Northrop Wins $210 Million in Pentagon Contracts Thursday
The Department of Defense issued 27 new contracts Thursday, worth a combined $1.45 billion. Of these, Northrop Grumman won three:
- Northrop's biggest win was an estimated $169.8 million modification to a contract to provide logistics support for Air Force RQ-4 Global Hawks. Northrop will be responsible for all logistics support activities involving the UAVs themselves, their engines, payloads, and ground operations through Sept. 30, 2014.
- Northrop also won a $28.6 million contract modification to complete development of maritime modes on the Multi-Platform Radar Technology Insertion Program (MP-RTIP). MP-RTIP is a long range, very high-resolution synthetic aperture radar (SAR), used for identifying targets both on the ground and in the air -- on the Global Hawk. The Pentagon noted that this modification, which extends Northrop's contract through May 2015, brings the contract's cumulative value up past $1.5 billion.
- Finally, Northrop was awarded a$11.6 million contract modification to perform software development and flight test work on three type E special signals for the Air Force. This contract runs through March 6, 2015.
The article Northrop Wins $210 Million in Pentagon Contracts Thursday 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.