Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pentagon Expands 2 Northrop Radar Contracts

Defense contractor Northrop Grumman (NYSE: NOC  ) came away from Tuesday's award of 13 new Pentagon contracts as one of the bigger winners, boasting two contract wins, worth a probable $33 million in aggregate.

  • In the larger of the two awards, Northrop won $19.5 million as a modification to a previously awarded contract to support vehicle and dismount exploitation radars for the U.S. Army. According to the DoD's announcement, Northrop's cumulative wins on this contract now exceed $177 million in total face value.
  • Northrop's Aerospace division also notched a win, as it was awarded a $13.5 million addition to an existing contract that extended by three years its contract to supply the U.S. Navy with (V)4 Electronic Surveillance Enhancement (ESE) kits and technically refreshed ESEs used in the AN/SLQ-32 anti-ship missile system. The AN/SLQ-32, known unofficially as the "Slick 32" system, is designed to alert a warship of an incoming missile strike and is integrated into the ship's anti-missile "chaff" and other decoy systems. It can be programmed to deploy anti-missile defenses either semi-automatically, or automatically. The DoD says Northrop's second contract for these systems now has a ceiling value of $43 million.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2383988, ~/Articles/ArticleHandler.aspx, 9/27/2016 5:01:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 7 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:01 PM
NOC $217.00 Down -0.05 -0.02%
Northrop Grumman CAPS Rating: ****