, helping develop local expertise and technology. Dovile Sakaliene, defense minister of Lithuania noted that by producing ammunition locally, Lithuania can better maintain its military stockpiles and strengthen supply chains, which is crucial for national defense and NATO commitments.

Northrop Grumman Corporation (NYSE:NOC) is a leading aerospace and defense technology company that manufactures advanced technology and equipment for the military and space.

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