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Northrop Grumman Corporation is an American multinational aerospace and defense company. With 97,000 employees [3] and an annual revenue in excess of $40 billion, it is one of the world's largest weapons manufacturers and military technology providers.
A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
Litton Industries, Inc., was an American defense contractor that specialized in shipbuilding, aerospace, electronic components, and information technology. The company was founded in 1953 and was named after inventor Charles Litton Sr., who was also an early investor in the company.
That sounds good, until you realize that at a $73.9 billion market capitalization, it means Northrop Grumman stock currently costs nearly 30 times this year's free cash flow -- which seems quite a ...
The end of the Cold War at the beginning of the 1990s reduced defense spending and led to a wave of mergers as aerospace companies shrank in number; in 1994 Northrop bought Grumman for $2.1 billion to form Northrop Grumman, [22] after Northrop topped a $1.9 billion offer from Martin Marietta. [23]
When it comes to stock splits, some companies go really big, flooding the market with cheap shares. Amazon split its shares 20:1 in 2022, as did Alphabet. Shopify enacted a 10:1 split that same year.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 375 on the Fortune 500, was formed on 31 March 2011, as a divestiture from Northrop Grumman. [6] [7]
By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.