credit / rates affecting interest expense
“These increases were partially offset by lower interest expense on unrecognized tax benefits.”
NOC 10-K
Confirmed
Aerospace & Defense
4 names are moving together; 100% are participating in the current session.
11 observed daily builds
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| GD | General Dynamics Corporation | Industrials | +0.4% | Group member |
| NOC | Northrop Grumman Corporation | Industrials | +1.4% | Most structurally connected |
| LMT | Lockheed Martin Corporation | Industrials | +1.6% | Group member |
| LHX | L3Harris Technologies, Inc. | Industrials | +1.9% | Group member |
Why we believe this
Cohort
4 namesParticipation
100% this sessionObserved history
11 daily buildsFiling coverage
4/4 membersrestructuring
“Due to the many variables inherent in developing the estimates used in our impairment analyses, differences in assumptions may have a material effect on the results of those impairment analyses. -44- Table of Contents NORTHROP GRUMMAN CORPORATION”
NOC 10-K
capital investment / capacity affecting cash flow
“The table below reconciles net cash provided by operating activities to free cash flow: Nine Months Ended September 30 % $ in millions 2025 2024 Change Net cash provided by operating activities $ 860 $ 1,810 (52) % Capital expenditures (788) (951) (17) % Free cash flow $ 72 $ 859 (92) % Year to date 2025 free cash flow decreased $787 million as compared with the same period in 2024 due to a $950 million decrease in net cash provided by operating activities, partially offset by a $163 million reduction in capital expenditures.”
NOC 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
SIDU
LHXcustomer · Current intraday read unavailable
Filing receipt · SIDU / LHX
“We have supported customers such as Boeing, Lockheed Martin, Northrop Grumman, Dynetics/Leidos, Blue Origin, United Launch Alliance, Collins Aerospace, L3Harris, OneWeb…”
LHX · customer
VOYG
LMTsupplier · Current intraday read unavailable
Filing receipt · VOYG / LMT
“We currently provide advanced solid-propulsion subsystems for Lockheed Martin’s Next Generation Interceptor (“NGI”) program with the U.S.”
LMT · supplier
ISSC
LMTcustomer · Current intraday read unavailable
Filing receipt · ISSC / LMT
“Currently, we support multiple OEM platforms, including those with the Boeing Company, Eclipse Aerospace, Lockheed Martin, and Pilatus Aircraft.”
LMT · customer
MRCY
GDcustomer · Not moving with the group now
Filing receipt · MRCY / GD
“Our top customers include Airbus, BAE Systems, Boeing, General Atomics, General Dynamics, L3Harris Technologies, Leonardo, Lockheed Martin Corporation, Northrop Grumman…”
GD · customer
FEIM
LMTcustomer · Current intraday read unavailable
Filing receipt · FEIM / LMT
“During fiscal year 2024, Lockheed Martin Corporation (“Lockheed Martin”), Northrop Grumman, Office of Naval Research and BAE Systems each accounted for more than 10% of…”
LMT · customer
History
2026-07-314 names in the durable cohort
2026-07-304 names in the durable cohort
2026-07-282 names in the durable cohort
2026-07-222 names in the durable cohort
2026-07-212 names in the durable cohort
2026-07-202 names in the durable cohort
2026-07-172 names in the durable cohort
2026-07-162 names in the durable cohort
2026-07-152 names in the durable cohort
2026-07-142 names in the durable cohort
2026-07-132 names in the durable cohort