Bank of Nova Scotia Increases Stake in Northrop Grumman

Aerospace and defense company sees major investment from Canadian bank

Mar. 16, 2026 at 7:53am

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Bank of Nova Scotia raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 96.3% during the third quarter, according to the company's recent 13F filing with the SEC. The bank now owns 93,795 shares of the aerospace company's stock, worth approximately $57,150,000.

Why it matters

This significant increase in stake by a major institutional investor like Bank of Nova Scotia suggests growing confidence in Northrop Grumman's long-term prospects. As a leading U.S. aerospace and defense firm, Northrop Grumman's performance is closely watched by the investment community.

The details

According to the filing, Bank of Nova Scotia bought an additional 46,022 shares of Northrop Grumman during the third quarter, bringing its total stake to 93,795 shares. This represents about 0.07% ownership in the $104 billion company.

  • Bank of Nova Scotia increased its Northrop Grumman stake in the third quarter of 2026.

The players

Bank of Nova Scotia

A major Canadian bank and financial services company.

Northrop Grumman Corporation

A leading U.S. aerospace and defense company that designs, builds, and sustains advanced systems, products, and technologies for government and commercial customers.

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The takeaway

This investment by Bank of Nova Scotia underscores the continued strength and growth potential of Northrop Grumman, a major player in the U.S. defense industry. It suggests the bank sees long-term value in the company's diversified portfolio of advanced aerospace and defense technologies.