Northrop Grumman (NOC) Gets $122M C-RAM Supply Contract
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Price: $474.77 +0.80%
Overall Analyst Rating:
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Dividend Yield: 1.6%
EPS Growth %: +5.1%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.6%
EPS Growth %: +5.1%
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Northrop Grumman Corporation (NYSE: NOC) has received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) supporting Operation Enduring Freedom and the ongoing United States Mission in Iraq (USM-I). The contract includes options that, if fully exercised, would raise the potential value of the contract to $311 million.
Under this contract, Northrop Grumman will provide systems engineering, production, deployment and logistics support for the C-RAM systems. The contract was awarded by the Army Contracting Command-Redstone at Redstone Arsenal, Alabama. Program management and technical direction will come from the Program Director, C-RAM, in the Army's Program Executive Office, Missiles and Space.
Under this contract, Northrop Grumman will provide systems engineering, production, deployment and logistics support for the C-RAM systems. The contract was awarded by the Army Contracting Command-Redstone at Redstone Arsenal, Alabama. Program management and technical direction will come from the Program Director, C-RAM, in the Army's Program Executive Office, Missiles and Space.
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