Northrop's New Space Contract Is a Very Smart Move
Northrop Grumman (NYSE: NOC) could be as little as 18 months away from becoming a top space stock, on par with the likes of Arianespace, United Launch Alliance, or SpaceX.
Of course, Northrop already is a space company. When it bought Orbital ATK back in 2018, Orbital's families of Pegasus, Antares, and Minotaur rockets came along as part of the deal. Now in possession of Orbital (since rebranded as Northrop's "Innovation Systems" division), Northrop is responsible for making periodic supply runs to the International Space Station (ISS) using its Antares medium-lift rockets. But Antares' 8-ton payload isn't big enough to really compete with the giant Atlas V rockets operated by ULA or with SpaceX's Falcon 9 and Falcon Heavy.
To do that, Northrop needs a new rocket. A bigger rocket. An OmegA rocket.
Source Fool.com
