On September 30, Northrop Grumman declined 3.77% in regular trading, trading at $484.90 per share, with turnover of approximately $47.9 million. The drop came after the Pentagon announced that Boeing had been selected to build the U.S. Navy's next-generation stealth fighter jet, defeating Northrop Grumman for the $20 billion research and development contract.

The contract covers the production of test aircraft for the Navy's sixth-generation fighter program. This marks Boeing's second consecutive major sixth-generation fighter win, following its selection last March to build the U.S. Air Force's new stealth F-47 fighter. The back-to-back losses represent a significant competitive setback for Northrop Grumman in the advanced tactical aircraft domain.

Despite the contract loss, Northrop Grumman maintains a robust defense backlog of $105 billion as of Q2, supported by recent wins including a $4.84 billion Army infrared countermeasure contract, a $3 billion missile interceptor production deal, and a $1.2 billion Navy E-2D Hawkeye contract. The company is scheduled to report Q3 earnings on October 20, with analysts expecting EPS of $7.26.

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