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Northrop Receives $800M in Navy Modifications for Hawkeye Aircraft Production

The U.S Navy has awarded Northrop Grumman (NYSE: NOC), Bethpage, N.Y., a $760, 783, 000 firm-fixed-price contract modification for five low-rate initial production, lot three, E-2D advanced Hawkeye aircraft.

The lot three work includes non-recurring support. The modification includes additional long lead materials and related support for five LRIP, lot four, E-2D AHE aircraft.  Work is expected to be completed by May 2015.

The Navy also awarded Northrop a $34 million fix-price-incentive-fee contract modification for one E-2D advanced Hawkeye low-rate initial production, lot two, aircraft.

Work is expected to be completed in July 2013.

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