Early Market News: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), Caterpillar Inc. (NYSE:CAT)

More breaking news stories could affect stocks when trading continues later. The following listed companies should see some movement: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), Caterpillar Inc. (NYSE:CAT). Here is a more detailed look at the news that will affect each company when trading continues. Northrop Grumman (NYSE:NOC) Northrop Grumman (NYSE:NOC) has received a new contract from the U.S. Coast Guard. Under the contract worth $89 million, Northrop Grumman (NYSE:NOC) will supply long-lead materials for the fifth National Security Cutter (NSC). These new cutters from Northrop Grumman (NYSE:NOC) will replace the 378-ft Hamilton class High Endurance Cutters, which entered into service during the 1960s. The work under this contract will be performed at Northrop Grumman's (NYSE:NOC) Pascagoula shipyard and the contract has certain options that can increase the potential value of the contract to $94 million. Prudential Financial (NYSE:PRU) Prudential Financial (NYSE:PRU) has announced the launch of Prudential Real Assets Fund. This new fund, which offers investors greater diversification and improved risk-adjusted returns has been introduced by Prudential Investments, the mutual fund family of Prudential Financial(NYSE:PRU). This newly introduced fund is mainly focused on investments with physical properties, such as real estate, metals, fuel and other commodities. Judy Rice, president of Prudential Investments, the mutual fund arm of Prudential Financial (NYSE:PRU) said, "Along with providing a potential hedge against rising interest rates and inflation, this fund helps improve portfolio diversification since the performance of real assets is not tied to traditional stock and bond investments." Caterpillar Inc. (NYSE:CAT) Caterpillar (NYSE:CAT) has agreed to become the major sponsor the 2011 AEM Construction Challenge. As a part of its commitment to engage young people in construction careers, Caterpillar (NYSE:CAT) is sponsoring AEM Construction Challenge regional rallies presented by Volvo Construction Equipment. The company will sponsor four of the nine regional rallies taking place on January 15 in Atlanta, GA, Chicago, IL, Cincinnati, OH, and Seattle, WA. Tana Utley, Chief Technology Officer of Caterpillar (NYSE:CAT) said, “Caterpillar (NYSE:CAT) is proud to support AEM’s Construction Challenge again this year. What better way to get young people excited about the opportunities that exist in construction and engineering than to provide them with hands-on experience.” We could possibly see more movement when trading continues for Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU) and Caterpillar Inc. (NYSE:CAT).
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