Northrop Grumman (NOC) expects continued growth in Europe even after a potential ceasefire between Russia and Ukraine, driven by countries restoring depleted arsenals and increased defense spending. The company's head of global business development, Steve O’Bryan, also sees encouraging prospects from the Middle East and Asia-Pacific. Analyst Matthew Akers from BNP Paribas Exane initiated coverage with an Outperform rating and a $710 price target.

<p>Northrop Grumman (NOC) expects continued growth in Europe even after a potential ceasefire between Russia and Ukraine, driven by countries restoring depleted arsenals and increased defense spending. The company's head of global business development, Steve O’Bryan, also sees encouraging prospects from the Middle East and Asia-Pacific. Analyst Matthew Akers from BNP Paribas Exane initiated coverage with an Outperform rating and a $710 price target.</p>

Northrop Grumman Corporation (NOC) Anticipates Europe Growth Even After Ukraine, Russia Cease Hostilities