This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Army Awards Northrop Grumman Basic Ordering Agreement For EAGLE

HERNDON, Va., Oct. 23, 2012 (GLOBE NEWSWIRE) -- U.S. Army Sustainment Command (ASC) awarded Northrop Grumman Corporation (NYSE:NOC) a basic ordering agreement for the Enhanced Army Global Logistics Enterprise (EAGLE) on Sept. 12. The agreement allows the company to compete for future task orders from the ASC.

EAGLE is an indefinite delivery, indefinite quantity (ID/IQ) contract vehicle the Army will use for maintenance, supply and transportation support functions required by the ASC. EAGLE's ceiling value is $23.5 billion. Northrop Grumman was one of a number of defense companies that won agreements to compete under the vehicle.

"Winning a seat on EAGLE is an important enabler for our support to the U.S. Army warfighter," said Bill Carty, sector vice president and general manager, Northrop Grumman Technical Services Defense and Government Services division. "This selection further strengthens Northrop Grumman's position as a provider of innovative logistics and affordable service solutions to the Army."

EAGLE is a new contract vehicle that is expected to replace present ID/IQ vehicles, including Field and Installation Readiness Support Teams, for which Northrop Grumman is a prime contractor. The Army will use EAGLE to assign sustainment services to include the maintenance and reset of equipment, supply chain management and vehicle sustainment and logistics operations.

"As the leading provider of vehicle sustainment operations and logistics to the Army for more than 35 years, we understand the value of performance in sustaining vehicles used by our nation's warfighters to successfully complete their mission," said Steve Mapley, EAGLE program manager, Northrop Grumman Technical Services. "Our experience sustaining and modernizing the Army's combat and tactical wheeled vehicle fleets results in affordable, innovative processes that ensure mission readiness."

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.

CONTACT: Bryce McDevitt
         703-713-4584
         bryce.mcdevitt@ngc.com
         
         Leah Smith
         703-713-4616
         leah.smith@ngc.com

Company Logo

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs