Northrop Grumman Wins Contracts for Firing Rangers, "VADER" Radar
The U.S. Department of Defense awarded multiple contractors shares in some 17 contracts Tuesday, valued at up to $1.3 billion in combined dollar value. The big winner of the day was Northrop Grumman , whose various divisions landed no fewer than three of the contracts on offer, specifically:
- $59.6 million: Northrop Grumman's Technical Services unit won a contract modification to supply operation and maintenance services to Navy combined tactical training ranges at shore sites, land-based test facilities, and aboard ships in ports and at sea. Completion of the contract is expected to be next July.
- $38.4 million: Northrop Grumman's Systems unit won a contract modification to support the Vehicle And Dismount Exploitation Radar (that's right -- "VADER") system, which is designed to provide accurate radar readings on moving targets on the ground.
- $7.6 million: Northrop's smallest award went to its Space and Mission Systems unit, modifying a previously awarded time-and-materials, multi-year, option-filled contract to provide planning, programming, and budgeting services to the U.S. Army.
The article Northrop Grumman Wins Contracts for Firing Rangers, "VADER" Radar 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 don't 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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