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.
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