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



Northrop Lands a Pair of Follow-On E-2D "Hawkeye" Contracts

Northrop Grumman (NYSE: NOC  ) won a pair of Pentagon contracts Tuesday, both benefiting the U.S. Navy, and both relating to the Navy's E-2D Advanced Hawkeye airborne early warning aircraft.

The smaller of the two awards, not to exceed $7.5 million in value, is a delivery order under a previously awarded Basic Ordering Agreement calling upon Northrop to repair 43 line items on the Advanced Hawkeye System used on the E-2D aircraft. Northrop is to complete these repairs by June 3, 2015.

The larger award by a factor of two, for $17.1 million, modifies a different previously awarded contract, this one for the advanced acquisition of product, fleet, and engineering support needed to begin full rate production of Lot 1 E-2D Advanced Hawkeyes. This contract should be completed by June 2014.

Northrop describes the Advanced Hawkeye as the "digital quarterback" of a Navy carrier strike group. Its role is to sweep the battlefield ahead of a strike force with its powerful airborne radars, detecting threats and assigning assets to meet these threats. In battle, the Advanced Hawkeye "manages" the Navy's warplanes in the air, identifying and keeping track of friendly and unfriendly aircraft and warning the seaborne fleet away from danger.

Read/Post Comments (0) | Recommend This Article (2)

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.

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: 2471927, ~/Articles/ArticleHandler.aspx, 11/30/2015 10:21:41 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...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated Moments ago Sponsored by:
DOW 17,764.75 -33.74 -0.19%
S&P 500 2,087.85 -2.26 -0.11%
NASD 5,123.90 -3.62 -0.07%

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

11/30/2015 10:05 AM
NOC $187.20 Down -1.21 -0.64%
Northrop Grumman C… CAPS Rating: *****