Northrop Grumman Corporation (NYSE:NOC) is an undervalued aerospace and defense stock to buy.
On May 11, Northrop Grumman Corporation (NYSE:NOC) reiterated its push for opportunities around space missions with the unveiling of a positioning and navigation system. rommma/ LR-450 is the company’s new system designed to provide spacecraft tracing and orientation capabilities
The system does not require satellite signals; it uses millihemispherical resonant gyroscopes to measure rotation and orientation. The company resorted to much smaller sensors than those used in the Spacecraft Stellar Inertial Reference Unit. The unveiling of the tracking system comes on the heels of Northrop Grumman’s HRG technology accumulating more than 70 million hours in orbit.
The technology has also been used in missions, including the James Webb Space Telescope. The LR-450 is poised to operate for millions of hours while supporting various missions ranging from low Earth orbit to planetary exploration. Its lower power requirement will support integration in various spacecraft configurations.