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Northrop to Equip German Planes With Anti-Missile Systems

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Defense contractor Northrop Grumman (NYSE: NOC  ) landed a pair of Pentagon contracts Thursday, worth nearly $38 million in aggregate.

The larger of the two contracts, valued at $26 million, is a firm-fixed-price contract to modify and install Northrop's AN/AAQ-24(V) Large Aircraft Infrared Countermeasures (LAIRCM) System aboard a pair of Airbus A319CJ "Head of State" aircraft by March 31, 2016.

Classified as a foreign military sales contract, the LAIRCM award lists Germany as the recipient country. This fact, plus the statement that the systems will be installed aboard Airbus aircraft, confirm that this contract is not the same as the two contracts for which the U.S. Defense Security Cooperation Agency recently sought Congressional approval. Those contracts involved the states of Oman and Qatar, and were expressly for installation aboard Boeing (NYSE: BA  ) aircraft.

Northrop also won a smaller, $11.9 million award Thursday. That one was for the supply to the U.S. Air Force of low voltage power systems for unspecified aircraft. It remains in force through December 2020. 

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9/29/2016 4:00 PM
BA $131.03 Down -1.20 -0.91%
Boeing CAPS Rating: ****
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Northrop Grumman CAPS Rating: ****