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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Northrop Grumman (NYSE: NOC) hit a new 52-week high Tuesday as it is currently trading at $70.22, above its previous 52-week high of $70.20 with 292,365 shares traded as of 10:30 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Northrop Grumman has a market cap of $17.01 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 18.8% year to date as of the close of trading on Monday. Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. The company has a P/E ratio of 8.9, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.