Northrop Grumman Wins Ballistic Missile Offense and Defense Contracts
The Pentagon announced 86 separate contract awards on Thursday worth a combined $7.55 billion. Of these contracts, Northrop Grumman won three:
- a $12.1 million contract for the Australian Mission Processor Phase 3 (AMP 3), through which Northrop is to design, develop, procure, test, install, and integrate the AMP 3 system, which will process geosynchronous satellite infrared data from both the Defense Support Program and the Space Based Infra-Red Systems (SBIRS) ballistic missile warning system. This contract should be complete by March 2018;
- a task order worth up to $11.3 million to evaluate, analyze, repair, and/or test the Air Force's aircraft structural integrity program for its A-10 Warthog combat aircraft through Sept. 18, 2016. The Pentagon notes that although three defense contractors were invited to bid on this task order, only Northrop actually submitted a bid; and finally
- a $9.9 million contract modification to support "integration" of the LGM-30 Minuteman III missile through March 30, 2014.
In total, the three contracts add up to only $33 million in incremental revenues for Northrop, a significantly smaller haul than the awards the company received yesterday.
The article Northrop Grumman Wins Ballistic Missile Offense and Defense Contracts 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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