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Northrop Air Force Pod Contract Worth up to $480M; Vice, Palombo Comment

Northrop Grumman Corp. (NYSE: NOC) has won a potential $480 million engineering and manufacturing contract to upgrade the U.S. Air Force’s electronic attack pods.

The company said the contract contains a 27-month period of performance, five production options and a low-rate initial production phase.

The Defense Department previously announced the base value of the contract is an estimated $52.8 million.

Air Force pilots will use the pods in combat operations, said Tom Vice, corporate vice president and technical services sector president.

The pods also include digital radio frequency memory, he added.

The company will provide the pods for fixed and rotary wing aircraft, according to Jeff Palombo, sector vice president and general manager of land and self protection systems.

The Air Force will use the pods on its A-10, C-130, F-15 and F-16 planes.

The company has provided more than 500 digital radio frequency memories for F-16s and other aircraft.

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