Northrop Grumman Corporation (NOC)’s XRQ-73 SHEPARD Uncrewed Aircraft Begins Flight Testing

Northrop Grumman Corporation (NYSE:NOC) is among the 9 Best Drone Stocks to Buy According to Wall Street Analysts. Last week, the company announced that its XRQ-73 hybrid electric uncrewed aircraft had started flight testing.

Northrop Grumman Corporation (NOC)'s XRQ-73 SHEPARD Uncrewed Aircraft Begins Flight Testing

The aircraft has been designed and made to advance propulsion technologies for the Defense Advanced Research Projects Agency (DARPA)’s SHEPARD program. The flight tests are being seen as a significant milestone for lightweight, unmanned aircraft.

According to the press release, XRQ-73’s hybrid electric propulsion system will offer efficient fuel consumption and lower emissions, alongside improved operational flexibility, which will aid in the future development of new aircraft designs.

In other news, Northrop Grumman Corporation (NYSE:NOC) continues to remain on analysts’ radar and currently sports a Moderate Buy rating, with an average share price upside potential of 33% as of the close of business on May 8.

Recent updates include J.P. Morgan analyst Seth Seifman, who on May 6 reiterated a Hold rating on the stock with a price target of $635, according to a report on TipRanks.

Northrop Grumman Corporation (NYSE:NOC) is one of the world’s largest defense contractors. It is engaged in the design, development, integration, and maintenance of advanced systems across aeronautics, space, defense electronics, and mission solutions.

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