Northrop to Run Wyoming's Medicaid, CHIP Programs

No defense spending? No problem!

That seems to be Northrop Grumman's (NYSE: NOC  ) game plan this week, as one of the nation's best-known defense contractors takes a step toward diversifying its business into an area of government spending that's a bit more ... defensible.

This morning, Northrop announced that it's won a contract from the state of Wyoming to run an Internet-based computer system that will determine state residents' eligibility to receive Medicaid and Children' Health Insurance Program benefits. Northrop notes that the system is being set up to help Wyoming meet its obligations under the Patient Protection and Affordable Care Act (a.k.a. Obamacare), which requires the state to expand access to its Medicaid program. The system is expected to be ready to enroll applicants on Oct. 1.

Northrop will receive $29 million in compensation for its work on the four-year contract.


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.

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: 2552784, ~/Articles/ArticleHandler.aspx, 11/24/2014 4:57:18 PM

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 Moments ago Sponsored by:
DOW 17,817.90 7.84 0.04%
S&P 500 2,069.41 5.91 0.29%
NASD 4,754.89 41.92 0.89%

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

11/24/2014 4:08 PM
NOC $140.72 Up +1.59 +1.14%
Northrop Grumman C… CAPS Rating: ****

Advertisement