The Latest Breaking News from Space Systems

Shares of Rocket Lab are down nearly 40% from recent highs, yet Wall Street remains firmly bullish with several analysts boosting price targets.

Rocket Lab posted a strong third quarter with record revenue up 48% year over year, expanding margins, and a $1.1B backlog.

Northrop Grumman (NYSE:NOC) reported second-quarter revenue of $10.35 billion, up 1% on a year-over-year basis, beating analyst estimates of $10.11 billion.

Though Northrop Grumman has lagged behind the S&P 500 Index over the past year, analysts are moderately optimistic about the stock’s prospects.

As turbulence hits this ‘Buy’- rated blue chip company, could this be an ideal buying opportunity for investors?

Rocket Lab's strategic innovations and escalating revenue place the company at the front of the growing space sector.

Northrop Grumman Corp (NYSE:NOC) reported a first-quarter FY22 sales decline of 4% year-over-year to $8.79 billion, -2% on an organic basis, missing the consensus of $8.88 billion. Sales by segments: Aeronautics Systems $2.7 billion (-10% Y/Y), Defense Systems $1.28 billion (-18% Y/Y), Mission Systems $2.49 billion (-4% Y/Y), and Space Systems $2.86…

Northrop Grumman Corp (NYSE:NOC) reported a fourth-quarter FY21 sales decline of 15% year-over-year to $8.64 billion, -10% on an organic basis, missing the consensus of $8.99 billion. Sales by segments: Aeronautics Systems $2.63 billion (-25% Y/Y), Defense Systems $1.38 billion (-28% Y/Y), Mission Systems $2.52 billion (-8% Y/Y), and Space Systems $2.66 billion (+4%…