The Department of Defense announced $2.61 billion worth of contracts Tuesday in 52 separate awards --- and Northrop Grumman won three of them. Specifically, the defense contractor won contracts for:
$101.6 million: a contract modification exercising contract line-item numbers calling for the sustainment of propulsion/ground/guidance/reentry vehicle systems on U.S. Intercontinental Ballistic Missile (ICBM) weapon systems based at Hill Air Force Base, Utah. This contract will run through Sept. 29, 2014.
$22.3 million: a contract modification to provide continued support of nuclear safety cross-check analysis, performance analysis, technical evaluation, and independent verification and validation for the U.S. Air Force Nuclear Weapons Center/PZBF, which is located at Hill Air Force Base, through September 2016.
And finally, $8 million: a contract modification calling for additional research and development work on the Advanced Electronic Protect, Integrated Air and Missile Defense (IAMD) System of Systems capability and IAMD Battle Command System, taking the project through development and into the demonstration phase. The Army describes the IAMD project as combining sensors and weapons including "Improved Sentinel, PATRIOT radars, PATRIOT launchers and the Joint Land Attack Cruise Missile Defense Elevated Netted Sensor (JLENS)" into a single, integrated, "plug and fight" system for air defense. Development work on this project should continue through fiscal 2015, at which the Army will decide whether to proceed with beginning production and deployment.
The article Northrop Grumman Wins $132 Million for Nuke, Air Defense Work 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.