The Latest Breaking News from Space Systems

Cathie Wood has begun trimming her stake in Rocket Lab even as the stock hits new all-time highs, prompting investors to consider whether it's time to lock in profits or stay the course.

Space stock Rocket Lab Corp (NASDAQ:RKLB) receives a price target increase with expected revenue growth on the horizon and the potential to become one of the leaders in the space sector.

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%…