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Northrop Grumman

DEFENCE · NYSE · PEER OF LMT

◆ THESIS

  • B-21 strategic bomber, Triton/Global Hawk surveillance — exactly the platforms relevant to a Pacific contingency. Multi-event compound effect.

  • B-21 strategic bomber programme + Triton/Global Hawk surveillance. Less direct Ukraine consumption than missile primes; more structural NATO posture. Scores accordingly.

◆ PEER PICK

B-21 bomber, space/cyber, autonomous systems. Long-cycle programmes. Less direct Hormuz play but structural rearmament beneficiary.

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