Four Reasons Why Northrop Grumman Will Become the new favorite Among Major US Defense Stocks!

Northrop Grumman is set to become the new favorite among major US defense stocks. A correction since 2022 is coming to an end.
Jörg Meyer
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J. Meyer
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I believe that the stock of Northrop Grumman has taken on a new favorite position compared to other major US defense stocks like RTX and Lockheed Martin. Here are the reasons: 1.) NATO's spending ratio will increase from 2% to 5% by 2035. Annual spending by the defense alliance will rise by a trillion-dollar amount. Northrop Grumman recently grew by 18% internationally. 2.) US trade deals also include more sales of defense goods, which will have a positive impact. For instance, Japan plans to expand its annual procurement of US defense goods...

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