Northrop Grumman (NOC) Awarded $16.3 Million Cybersecurity Contract by U.S. Navy
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Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.6%
Revenue Growth %: +5.1%
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Northrop Grumman (NYSE: NOC) has been selected to provide cybersecurity professional, technical and analytical support to a variety of U.S. Navy Information Operations organizations.
The five-year, indefinite delivery, indefinite quantity (ID/IQ) contract was awarded by the NAVSUP Fleet Logistics Center Norfolk to eight companies and is valued at $16.3 million for Northrop Grumman. The contract vehicle replaces a previous blanket purchase order, reducing costs, increasing access to innovation and improving cybersecurity mission effectiveness.
The five-year, indefinite delivery, indefinite quantity (ID/IQ) contract was awarded by the NAVSUP Fleet Logistics Center Norfolk to eight companies and is valued at $16.3 million for Northrop Grumman. The contract vehicle replaces a previous blanket purchase order, reducing costs, increasing access to innovation and improving cybersecurity mission effectiveness.
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