Northrop Grumman (NOC) Awarded Contract from Division of The Johns Hopkins University
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Price: $488.06 +2.84%
Overall Analyst Rating:
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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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Northrop Grumman (NYSE: NOC) has received a contract from the Applied Physics Laboratory (APL), a division of The Johns Hopkins University, to perform manufacturing and production readiness systems engineering for the U.S. Missile Defense Agency's (MDA) Precision Tracking Space System (PTSS).
The company is one of six contractors selected by APL for the PTSS Integrated Systems Engineering Team (ISET). Northrop Grumman is working with APL in Laurel, Md., and other ISET member companies on systems engineering activities for the future space-borne sensor of the Ballistic Missile Defense System (BMDS) designed to track ballistic missiles shortly after launch and through midcourse.
The company is one of six contractors selected by APL for the PTSS Integrated Systems Engineering Team (ISET). Northrop Grumman is working with APL in Laurel, Md., and other ISET member companies on systems engineering activities for the future space-borne sensor of the Ballistic Missile Defense System (BMDS) designed to track ballistic missiles shortly after launch and through midcourse.
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