Northrop Wins $781.5M to Provide Navy E-2 Aircraft

The U.S. Navy has awarded Northrop Grumman Corp. (NYSE: NOC) a $781.5 million contract modification to provide five low rate initial production E-2 Hawkeye aircraft, the Pentagon announced Tuesday.

The modification brings the total value of the contract to $1, 542, 283, 000.

The award is a modification on a previous contract worth $760, 783, 000 awarded in July 2011 for the manufacturing and delivery of five low rate initial production E-2 aircraft.

The Pentagon said it expects work to be completed by May 2015. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.

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