TLDR
- Northrop Grumman secured a $158.8 million contract modification with the U.S. Department of War
- Contract W58RGZ-26-C-0009 finalizes terms and pricing for an existing defense agreement
- Operations will be conducted at the company’s Illinois facility in Rolling Meadows
- Complete funding from Fiscal 2026 revolving funds was allocated upon contract award
- Investment research firm Zacks identifies NOC as attractive value opportunity with strong Style Scores
On August 13, 2026, Northrop Grumman (NOC) finalized a $158.8 million contract modification with the U.S. Department of War. The defense contractor’s shares advanced 0.64% during trading.
Northrop Grumman Corporation, NOC
The agreement modification, totaling precisely $158,831,128, pertains to contract designation W58RGZ-26-C-0009. This modification addresses the definitization process for a pre-existing arrangement with the Department of War.
The definitization procedure represents the finalization of all contractual elements, including pricing structures, terms, and operational conditions for agreements that were previously undefinitized. Essentially, this transitions the arrangement from a temporary status to a completely formalized commitment.
Operations stemming from this modification will take place at Northrop’s Illinois-based facility in Rolling Meadows. The scheduled completion date for the contract stands at August 13, 2026.
The entire amount of $158,831,128 from Fiscal 2026 revolving funds received full obligation upon award. This indicates the financial resources have been fully allocated.
Army Contracting Command, operating from Redstone Arsenal in Alabama, served as the contracting authority for this transaction.
Zacks Identifies NOC as Strong Value Opportunity
In independent analysis, Zacks Equity Research spotlighted NOC as an attractive value investment on August 14, 2026. The research firm employs its proprietary Style Scores methodology to evaluate equities across value, growth, and momentum dimensions.
NOC received positive assessments within Zacks’ Value Style Score framework, which analyzes metrics such as P/E ratios, PEG multiples, Price/Sales, and Price/Cash Flow indicators. An elevated value score indicates the equity may be undervalued relative to its fundamental worth.
The Zacks Rank, the firm’s comprehensive rating system, relies primarily on earnings estimate revisions. Securities receiving a #1 (Strong Buy) designation have delivered average annual returns of 23.94% since the system’s 1988 inception, per company data.
The VGM Score represents a composite metric blending value, growth, and momentum factors, serving as a crucial indicator alongside the rank framework. Equities earning a Rank of #1 or #2 combined with Style Scores of A or B represent the most compelling investment opportunities.
Contract Background
Northrop Grumman maintains its headquarters in Rolling Meadows, Illinois. The corporation ranks among America’s premier defense contractors, operating an extensive portfolio spanning aerospace, ground systems, naval platforms, space technologies, and cybersecurity solutions.
This contractual modification supplements Northrop’s ongoing collaboration with the U.S. Army. Redstone Arsenal’s Army Contracting Command oversees substantial defense acquisition operations.
The $158.8 million agreement doesn’t constitute fresh work assignments, but instead formalizes pricing structures and contractual terms for initiatives already in progress.
Revolving funds, utilized for this contract’s obligation, represent a government financial instrument enabling funds to be recycled as expenditures occur and resources are recaptured.
Specific details regarding the program or defense platform associated with this contract modification remain undisclosed.
NOC shares concluded the August 13, 2026 trading session with a 0.64% gain.
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