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  • Friday, April 26, 2024

Northrop Gets $135M Air Force IDIQ to Remanufacture Cruise Missile Navigation Tech

Northrop Grumman (NYSE: NOC) has secured a 14-year, $135M contract to rebuild the inertial navigation component of an air-launched cruise missile system for the U.S. Air Force.

The company will disassemble, clean, inspect, maintain, reassemble, test and revert the element to mint condition as part of the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Wednesday.

USAF is using fiscal 2020 operations and maintenance funds to cover the initial $21.5M task order under the sole-source IDIQ,

Contract work will primarily take place in Salt Lake City and is expected to be finished by Sept. 3, 2024.

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