Northrop Grumman Wins MQ-4C Triton UAV Contract

The U.S. Department of Defense announced a dozen contract awards Wednesday -- worth $541.2 million in combined value. Britain's BAE Systems took the top prize with a $150-million contract to produce HERCULES tank salvage vehicles for the Army. Perhaps the most interesting contract of the day, however -- although not the largest -- went to local U.S. defense contractor Northrop Grumman (NYSE: NOC  ) .

MQ-4C Triton UAV in flight, Source: Northrop Grumman

Northrop Grumman won a $27.6 million option exercise on a pre-existing cost-plus-fixed-fee contract to extend operational and maintenance support of the Navy's Broad Area Maritime Surveillance (BAMS) – Demonstrator Unmanned Aircraft System through May 2014. The aircraft being supported, four modified Air Force Global Hawks, are precursors to Northrop's own MQ-4C Triton unmanned aerial vehicle, which won a Navy competition for the BAMS contract in 2008, beating out both Boeing and Lockheed Martin for the privilege. The Navy is using the BAMS-D modified Global Hawks for operations in the Middle East, while Northrop collects data on their sensor suite and flight performance, for use in developing the Triton.

As part of the BAMS program, the Triton is designed to provide real-time intelligence, surveillance, and reconnaissance (ISR) capabilities over "vast" areas of ocean and coastline -- as in 12.6 million square miles in one glance. Based on Northrop's successful Global Hawk design, the Triton is able to fly 24 hours at a stretch, and can provide a full 360 degrees of oversight of this area.

In total, the Navy plans to buy 68 Tritons, in a contract expected to be worth up to $1.2 billion to Northrop.

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

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: 2605340, ~/Articles/ArticleHandler.aspx, 10/1/2016 4:56:11 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 19 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

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

9/30/2016 4:03 PM
NOC $213.95 Up +0.34 +0.16%
Northrop Grumman CAPS Rating: ****