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Wednesday, June 29, 2022

Is Northrop Grumman (NOC) stock next gem of its Industry?

Northrop Grumman (NYSE: NOC), a defence business, conducted the first demonstration of laser satellite communications. This is a promising approach, and NOC plans to make a big contribution to the defence market.

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Northrop Grumman (NOC) is working on a project with Mynaric, an optical communications equipment company, and Innoflight, an avionics provider. The National Oceanic and Atmospheric Administration (NOC) stated last week that a successful ground demonstration of laser communication terminals, which would eventually be employed on satellites, had taken place.

These aren’t just tests; the Pentagon has chosen Northrop Grumman (NOC) as one of three providers for a new network of 42 low-orbit satellites.

Many organisations are interested in laser satellite communication because of its benefits in terms of speed and noise immunity. Leading businesses are ready to join the new trend. Sony Corp., in particular, is working on laser transceivers for satellites.

Northrop Grumman (NOC) is mainly focused on the defence sector, although it is strongly linked to civil communications due to the widespread usage of commercial technology in terminals and other equipment.

Northrop Grumman (NOC) demonstrated compatibility between consumer laser communications technology and government encryption systems in particular. The Mynaric CONDOR Mk2 optical transceiver was employed in the testing, which can offer encrypted communication not just between satellites and earth satellites, but also between manned and unmanned aerial aircraft.

This transceiver might be certified by the government as early as 2022, allowing Northrop Grumman (NOC) to compete for big, long-term contracts using Mynaric technology.

The shares of Northrop Grumman Corporation (NOC) fell -1.13 percent to $443.93 on Friday. NOC shares have increased by 20.90 percent in the last year, but have dropped by -4.29 percent in the last week.

The stock has risen 3.73 percent in the last three months, but has lost 17.22 percent in the last six months. Furthermore, the company’s current market capitalization is $69.80 billion, with 156.00 million outstanding shares.

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