logo
Share SHARE
FONT-SIZE Plus   Neg

Northrop Grumman Receives $3.6 Bln Multiyear Contract From U.S. Navy

Northrop Grumman Corp. (NOC: Quote) said it has received a $3.6 billion fixed price, incentive fee multiyear contract from the U.S. Navy to deliver 25 new E-2D Advanced Hawkeye aircraft, bringing the total number of aircraft on contract to 50.

Developed and produced by Northrop Grumman, the E-2D Advanced Hawkeye is the world's only aircraft specifically designed as a carrier-based airborne early warning and control or AEW&C system. With its structurally distinctive design - a rotating rotodome and four vertical stabilizer tail configuration - the E-2D Advanced Hawkeye provides unprecedented, 360-degree surveillance to the warfighter.

As the only DOD designed, tested and in-production AEW&C platform, the E-2D Advanced Hawkeye has undergone a significant transformation from previous E-2 models, resulting in revolutionary capabilities, the company said.

This includes the new, more powerful AN/APY-9 radar system, exclusive to the E-2D Advanced Hawkeye, which represents a two-generational leap in radar technology and allows the warfighter to "see" a greater number of targets at much greater distances - as well as new avionics and a glass cockpit.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Tuesday after the markets closed that its first quarter profit rose 38% from last year, driven by all time record revenue from iPhone and Mac sales as well as record performance of its App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015. Diversified electronics maker TE Connectivity Ltd. is nearing a deal to sell its network solutions business unit to CommScope Holding Co., Inc. (COMM) in a deal valued at about $3 billion, according a Wall Street Journal report on Monday. A deal could be announced as early as this week. There has...
comments powered by Disqus
RELATED NEWS
Trade NOC now with 
Follow RTT