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Performance Breakdown and Comparison
2-year Comparison: NOC vs Sector vs Market (up to 2/3/2018).
Business Fundamentals and Future Developments
Northrop Grumman Corporation (NYSE:NOC) has continued to present strong operating performance, as sales in key operating segments remain robust. Aerospace Systems and Mission Systems segments, which each account for 45% of sales, have seen YoY revenue growth of 10% and 4% respectively in FY2017. In particular, Aerospace Systems segment has seen a higher volume in Manned Aircraft programs, mainly led by the numerous F-35B Lightning deals with various governments (the F-35B Lightning is a joint project between NOC and Lockheed Martin (NYSE:LMT)). This has a spill-over effect to sales in Mission Systems segment, with higher demand for related accessories such as sensors. Sales for the F-35 jet and related components will remain robust in 2018 as more deals are expected to close.
