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Northrop Grumman (NOC)

515.17
+2.99 (0.58%)
NYSE · Last Trade: Apr 3rd, 4:16 PM EDT
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Competitors to Northrop Grumman (NOC)

Boeing BA -10.47%

Boeing and Northrop Grumman compete in the aerospace and defense sectors, but their focus varies, with Boeing being heavily involved in commercial aviation alongside its defense operations. Both companies engage in high-stakes government contracts and are involved in military aircraft and systems integration. Northrop Grumman's expertise in space systems and unmanned technology provides it with a distinct edge in those markets. However, Boeing's established position in defense contracting and large-scale project capacity, such as tanker aircraft and commercial satellites, maintains its strong competitive stance.

General Dynamics GD -2.33%

General Dynamics and Northrop Grumman compete in numerous defense and technology sectors, including military vehicles, submarine systems, and services provided to defense intelligence. General Dynamics has a robust portfolio in information technology and defense solutions, which directly competes with Northrop Grumman’s offerings. While both companies enjoy solid relationships with the U.S. Department of Defense, Northrop Grumman’s leading role in developing unmanned drones and advanced cyber capabilities allows it to maintain a competitive edge in specific technology-driven markets.

Lockheed Martin LMT +0.42%

Lockheed Martin and Northrop Grumman compete primarily in the defense sector, offering advanced technologies, systems integration, and aerospace solutions to government and military clients. Both companies focus on high-tech defense projects such as unmanned systems, cyber security, and missile defense systems. Lockheed Martin holds significant contracts in various military domains and has a substantial market share, particularly in aerospace and defense, giving it a competitive edge in some areas. However, Northrop Grumman's innovative capabilities in space systems and autonomous technologies present robust competition.

Raytheon Technologies RTX -2.19%

Raytheon Technologies and Northrop Grumman compete closely in the fields of missile defense, avionics, and cybersecurity solutions. Raytheon, formed through the merger of Raytheon Company and United Technologies, has a strong emphasis on electronic systems and defense applications, which overlap with Northrop Grumman's offerings in these domains. While both firms have significant defense contracts with the U.S. government, Northrop Grumman's continuous advancements in advanced unmanned systems give it a unique competitive advantage in specific niche areas, although Raytheon’s extensive global presence enhances its competitiveness.