BETHPAGE, N.Y., Feb. 11, 2013 /PRNewswire/ -- The E-2D Advanced Hawkeye, designed and manufactured by Northrop Grumman Corporation (NYSE: NOC), has been approved to enter full-rate production by the Office of the Secretary of Defense (OSD). This decision follows a report where the E-2D was declared operationally suitable and effective, following a successful 10-month initial operational test and evaluation (IOT&E) conducted by the U.S. Navy.
A photo accompanying this release is available at http://media.globenewswire.com/noc/mediagallery.html?pkgid=17085.
"With the Navy's E-2D program of record at 75 aircraft, this decision by OSD enables the production of the remaining 55 aircraft over the next 10 years and provides the opportunity for a cost-effective, multiyear procurement," said Bart LaGrone, vice president, E-2/C-2 programs, Northrop Grumman Aerospace Systems. "The entire Northrop Grumman-led E-2D industry team remains focused on providing the most capable and cost-effective airborne early warning and command and control solution to our customer.""Our Navy and Northrop Grumman team continues to deliver on our promises," said Capt. John S. Lemmon, E-2/C-2 Airborne Tactical Data System Program Office (PMA-231) program manager. "I'm confident we will meet our ultimate goal to provide a capable and ready fleet with E-2Ds as we prepare for the first deployment in 2015." Conducted by the U.S. Navy's Air Test and Evaluation Squadron One, IOT&E is a rigorous phase of testing that every new system undergoes to determine that it is operationally effective and suitable for fleet introduction. A successful IOT&E is a key factor leading to a successful full-rate production decision and is a necessary step leading to a multiyear procurement. LaGrone continued, "An operationally suitable and effective rating confirms that the E-2D is a mature airborne early warning and battle management, command and control system, capable of providing critical force protection for carrier strike groups and coalition forces."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV