NOC – Market expectations are for Uniform ROA to decline, but management is confident about their Orbital ATK transaction and growth
December 20, 2019
- Northrop Grumman Corporation (NOC:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with an 18.2x Uniform P/E, implying bearish expectations for the firm, but management is confident about their Orbital ATK transaction and growth
- Specifically, management is confident that they are working towards maximizing revenue synergies and improving execution from their acquisition of Orbital ATK, and they are confident that they will realize mid-single-digit sales growth in 2020. Furthermore, they are confident that they have been working with the FTC to ensure compliance with their Orbital ATK transaction.