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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.

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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.

Northrop Grumman Corporation (NYSE:NOC) is a leading global aerospace and defense technology company, focused on developing advanced systems for the U.S. military and its allies. It specializes in aeronautics, space systems, defense systems, and cybersecurity, including the B-2 Spirit bomber, satellites, autonomous drones, and missile defense technologies.

While we acknowledge the potential of NOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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