Northrop Grumman Wins 11 Defense Contracts Worth $1.28 Billion
As the clock ticks down toward the end of the Pentagon's fiscal year, Department of Defense acquisitions specialists have thrown caution to the wind -- and awarded a simply mind-boggling 113 separate contract awards on Friday. Worth a combined $10.92 billion, this single day's spending came close to equaling two weeks' worth of contract awards at any other time of the year.
Of these, Northrop Grumman took home the most awards by far -- 10 defense contracts, or nearly 9% of all contracts awarded. Some of its wins were pretty significant, too. For example, Northrop landed:
- A $795.9 million contract modification to provide logistics support to Air Mobility Command aircraft at several stateside airbases through Sept. 30, 2015.
- A new $226.7 million cost-plus-incentive-fee contract to design, develop, build, assemble, integrate, furnish, test, evaluate, support, and document an In-flight Refueling-Capable E-2D Advanced Hawkeye airborne early warning aircraft for the U.S. Navy by January 2019
- Another new contract, worth $114.2 million, to purchase long-lead items needed to build three Low Rate Initial Production Lot 11 Block 30 Global Hawk drones by Feb. 28, 2015.
Other awards were less valuable, but still sizable:
- $36.8 million: a contract modification to continue running on-orbit operations and sustainment for Missile Defense Agency Space Tracking and Surveillance Systems -- Demonstrator satellites from October of this year through March 2015.
- $28 .1 million: a firm-fixed-price contract to supply the Air Force with aircraft aft deck structural supports by Nov. 30, 2017.
- $26.4 million: a firm-fixed-price, IDIQ contract to support the C-130 Direct Sales Public-Private Partnership by repairing 28 "national stock numbers" by Sept. 26, 2014.
- $19.3 million: a contract modification to support Defense Support Program spacecraft and sensors in orbit, as well as to support and give in-depth missile threat analysis on-site to the Space and Missile Systems Center's 2nd Space Warning Squadron through Sept. 30, 2014.
- $17.5 million: a contract modification to provide engineering and software sustainment services, including Littoral Combat Ship suitability follow-on testing, to the U.S. Navy in support of Navy MQ-8B Fire Scout unmanned helicopters through June 2014.
- $7.3 million: a firm-fixed-price contract to support the AN/TYQ-23(V)4 Tactical Air Operations Module, AN/TYQ-87(V)2 Sector Anti-Air Warfare Facility, Tactical Air Operations Module Interface Group, Multi-Radar Tracker, Multi-Channel Interface Unit, and critical components of the AN/TSQ-269 Mobile Tactical Air Operations Module, support software, and provide other support services to the U.S. Marine Corps through Sept. 26, 2014.
- And $7 million: a delivery order to maintain and upgrade AN/APG-68 radar systems on Air Force Block 30 F-16 fighter aircraft.
The article Northrop Grumman Wins 11 Defense Contracts Worth $1.28 Billion 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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