Press Releases

BAE Systems And Northrop Grumman Announce Teaming Agreement To Pursue Ground Combat Vehicle

 

BAE Systems and Northrop Grumman Corporation (NYSE: NOC) have announced a teaming agreement to pursue the Ground Combat Vehicle (GCV) program.

The GCV program is a development effort headed by the U.S. Army and is designed to develop the next generation Infantry Fighting Vehicle.

“BAE Systems and Northrop Grumman have been pre-eminent suppliers of combat systems to the U.S. Army for more than 50 years,” said Mark Signorelli, BAE Systems’ vice president and general manager of Ground Combat Vehicle. “Our team looks forward to working side by side with the Army and its Soldiers in the development of the new Ground Combat Vehicle. Collectively we bring the proven experience, the latest technology and cultures of innovation and service to the Army’s effort to develop a new generation of fighting vehicles.”

BAE Systems will serve as the prime contractor in this partnership. It is the world’s largest producer of combat vehicles, having fielded more than any other company in the world. The company is the top supplier to the U.S. Army’s Heavy Brigades, one of the largest suppliers to the U.S. Department of Defense and the second largest defense company in the world.

Northrop Grumman will serve as the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) lead, responsible for integration of command and control hardware and software, computers and communications equipment, sensors and sensor suites for intelligence gathering and force protection, and other functionality that requires ‘plug and play’ with the internal network or provides situational awareness across external networks.

“We are very pleased to be a member of the BAE Systems-Northrop Grumman GCV team,” said Maj. Gen. (Ret.) Joe G. Taylor, Jr., vice president, ground combat systems at Northrop Grumman. “Together we bring an experience level of combat platform production and C4ISR integration capabilities to the GCV program that is unsurpassed by our competitors. The GCV is an extremely important program for the Army. For the past 30 years BAE Systems has provided the infantry fighting vehicle which has successfully served the war fighter. We are proud to be a part of a team that will continue along that same path for the next 30 years.”

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet