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Mark A. Welsh III, a director at Northrop Grumman Corp (NYSE:NOC), a prominent player in the Aerospace & Defense industry with a $70 billion market cap, has recently sold shares of the company’s common stock, according to a filing submitted to the Securities and Exchange Commission. On June 5, 2025, Welsh sold a total of 33 shares, generating proceeds of $16,120. The sale prices ranged from $485.67 to $491.07 per share. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
Following these transactions, Welsh retains ownership of 4,376 shares in the company. The sales were conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock, helping to avoid potential conflicts of interest. Notably, Northrop Grumman has maintained dividend payments for 55 consecutive years, with a current yield of 1.89%.
In other recent news, Northrop Grumman has announced a $50 million investment in Firefly Aerospace to advance the development of the Eclipse rocket, a joint project combining technologies from both companies. This collaboration aims to compete for U.S. Department of Defense missions. Furthermore, Northrop Grumman has priced a $1 billion senior notes offering, with plans to use the proceeds for general corporate activities, including debt repayment and share repurchases. The offering is expected to close in May 2025, subject to customary conditions.
Northrop Grumman also revealed a 12% increase in its quarterly dividend to $2.31 per share, marking the 22nd consecutive annual increase. This move highlights the company’s strong financial position and commitment to shareholder returns. Additionally, Northrop Grumman, alongside Lockheed Martin (NYSE:LMT) and Peraton, secured a $244 million contract from the U.S. Space Command for the development of the Relay Ground Station. This contract involves designing and integrating advanced hardware and software capabilities.
In a separate development, Northrop Grumman is poised to participate in a potential $100 billion U.S. arms deal with Saudi Arabia. This deal could involve major U.S. defense firms, including Northrop Grumman, providing advanced weapons systems. The arms package is part of ongoing discussions and has yet to be officially announced by the U.S. government.
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