Northrop (NOC) Wins $156M Contract for Continued Support of BACN Mission
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Price: $480.66 -1.52%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 1.6%
Revenue Growth %: +8.9%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.6%
Revenue Growth %: +8.9%
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The U.S. Air Force awarded Northrop Grumman Corporation (NYSE: NOC) two contract modifications totaling $156 million to continue operating and maintaining the Battlefield Airborne Communications Node (BACN) system in support of overseas contingency missions.
Northrop Grumman was awarded a $106 million contract modification to extend the deployment and operation of BACN payloads installed in three E-11A Bombardier Global Express BD-700 aircraft and three EQ-4B Block 20 Global Hawk unmanned aerial vehicles. The award supports operations through June 2013.
The company was also awarded a $50 million contract modification for platform maintenance support of three E-11A aircraft – numbers 9355, 9358 and 9001 – through February 2013.
Northrop Grumman was awarded a $106 million contract modification to extend the deployment and operation of BACN payloads installed in three E-11A Bombardier Global Express BD-700 aircraft and three EQ-4B Block 20 Global Hawk unmanned aerial vehicles. The award supports operations through June 2013.
The company was also awarded a $50 million contract modification for platform maintenance support of three E-11A aircraft – numbers 9355, 9358 and 9001 – through February 2013.
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