Northrop Grumman (NOC) Stock: Zacks Says It’s a Value Play After Fresh Army Contract
TLDR
- Northrop Grumman received a $158.8 million contract modification from the U.S. Department of War
- The contract is numbered W58RGZ-26-C-0009 and covers definitization of an existing agreement
- Work will be performed at Northrop’s Rolling Meadows, Illinois facility
- Funding comes from Fiscal 2026 revolving funds, fully obligated at award
- Zacks rates NOC as a strong value stock with favorable Style Scores
Northrop Grumman (NOC) received a $158.8 million contract modification from the U.S. Department of War on August 13, 2026. NOC stock was up 0.64% on the day.
Northrop Grumman Corporation, NOC
The modification, valued at exactly $158,831,128, falls under contract number W58RGZ-26-C-0009. It covers the definitization of an existing contract between Northrop and the Department of War.
Definitization is the process of finalizing the terms, price, and conditions of a previously undefinitized contract action. In short, this moves the contract from a provisional to a fully locked-in agreement.
All work under the modification will be carried out at Northrop’s Rolling Meadows, Illinois facility. The contract carries a completion date of August 13, 2026.
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