Northrop Grumman CEO Kathy Warden sells $1.78 million in stock

Kathy Warden, Chair, CEO, and President of Northrop Grumman Corp (NYSE:NOC), recently sold 3,750 shares of the company’s common stock. The aerospace and defense giant, currently valued at $68.9 billion, has shown strong financial performance with a healthy profit margin of 20.4% and maintains a FAIR overall financial health rating according to InvestingPro analysis. The shares were sold at a price of $475.65 each, amounting to a total transaction value of approximately $1.78 million. Following this sale, Warden retains ownership of 212,852.4 shares. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission on March 6, 2025. While this insider sale occurred, it’s worth noting that management has been actively buying back shares, and the company has maintained dividend payments for 55 consecutive years. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access the full Pro Research Report, which covers what really matters about Northrop Grumman’s financial health and future prospects.

In other recent news, Northrop Grumman Corporation has reported advancements in its B-21 Raider program, highlighting achievements in adaptability, affordability, and production efficiency. The company has successfully transitioned into the second low-rate initial production lot, emphasizing the program’s alignment with government affordability benchmarks. Additionally, Northrop Grumman has recognized over 50 suppliers for their contributions to its manufacturing and supply chain operations in 2024, through the Supplier Excellence Awards. These awards celebrate suppliers for exceptional performance, strategic partnerships, and operational resilience.

In a separate development, Northrop Grumman has entered into a Memorandum of Understanding with South Korea’s Hanwha Systems for collaboration on the Republic of Korea’s Mine Countermeasures Helicopter program. This partnership builds on a previous contract with Korea Aerospace Industries to provide technical support and solutions. Meanwhile, Lockheed Martin Corporation (NYSE:LMT) was excluded from the U.S. Navy’s competition to build the next-generation carrier-based stealth fighter, with designs from Boeing (NYSE:BA) and Northrop Grumman moving forward instead.

Huntington Ingalls (NYSE:HII) Industries saw a positive market response following President Donald Trump’s announcement of initiatives to revitalize the U.S. shipbuilding industry, including tax incentives and fees on Chinese-built ships. However, experts have expressed skepticism about the feasibility of rapidly rejuvenating the U.S. shipbuilding sector. These developments reflect ongoing shifts and collaborations in the defense and aerospace industries.

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