Northrop Grumman (NOC) Gets $124M Contract for C-RAM Systems
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Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.6%
Revenue Growth %: +5.1%
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Northrop Grumman Corporation (NYSE: NOC) has received a $124 million award to provide personnel for expanded operations of Counter-Rocket, Artillery and Mortar (C-RAM) sense-and-warn systems in Afghanistan and Iraq.
The $124 million contract comprises two portions: the $76 million first-year option of the task order for Afghanistan operations first announced August 2010 and issued under the Encore II contract vehicle from the Defense Information Systems Agency at Scott Air Force Base, Ill.; and $48 million for increased tasking in Afghanistan and to provide personnel for C-RAM sense-and-warn operations in Iraq.
The $124 million contract comprises two portions: the $76 million first-year option of the task order for Afghanistan operations first announced August 2010 and issued under the Encore II contract vehicle from the Defense Information Systems Agency at Scott Air Force Base, Ill.; and $48 million for increased tasking in Afghanistan and to provide personnel for C-RAM sense-and-warn operations in Iraq.
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