Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade NOC now with 

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.

Register
To receive FREE breaking news email alerts for Northrop Grumman Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.