Northrop Grumman Corp

CNBC's Jim Cramer on Friday identified three industrial stocks that he believes are worth owning next year, saying he expects them to outperform the sector's top performers in 2022.The best-performing industrial stocks in the S&P 500 so far this year have been Northrop Grumman, Lockheed Martin and Deere — up 36.9%, 35.6% and 25.7%, respectively. Looking ahead, though, Cramer said he'd prefer to own the likes of Caterpillar, Illinois Tool Works and railroad operator CSX.related investing newsShares of Caterpillar,…

A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022.Brittany Hosea-Small | ReutersCheck out the companies making headlines before the bell.Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Analysts surveyed by Refinitiv were expecting $1.89 per share on revenue of $27.38 billion. Concern over…

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022.Mike Segar | ReutersCheck out the companies making headlines in midday trading Friday.Albertsons — Shares of the Safeway owner dropped 7% on news that Kroger has agreed to purchase Albertsons in a deal valued at $24.6 billion, or $34.10 a share. Kroger's shares slipped 4.8%.JPMorgan Chase — The bank gained 2.8% after topping estimates for the…

The view from the upper stage of the Alpha rocket after reaching orbit on Oct. 1, 2022.Firefly AerospacePrivate venture Firefly Aerospace reached orbit with its Alpha rocket for the first time on Saturday, a milestone in the company's development that sees it join an increasingly competitive U.S. launch market.Firefly is the fifth U.S. rocket builder to reach orbit in the past 15 years — joining a select group that includes SpaceX, Rocket Lab, Virgin Orbit and Astra."It's a fantastic group to be a part of ... but there's…

Starship prototype #24 conducts a test firing of six of its Raptor engines at the company's facility near Brownsville, Texas on Sept. 8, 2022.SpaceXPARIS — The leader of a Northrop Grumman subsidiary that's working with Elon Musk's SpaceX sees exciting potential in the private space venture's massive Starship rockets, but warned the industry should temper expectations until it hits key milestones.Northrop Grumman has an agreement with SpaceX to launch robotic spacecraft that extend the life of satellites in orbit. The…

NASA plans to launch the Artemis I mission on Monday from Kennedy Space Center in Florida, sending the Space Launch System (SLS) rocket and Orion capsule on a more than month-long journey around the moon. —The uncrewed launch marks the debut of the most powerful rocket ever assembled and kicks off NASA's long-awaited return to the moon's surface. It's the first mission in NASA's Artemis lunar program, which is expected to land the agency's astronauts on the moon by its third mission in 2025.While Artemis I will not carry…

Northrop Grumman's Antares rocket lifts off from NASA's Wallops Flight Facility in Virginia on Aug. 10, 2021 carrying a Cygnus spacecraft with cargo for the International Space Station.Terry Zaperach / NASA WallopsNorthrop Grumman is moving production of the engines and structures for its Antares rockets to the U.S. from Russia and Ukraine, a move that will have cascading effects throughout the space industry.The aerospace giant said Monday it will move Antares production fully to the U.S. through a partnership with…

While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat.Like the rise in private jet travel during the pandemic, charter demand remains "extremely strong," said Crom Littlejohn, chief commercial officer of the yacht brokerage company Northrop & Johnson. He said he expects interest to remain this way "for the foreseeable future."But it isn't the same people who have always traveled via sea, he…

CNBC's Jim Cramer said Thursday that he's bullish on the defense industry and has four stocks in mind that he believes are investable."There's at least one industry that's booming right now, and it will keep booming regardless of what happens with the in particular or U.S. economy in general. I'm talking about the defense industry, which is on fire," the "Mad Money" host said."The Russian invasion of Ukraine is a game-changer for the defense industry, and you'd really have to be clueless not to notice," he later…