Defense Stocks to Buy: Northrop Grumman (NOC)
Northrup Grumman (NOC) is the third largest defense systems contractor in the world. NOC is engaged in areas of the defense that will not see budget cuts like cybersecurity, missile systems, airborne reconnaissance systems like unmanned drones, intelligence gathering systems and air defense technology.
All of these systems and technologies will make it possible for the military to do more with fewer personnel and will be a critical part of the budget if the U.S. does downsize troop levels. The company is also a buyback machine and has plans in place to buy back up to 25% of its outstanding shares by the end of 2015. In spite of the gloomy headlines about the budget this stock is a strong buy at the current price.