Northrop to Produce Counter-IED Systems for Navy Under Potential $505M Contract

Northrop Grumman (NYSE: NOC) has won a potential five-year, $505.3 million contract from the U.S. Navy to start full-rate production of systems designed to protect warfighters, vehicles and structures from radio-controlled improvised explosive threats.

The Defense Department said Monday Northrop will manufacture the systems under the Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare Increment One program.

JCREW will have a dismounted variant that can be placed in backpacks; a mounted version for use on tactical vehicles; and a fixed variant designed to secure permanent facilities, according to the Navy.

The Navy received two proposals for the contract and obligated $57.8 million in fiscal years 2015 and 2016 “other” procurement funds at the time of award.

Ninety-seven percent of work will take place in San Diego, California, and the remaining three percent in Sierra Vista, Arizona.

The Pentagon expects Northrop to finish contract work in August 2022.

You may also be interested in...

Fluor

Fluor Subsidiary Gets $1.1B Modification on US Naval Nuclear Propulsion Support Contract

A subsidiary of Fluor (NYSE: FLR) will continue its support work on propulsion systems that power U.S. Navy submarines and aircraft carriers under a one-year, $1.12B contract modification. Fluor Marine Propulsion will continue services at the Naval Nuclear Laboratory through the government's 2021 fiscal year, the Department of Defense said Wednesday.

Mac Curtis Chairman and CEO Perspecta

Perspecta Announced as Military Bowl Presenting Sponsor; Mac Curtis Quoted

The Military Bowl Foundation has named Perspecta (NYSE: PRSP) as the presenting sponsor for the next three years of its college football post-season bowl game.