Northrop Gets $3B Navy Contract Modification to Build E-2D Aircraft Lots 7 to 11

Northrop Grumman (NYSE: NOC) has received a potential $3.2B contract modification to manufacture lots 7 to 11 of early warning aircraft for the U.S. Navy.

The company will deliver 24 E-2D Advanced Hawkeye units through the modification, the Department of Defense said Wednesday.

The Navy definitized a $99.7M contract action issued last year for lot 7 E-2D long-lead materials to a multi-year and fixed-price-incentive contract.

The service will initially obligate $943.6M in fiscal 2019 aircraft procurement funds on the latest award.

Work is scheduled to occur through August 2026.

E-2D is designed to increase warfighter awareness through the battle management, air and missile defense and multiple sensor fusion systems of the airborne platform.

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