The Information Systems segment offers advanced solutions for the Defense Department, national intelligence and federal civilian, state, international and commercial customers. It provides products and services primarily in the fields of command and control, communications, cyber, air and missile defense, intelligence processing, civil security, health information technology, and government support systems.
Northrop’s Technical Services segment provides logistics, modernization and sustainment services, as well as other advanced technology and engineering services, including space, missile defense, nuclear security, training and simulation services.
The dividend yield here is 1.68%. The $655 BofA price objective is well above the $513.18 consensus target, and Northrop Grumman stock ended Tuesday trading at $448.10.
Raytheon Technologies
This company has a diversified mix of business and remains another favorite across Wall Street. Raytheon Technologies Corp. (NYSE: RTX) is an aerospace and defense company that provides systems and services for the commercial, military and government customers worldwide.
Its Collins Aerospace Systems segment offers aerospace and defense products and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business and general aviation and for defense and commercial space operations.
This segment also designs, produces and supports cabin interior, oxygen systems, food and beverage preparation, storage and galley systems and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions and asset management services.
The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet and general aviation customers. It also produces, sells and services military and commercial auxiliary power units.
The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems and cyber and software solutions to intelligence, defense, federal and commercial customers.
And the Raytheon Missiles & Defense segment provides end-to-end solutions for U.S. and foreign government customers designed to detect, track and engage threats.
Shareholders receive a 2.46% dividend. Raytheon Technologies stock has a $117 target price at Wolfe Research. The consensus target is $109.75, and shares closed at $97.44 on Tuesday.
The Russian-Ukraine conflict is filling the coffers of these top companies, and really putting a dent in their inventory levels. While good for investors, many feel that our own armed forces may struggle and be short of weapons and ammunition if we were thrust into yet another major conflict now.
Originally published at 24/7 Wall St.
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