TLDR
- Northrop Grumman received a $158.8 million contract modification from the U.S. Department of War
- The contract is numbered W58RGZ-26-C-0009 and covers definitization of an existing agreement
- Work will be performed at Northrop’s Rolling Meadows, Illinois facility
- Funding comes from Fiscal 2026 revolving funds, fully obligated at award
- Zacks rates NOC as a strong value stock with favorable Style Scores
Northrop Grumman (NOC) received a $158.8 million contract modification from the U.S. Department of War on August 13, 2026. NOC stock was up 0.64% on the day.
Northrop Grumman Corporation, NOC
The modification, valued at exactly $158,831,128, falls under contract number W58RGZ-26-C-0009. It covers the definitization of an existing contract between Northrop and the Department of War.
Definitization is the process of finalizing the terms, price, and conditions of a previously undefinitized contract action. In short, this moves the contract from a provisional to a fully locked-in agreement.
All work under the modification will be carried out at Northrop’s Rolling Meadows, Illinois facility. The contract carries a completion date of August 13, 2026.
The full $158,831,128 in Fiscal 2026 revolving funds was obligated at the time of the award. That means the money is already committed.
The contracting activity was handled by Army Contracting Command based at Redstone Arsenal in Alabama.
Zacks Flags NOC as a Value Play
Separately, Zacks Equity Research highlighted NOC as a strong value stock as of August 14, 2026. The firm uses its Style Scores system to assess stocks across value, growth, and momentum categories.
NOC earned favorable marks under Zacks’ Value Style Score, which looks at ratios including P/E, PEG, Price/Sales, and Price/Cash Flow. A high value score suggests the stock may be trading below its true worth.
Zacks’ overall rating model, the Zacks Rank, is driven by earnings estimate revisions. Stocks rated #1 (Strong Buy) have produced an average annual return of 23.94% since 1988, according to the firm.
The VGM Score, which combines value, growth, and momentum, is one of the key indicators Zacks uses alongside its rank system. Stocks with a Rank of #1 or #2 and Style Scores of A or B are considered the strongest candidates.
Contract Background
Northrop Grumman is headquartered in Rolling Meadows, Illinois. The company is a major U.S. defense contractor with a broad portfolio of programs across air, land, sea, space, and cyber.
This contract modification adds to Northrop’s existing work with the U.S. Army. The Army Contracting Command at Redstone Arsenal manages a large volume of defense procurement activity.
The $158.8 million award does not represent new work, but rather the formal pricing and terms being locked in on a contract already underway.
Revolving funds, which were used to obligate this contract, are a type of government financing mechanism that allows money to be reused as it is spent and recovered.
No details were released on the specific program or platform the contract modification relates to.
As of August 13, 2026, NOC stock closed up 0.64% on the session.
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