Northrop Grumman Wins Contract to Help Run Navy NCIS
The Department of Defense awarded 21 contracts Thursday, worth just under $1.246 billion in combined value. One of the bigger winners for the day was Northrop Grumman , which walked away with two contract wins:
- $46 million in the form of a "firm-fixed price, cost-plus-fixed fee, cost-type contract" to produce proof of manufacturing components for MK 54 mod 0 array kits to be incorporated into the Mark 54 MAKO lightweight torpedo. Thursday's contract win pushes the total value of Northrop's contract past $294 million. Northrop is expected to deliver the proof components by July 2016.
- $8.1 million in exercise of a second option to operate and maintain the Department of the Navy's Naval Criminal Investigative Service's (yes -- that's Navy NCIS) law enforcement information exchange system, and also the Department of Defense's law enforcement information system. This contract now runs through Sept. 30, 2014.
The article Northrop Grumman Wins Contract to Help Run Navy NCIS 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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