Northrop Grumman is trading at $527.00 (-4.23%) in pre-market on November 4, as Democrats’ confirmed control of both congressional chambers raised concerns that military spending could face tighter scrutiny.
- Shares are below the November 3 close of $550.30.
- Northrop Grumman and other major defense groups were reported down more than 2% pre-market.
- Company-specific earnings and backlog news was positive, not a clear explanation for the decline.