LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

LRT Capital discussed stocks like Northrop Grumman Corporation (NYSE:NOC) in the investor letter. Headquartered in Falls Church, Virginia, Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company. On November 16, 2022, Northrop Grumman Corporation (NYSE:NOC) stock closed at $505.13 per share. One-month return of Northrop Grumman Corporation (NYSE:NOC) was -1.43% and its shares gained 43.74% of their value over the last 52 weeks.  Northrop Grumman Corporation (NYSE:NOC) has a market capitalization of $77.746 billion.

LRT Capital made the following comment about Northrop Grumman Corporation (NYSE:NOC) in its October investor letter:

"Based in Virginia, Northrop Grumman Corporation (NYSE:NOC) is one of the world’s largest defense contractors with annual revenue more than $30 billion. The company operates in a cozy oligopoly, that after decades of consolidation the US defense market is now controlled by five large companies: The Boeing Company (BA), General Dynamics Corporation (GD), Lockheed Martin Corporation (LMT), Northrop Grumman Corporation (NOC), and Raytheon Technologies Corporation (RTX).