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NOC

Northrop Grumman

$217.68

0.83 (0.38%)

14:05
10/13/16
10/13
14:05
10/13/16
14:05

Northrop Grumman unit to supply air traffic control upgrade across South Africa

Northrop Grumman's U.K. subsidiary Park Air Systems will supply air traffic control communication systems equipment in a nationwide upgrade across South Africa. The contract will utilize the Park Air T6 Radio, with more than 550 VHF units deployed to 50 sites. Other system elements will include Park Air's remote control and monitoring system, multi-access remote control server, integrated cabinets, cavity filters and controllers. The installation sites will include South Africa's major airports, O.R. Tambo International Airport in Johannesburg and Cape Town International Airport. Combined, more than 27 million passengers fly through these two airports each year.

  • 26

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  • 17

    Nov

NOC Northrop Grumman
$217.68

0.83 (0.38%)

05/31/16
BOFA
05/31/16
NO CHANGE
Target $240
BOFA
Northrop Grumman price target raised to $240 from $210 at BofA/Merrill
08/25/16
JPMS
08/25/16
DOWNGRADE
JPMS
Neutral
Northrop Grumman downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Seth Seifman downgraded Northrop to Neutral and raised its price target to $231 from $225. The analyst recommends taking profits on shares and said cash flow estimates are below consensus due to capex projections.
08/25/16
08/25/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Northrop Grumman (NOC) downgraded to Neutral from Overweight at JPMorgan with analyst Seth Seifman saying he recommends taking profits on shares and said cash flow estimates are below consensus due to capex projections. 2. Sprint (S) downgraded to Underperform from Neutral at Buckingham with analyst James Ratcliffe saying shares are more than pricing in continued improvement in subscriber and ARPU performance, along with capex at or below industry norms at current levels. 3. DHT Holdings (DHT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he expects crude tanker demand to lag fleet supply in 2017-2018 and sees potential pressure on the dividend. 4. Workday (WDAY) downgraded to Equal-Weight from Overweight at First Analysis with analyst Corey Greendale saying the company's second quarter results beat expectations but lowered its rating due to valuation. 5. Infinera (INFN) downgraded to Sell from Neutral at Citi with analyst Stanley Kovler saying he expects additional margin pressure from Research and Development spending and its "aggressive" pursuit of Metro deals translating into "yet another leg down" in the company's earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
BARD
10/05/16
INITIATION
Target $260
BARD
Outperform
Northrop Grumman initiated with an Outperform at Baird
Baird analyst Peter.Arment initiated Northrop Grumman with an Outperform and a $260 price target.

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