Northrop Grumman Snags $45 Million Navy Contract

Northrop Grumman Corporation (NYSE: NOC) has received a $45 million contract from the U.S. Navy for Phase 3 of low-rate initial production of the AN/AES-1 Airborne Laser Mine Detection System (ALMDS).

The contract includes the production of four pods, spares, product development and support at a lower cost-per-pod than in previous lots, the company announced.

“What’s critical to the warfighter is the performance of the system, ” said Northrop Grumman’s Dan Chang, vice president of Maritime and Tactical Systems. “We are confident that DT-IIE results will prove the unique threat detection value and performance of our ALMDS. What’s critical to the Defense Department is getting great value for their investments. Because of the hard work of our ALMDS contractor team, we were able to reduce the per-pod price by several percent, enabling the Navy to procure one additional pod system over and above the Phase 2 lot buy.”

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