Northrop Grumman Corporation (NYSE:NOC) is among the top 8 defense stocks based on ChatGPT’s advice. UBS raised its price target on the stock to $770, noting a robust multi-year growth outlook. The company is eyeing more U.S. Air Force contracts for the B-21 program.

Northrop Grumman (NOC) is competing with Boeing for the Navy’s next stealth fighter, the F/A-XX. Bernstein raised its price target for NOC to $696 after a strong third-quarter earnings report. The company engages in designing and developing advanced systems across defense, space, and aeronautics.

CEO Kathy Warden of Northrop Grumman mentioned potential new U.S. Air Force contracts for the B-21 program. The Congress allocated $4.5 billion to accelerate production of the stealth bomber. The company is also in contention for the F/A-XX program contract, with an announcement expected soon.

In other news, Bernstein raised its price target for Northrop Grumman to $696 after a strong third-quarter earnings report. The company reported an EPS of $7.67, beating estimates of $6.44. Northrop Grumman is a major defense contractor involved in various sectors like defense electronics and mission solutions.

Read more at Yahoo Finance: UBS Reiterates Bullish View on Grumman Corp. (NOC), Cites Robust Multi-Year Growth Outlook