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Report: Northrop Expecting Multiyear, $4B Navy Contract for Hawkeye Aircraft

northrop Grumman_BLUENorthrop Grumman (NYSE: NOC) is set to receive a five-year, $3.86 billion contract by the end of June to provide the U.S. Navy with 25 new carrier-based surveillance and reconnaissance aircraft, Bloomberg Businessweek reported Thursday.

Tony Capaccio writes the future contract was revealed in a notice sent by Pentagon acquisitions chief Frank Kendall to Congress last month.

Northrop’s E-2D Advanced Hawkeye aircraft would help boost Navy carriers’ ability to detect incoming hostile aircraft and missiles, the report said.

The contract is expected to indicate yearly order batches: five aircraft in fiscal 2014, 2016 and 2018, four in 2015 and six in 2017.

Capaccio reports that the batch orders are intended to generate $370 million in savings.

A spokesman for the Naval Air Systems Command declined to give additional details on the potential contract until it has been awarded.

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