Northrop Grumman (NOC) Wins $240M Contract with Lockheed (LMT)
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Northrop Grumman Corporation (NYSE: NOC) today announced that it has received a 56-month contract from Lockheed Martin (NYSE: LMT) worth up to $240 million, if all options are exercised, to provide critical technologies for the Airborne and Maritime/Fixed Station Joint Tactical Radio System. An initial $186.7 million subcontract has been awarded focused on the software-defined radio development for AMF JTRS.
As Lockheed Martin's teammate, Northrop Grumman has the responsibility for leading the Joint Tactical Radio integrated product team and co-development of the JTR small airborne hardware and software.
Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States.
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