Pentagon Awards Northrop $71.6 Million UAV Contract
On Monday, the Department of Defense awardedNorthrop Grumman a $71.6 million modification to a previously awarded contract to modify and deliver six vertical take-off and landing tactical unmanned aerial vehicles (VTUAV) and seven ground control stations to the U.S. Navy "in support of the VTUAV endurance upgrade rapid deployment capability effort."
The Pentagon's announcement does not make clear whether it refers to Northrop's already-in-service MQ-8B Fire Scout VTUAV, or to the expected upgrade to a new MQ-8C "Fire-X" configuration, which is being developed to arm the Fire Scout with Griffin and Hellfire missiles, as well as APKWS II guided rockets.
However, since the contract modification sets a September 2014 completion date -- and the Fire-X is expected to enter service in 2014 -- combined with the contract's specification that Northrop is to "modify" the VTUAV before delivering it, one might conclude this may indeed be a Fire-X delivery contract.
The article Pentagon Awards Northrop $71.6 Million UAV Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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