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Search Results for: Northrop

Northrop Lands $600M MDA Contract Modification for Missile Defense System Technical Services

Northrop Grumman (NYSE: NOC) has been awarded a 20-month, $600 million contract modification by the Missile Defense Agency to continue providing technical integration and operational support services for the U.S. ballistic missile defense system. The Defense Department said Tuesday the modification increases the contract’s total value to $3.85 billion and extends Northrop’s services through …

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Northrop Unit to Provide Navigation Tech for Beechcraft Turboprop Planes

TYSONS CORNER, VA, June 3, 2016 — A Northrop Grumman (NYSE: NOC) subsidiary will provide navigation technology for the special missions variant of Beechcraft‘s King Air turboprop aircraft, ExecutiveBiz reported Thursday. Northrop said Wednesday the LCR-100N system built by its LITEF unit will be an “inertial product option” for the King Air and consist of gyrocompass …

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Northrop Grumman Gets $62M Maritime Surveillance Demonstrator Contract Modification

The U.S. Navy has awarded Northrop Grumman (NYSE: NOC) a $62 million contract modification to exercise an option on a cost-plus-fixed-fee contract for operation and maintenance support to the Broad Area Maritime Surveillance-Demonstrator aircraft. The modification covers logistics support, deployment of field services representatives and intermediate and depot-level maintenance to support the BAMS-D …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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Air Force Picks Boeing, Northrop for GPS Satellite Digital Waveform Generator Support

TYSONS CORNER, VA, May 19, 2016 — Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will provide digital signal generation technology to the U.S. Air Force under separate contracts in support of the Orbit Reprogrammable Digital Waveform Generator program, ExecutiveBiz reported Wednesday. The Defense Department said Monday Boeing received a $16.2 million …

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May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC) and Huntington Ingalls …

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Air Force Taps Boeing, Lockheed, Northrop for GPS III Phase 1 Readiness Assessment Contracts

TYSONS CORNER, VA, May 9, 2016 — The U.S. Air Force has awarded Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) potential $6 million contracts to conduct feasibility studies on the production readiness of future GPS III satellites, ExecutiveBiz reported Friday. The Space and Missile Systems Center at Los …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Northrop-Led Team Awarded $92M Contract to Update CMS’ Fraud Prevention System

A team led by Northrop Grumman (NYSE: NOC) has been awarded a potential five-year, $91.6 million contract to update a technology platform that the Centers for Medicare and Medicaid Services uses to identify improper, fraudulent and wasteful Medicare payments. The company will lead a team comprising of seven contractors to build the second version of CMS’ …

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Army Taps Lockheed, Northrop JV for $117M Apache Radar FMS Contract With India

A Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture has secured a potential $116.7 million contract to produce fire control radar systems for India through a foreign military sales deal. Longbow LLC will also support the U.S. Army‘s Apache Attack Helicopter Project Management Office under the firm-fixed-price contract, the Defense …

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