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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 Friday as it is currently trading at $71.27, above its previous 52-week high of $71.25 with 857,751 shares traded as of 11:11 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Northrop Grumman has a market cap of $16.64 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 5.2% year to date as of the close of trading on Thursday. Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7.