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!

Northrop Grumman's Global Hawk Program Selected For U.S. Air Force Sustainment Excellence Award

SAN DIEGO, Feb. 25, 2013 /PRNewswire/ -- The U.S. Air Force RQ-4 Global Hawk unmanned aircraft program was recently awarded the 2012 Dr. James G. Roche Sustainment Excellence Award for demonstrating the most improved performance in aircraft maintenance and logistics readiness. Northrop Grumman Corporation (NYSE: NOC) is the prime contractor for the high-flying fleet of Global Hawks.

(Logo: http://photos.prnewswire.com/prnh/20121024/LA98563LOGO)

"Even with a year marked with fiscal challenges and heightened operations tempo, the Global Hawk government-industry team was able to increase aircraft mission capability by 26 percent in fiscal year 2012. This increase allowed the Global Hawk team to execute and fly more than 13,400 hours last year," said George Guerra, vice president of the Global Hawk program for Northrop Grumman's Aerospace Systems sector. "This prestigious award signifies that the entire team is constantly striving to improve in every area and doing everything we can to support U.S. and allied troops."

Echoing the program's marked performance improvements is the recently released director, Operational Test and Evaluation annual report to the Secretary of Defense. The extensive report highlights the Global Hawk's mission-capable rate, which rose from approximately 52 percent in fiscal year 2011 to nearly 78 percent in 2012, while exceeding the Air Force's goal for 19 consecutive months.

"Congratulations to Northrop Grumman for ensuring our warfighters are equipped with a system that is ready and available when they need it," said Col. Carlin Heimann, Global Hawk system program director for the U.S. Air Force. "It is encouraging to be recognized at Air Force levels for the contributions this team makes to improving Global Hawk reliability and sustainability. This will always be a joint government-contractor effort and together we earned this award, which is a reminder that we have our priorities right."

In 2004, the Air Force chief of staff approved the award, named for the 20th secretary of the Air Force, to promote maintenance excellence. Air Force officials determine the award recipients by calculating the improvements for a predetermined set of metrics and multiplying each metric by a corresponding weighted value. The award will be presented at a date and location to be determined.

1 of 2

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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

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