This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

U.S. Navy Awards Northrop Grumman Contract For E-2D Advanced Hawkeyes





BETHPAGE, N.Y., July 18, 2013 /PRNewswire/ -- Following the decision earlier this year to proceed with full-rate production, the Navy has awarded Northrop Grumman Corporation (NYSE: NOC) a $113.7 million advance acquisition contract for long lead materials and related support for five full-rate production Lot 2 E-2D Advanced Hawkeye aircraft.

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

A photo accompanying this release is available at http://media.globenewswire.com/noc/mediagallery.html?pkgid=19967.

"This contract award, along with OSD's full rate production decision, is a testament to the commitment and dedication of the entire E-2D team to deliver on its promise of a mature, capable and effective E-2D Advanced Hawkeye," said Bart LaGrone, vice president, E-2/C-2 programs, Northrop Grumman Aerospace Systems. "In today's challenging defense budget environment, it is imperative that we remain focused on providing the U.S. Navy with a more affordable airborne early warning, command and control solution."

With the Navy's E-2D program of record at 75 aircraft, this contract award is another step forward in bringing the total current procurement of E-2D aircraft, including low-rate initial production and full-rate production aircraft, to 30.

Last month, Northrop Grumman delivered the 10th E-2D Advanced Hawkeye to the U.S. Navy, having delivered the first nine aircraft on or ahead of schedule. There are currently an additional 10 aircraft in various stages of manufacturing and predelivery flight testing at the company's Aircraft Integration Center of Excellence in St. Augustine, Fla. Initial operational capability with the U.S. Navy remains on track for 2015.

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

SOURCE Northrop Grumman Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs